Thank you for your interest in the business we have listed. We have put together a short Q&A section for the most frequently asked questions. However, business transfers are – and always will be – a “relationship” business and nothing can substitute a personal meeting. Once you have provided us with the qualification documents we have attached to the email we sent you, we are happy to meet with you to explain the entire transfer in detail.
There is a wealth of information on this site, please feel free to explore all aspects. And once you have obtained a “preliminary feel”, please give us an opportunity to introduce ourselves and answer specific questions relating to your interest and acquisition.
– Achim Neumann
- Why do I need to provide all this information?
- Can I simply sign the non-disclosure agreement?
- What will happen to the information that I provide?
- Is the confidentiality of my information secured?
- What information will I receive once I provide all my info?
- Can you provide financing for the acquisition of the business?
- When will I own the business?
- How can I get more information?
Why do I need to provide all this information?
We – as the brokerage firm – have a contract with the seller which requires us to thoroughly qualify any inquiry. This includes information about yourself (profile), financial information (including a bank statement indicating sufficient funds for the down payment), and the executed Confidentiality Agreement. Only once we have receive all forms back, we can talk freely and provide you with the prospectus.Serious buyers are very familiar with these requirements, in particular, if they have owned a business before that they have sold through a brokerage firm.
Can I simply sign the non-disclosure agreement and provide just that?
Having been in business for more than 20 years, we have experienced again and again, that simply signing the confidentiality agreement does not ensure that an individual has sufficient funds for the down payment. Providing information to a buyer that can not afford the purchase of the business is a breach of our contract with the seller and does not serve anybody. Furthermore, introducing such a buyer would be a great waste of time on everybody’s part.
What will happen to the information that I provide?
None of the information that you provide to us will go to the seller. If you prefer, we will be happy to provide a confidentiality agreement to you attesting to this.
If you like the investment after having reviewed the prospectus/ confidential memorandum, and if you desire so, we can provide your financial information to the SBA and obtain a loan pre-approval within a couple hours. However, we will do this ONLY with your explicit approval and NEVER on our own.
If you move forward and make an Offer To Purchase, and such offer is accepted by the seller, then we will provide your information to the seller, in order for the seller to do his due diligence on you – as the seller is extending a note to you, in all likelihood -, similar, as you do your due diligence on the seller by reviewing all his books.
We will destroy your information, by shredder, after six months if there is no further interest in any other business we have listed. Alternatively, we can destroy your information immediately if you request us to do so.
Is the confidentiality of my information secured?
Absolutely! We have been in business for more than 20 years, and our reputation hinges on the fact that we use utmost confidentiality for all parties involved. Our principal, Mr. Neumann, has a stellar record and will ensure that your information will not be provided to anybody.
What information will I receive once I provide all my info?
We will provide you with the prospectus / confidential memorandum, which has the past three year financials, based on the tax returns, as well as a very detailed financial analysis. There are projections for the future, and a post acquisition cash flow analysis. Also, there are 15 pages of operational information. In addition, if a valuation was performed, we will provide a copy of the valuation.
And, we will send you a detailed, step-by-step outline as to how we bring the two parties together.
Can you provide financing for the acquisition of the business?
Yes, we have excellent contacts to lender in all segments. With approximately 1,500 transactions closed each year, we experience significant interest on the banks’ sides to accommodate our clients.
When will I own the business?
Typically, it takes two to three months to close on a transaction. This outline for the buying process might help you.
Once you have reviewed the confidential memorandum and have expressed that you like the deal, we will organize a meeting between yourself and the seller. Upon a successful meeting, we can help you to formulate an Offer To Purchase to be presented to the business owner. And once that offer is accepted, we can help you with the financing, and make some suggestions respective the items for the due diligence.
How can I get more information?
Please and let us call you back at a convenient time, or alternatively, please feel free to contact us at (732) 872-6777.
Contact A Neumann & Associates, LLC
If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please to fill out a short form, or call us at (732) 872-6777. We will contact you directly and will never identify ourselves to your employees.