We initially post a short ad for each of our listings on our website as well as the other Business For Sale sites to which we advertise our website for sale offerings. Those ads do not include the name of the company, but simply offer a brief description that allow a prospective buyer to determine if he/she has any initial interest.
All prospects that wish to review more details are required to have a signed Non-Disclosure Agreement (NDA) on file before the company details are released. This Confidentiality Agreement is a legally binding contract requiring the signer to keep the information provided confidential.
Once a prospective buyer submits an NDA, he/she will be sent the company details in the form of a prospectus. After reviewing the prospectus, buyers with further interest can submit more specific questions to the website broker that is handling the listing. After coordinating with the seller, we get back to each inquirer with answers and will usually create a Q&A Supplement with all the cumulated buyer questions and seller answers to share along with the prospectus.