We're all familiar with sports franchises relocating. Whether it's the Rams moving from St. Louis to Los Angeles, or the Seattle Supersonics moving to
Oklahoma City and becoming the Thunder, certain things remain the same. As soon as word gets out that a franchise is even considering relocating, the bottom-line takes a hit. The same may be true of your business, which is why we've created TransWorld's privacy policy.Imagine that you own a successful real estate appraisal agency. You've done the math, consulted with advisors, and it's apparent that now is the best time to sell your business.
However, before you can even meet with potential buyers, word spreads throughout your company, and throughout your industry. Suddenly customers who were interested in setting up a long term relationship no longer want to work with you. Some of your employees, worried about what a change in ownership will mean to them, have begun looking for different jobs. Each of these factors, along with a myriad of others, will affect your business's finances, and thus, hurt any potential sale.
Transworld of Minnesota Privacy Policy
Privacy and discretion both play a huge role in buying and selling a business. At TransWorld, we recognize that while it's important to market the potential availability of your business, it's also important to ensure you don't spread the word to the wrong people. That's why we're highly selective about who we market your business to.
We present your company to other business brokers and strategic buyers all over the world – and we do so with complete confidentiality. All necessary documentation is only released on an as needed basis. We believe you have to treat sensitive information with the utmost care.
Handling Confidential Documents
A major part of our role as business advisors and consultants is matchmaking. It's not enough to get a buyer and a seller in a room with one another, we need to match the right buyer with the right seller. To do this, we need to handle sensitive documents from both parties. It's our discretion and ability to get the right people in the room that has made us a world leader in the marketing and sales of franchises, commercial real estate, and businesses.
Our advisors will give direction on how to handle the financial challenges associated with selling a business. If you're purchasing, advisors will help you dig deep into the financials of a business and explain how they affect you and the sale.
Confidentiality: An Absolute Must at T-World
We don't just say that we have discretion and keep confidentiality – we mean it. Imagine setting up to sell your business, only to have word spread before you can make the sale. Not only does this potentially hurt your client base and your employees, it also may weaken your bargaining position. Even worse, imagine if you're not entirely sure if you're going to sell your business, but you just want to look into it – and yet word still gets out. Now your business is in trouble even though you didn't intend to sell it!
Confidentiality is a critical issue for all business brokers. You don't want your employees, clients, or vendors knowing that your business is for sale, as this could impact how they treat your business, which is why we maintain one of the strictest privacy policies in the business.