Important Forms

What are they? -- The Non-Disclosure Agreement (NDA):

The NDA is an agreement between the potential Buyer and Stony Hill (acting as Business Agent for the Seller). Some key terms in the NDA are :.

  • Any business information we provide must be kept CONFIDENTIAL
  • The Buyer must NOT CONTACT the Seller or his staff without permission,
  • The Buyer has SUFFICIENT FUNDS to buy the business and agrees to provide documents to support this representation.

What are they? -- The Financial Statement:

The Financial Statement is an opportunity for the Buyer to demonstrate his financial wherewithal. It demonstrates to the Seller how the Buyer will fund the purchase of the business for sale.

Why are these forms important?

These forms are important to all three groups involved in selling a business, Sellers,Buyers and brokers. They allow the Seller and broker to gauge the quality of the Buyer before investing additional phone or face-to-face with the prospect. These forms should be treated as a job application:

  • Read and understand the terms and conditions of the NDA, before signing it,
  • Accurately, Completely and Legibly provide the information requested in the Financial Statement.

Just as buyers determine the value of a business from its financial statements, sellers evaluate buyers the same way. In our region, New Jersey, Delaware and Pennsylvania, quality businesses for sale always attract many Buyers. While Stony Hill will consider all potential applicants, we present only the most qualified Buyers to the Seller. Selling a business is a long and complicated process. Nobody wants to invest time and energy with a "window shopper" or "tire kicker". How the Buyer completes these forms, including any back-up documentation provided, speaks volumes about the seriousness of Buyer interest.

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Do you own your own business?

The US economy is driven by entrepreneurs - small and mid-market businesses, more than 20 million of them, many of them privately-owned. It is often difficult for owners to convert all of their hard work and ingenuity into an equity event. It is a complex and time-consuming process. Stony Hill Business Brokers has the experience and expertise to assist with selling a private business successfully.

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Is it time for a change?

All of the partners at Stony Hill Business Brokers have been entrepreneurs in private businesses and have had experience managing and selling their businesses. We understand the grind of running your own show and the uncertainty of getting the most value for the business.

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Are you looking for guidance?

We have particular experience with the small business market in eastern Pennsylvania, New Jersey and Delaware. We can provide advice on preparing a business for sale, even years in advance. We can help buyers find the right business for their circumstances. And we advise both sellers and buyers throughout the process to assure a quick, smooth transfer of ownership.