Technology Company
I would certainly recommend VR and would use them again if I had the need. They kept their promises, worked hard and sold my business to a buyer from across the country. Choosing VR was one of the best decisions I ever made with my business.
Sign Code
Mohan and Troy at VR were great to work with. The entire process was great. They really know their business.
eSupplyStore
Troy - thank you for all your hard work with eSupplyStore. I know we found the right buyer at the right price. I don't see how the process could have gone any smoother.
Learning Center
VR did an excellent job of selling my franchise. This is actually the second time that I have used their services and I have been impressed both times.
Health Gazette
I owned the Health Gazette for over 30 years and it was important for me to find the right buyer. VR gave us a fair market value for the business and sold it for exactly that amount. I could not have been more pleased.
VR really took the time to understand my needs. I think their expertise was a big reason the transaction happened.
Publishing Company
VR stood out from the competition. They were the best fit when it came to selling my business.
Retail Bookstore
I was extremely impressed with VR. They approached the sale of my business with a very professional system. I knew my business wasn't large, but I still got a high level of service. I would certainly recommend VR to anyone thinking about selling their business.
Diamond Design
I hired VR to sell me construction company. They worked hard through the whole process and found the right buyer. They did a great job and I would use them again.
Sylvan
I wanted to send a note and thank you for all your hard work. This has been a great experience and I really enjoyed working with VR.
Pure Air Systems
I tried other brokers in town and they just put some ad in the newspapaer and it didn't result in much.
Carrell Welding
VR did a very good job for us. They set the price for my business, found the buyer, and worked through all the details.
Commercial Business Systems
I first used another brokerage company to try and sell my business, but it did not work. VR was totally different, very professional and they sold my business for almost full asking price.
TheEasyForms.com
VR exceeded my expectations in selling my online business. I got the full asking price of the business. We got several offers within the first couple of weeks. The entire process took less than 6 weeks from start to finish.
Protect Confidentiality During the Sale Process
It is imperative to protect seller confidentiality throughout the sales process. Many businesses can be severely damaged by mere rumors that the business is for sale, should these rumors circulate to employees, customers, suppliers or competitors. The leaking of sensitive information, such as financials and customer lists can cause further damage.
During the negotiations and due diligence and processes, buyers will request information about and access to highly sensitive aspects of the business, such as financial records, customer lists and contracts, supplier agreements, employee lists and responsibilities, employment contracts, lists of equipment, sales backlog and pipeline information, etc. They may demand to interview employees, customer, landlords and suppliers as part of their due diligence process.
Some of the information and access will need to be provided to make the deal happen, other requests need to be deferred to later stages of the process, and still other requests must be resisted at all costs. Appropriate legal agreements need to be executed along the way to ensure the seller is protected if the deal does not consummate. (Hawaiian Airlines’ dispute with Mesa Airlines is a textbook example of the risk inherent in this process.)
At VR, we focus exclusively on business sales, so we fully understand the vital importance of protecting your confidentiality. By contrast, real estate brokers are accustomed to openly advertising the sale of their properties for all to see.
We have rigorous systems and procedures in place to protect your confidentiality.
- All public marketing materials are carefully scrutinized to ensure they reveal nothing that could be used to identify your business
- Prospective buyers are screened thoroughly to ascertain their identity, resources, and motivations
- All prospective buyers must complete and sign our Non Disclosure Agreement before receiving identifying or other sensitive information about your business
- We leverage our experience over thousands of deals, to advise what information should and should not be revealed to which buyers at various stages in the process
Depending on your level of concern about confidentially, we take further optional steps as appropriate:
- Market exclusively "off island" to our mainland and international channels
- Require buyers to provide proof of financial resources to complete the acquisition
- Create numbered copies of all documents and not allow duplication by buyers
- Require your approval of each buyer before providing information
- Require buyers to come to a VR office for a face to face meeting
- Allow viewing of certain documents only in the VR office, and not allow copies
- Allow viewing of certain documents only in the VR office, and not allow copies to be taken out of our offices at all, or until specified conditions are met
