Why have Keate Partners Represent You and Your Company?
Our firm has been selling Greater Cincinnati companies for over 30 years. We understand the right way to prepare a business for its sale – and the proper procedures to accomplish a sale without employees, customers or competitors finding out.
We take the extra steps which set us apart. We provide a written valuation so that the seller will get a good understanding of the range of value that can likely be achieved upon a sale. We follow strict procedures to maintain confidentiality. We utilize over 90 different national, regional and local websites to attract buyers. We assist the buyer in obtaining financing once a deal has been agreed upon. We coordinate due diligence and closing with the seller, the buyer, their attorneys and accountants, and the bank.
Accurate information is important. We perform preliminary due diligence to make sure the information (we call a “Confidential Business Review” – a “CBR”) that is provided to buyers is accurate. This information package allows buyers to fully understand and analyze the business. This reduces the seller’s time required in the complete process of selling his or her business to usually 10-20 hours. The buyer appreciates the CBR because it allows a quick decision of whether the business fits his parameters and needs.
It is important to emphasize that buyers only receive generic information on a business until they have satisfied disclosure requirements and been approved to receive the “CBR”. Maintaining confidentiality is one of our key strengths.
While we receive compliments from sellers, buyers, and bankers all the time on our procedures and documentation, a recent unsolicited paragraph in a letter (and offer) from a buyer possibly says it all:
“First, I would like to compliment you on having such a professional package to provide to potential buyers. I look at many businesses each month. Rarely have I received a package as clear and all inclusive as yours. Your package gave me all of the data I needed to make a decision. I can honestly say this is a first. I usually have to ask many questions of the seller/broker.” – An email from one buyer, expressed by many.