About this Business for Sale
POPULAR FASHIONABLE BAGS BRANDS DISTRIBUTED NATIONWIDE
The company has grown fast in establishing the popular brand of its products, the Fashionable Ladies Bags . The owner , with his intention to minimize his working time , has decided to sell this well-known brands
for ladies market. With its more than 30 years of industry experience the owner is proud to have developed within 10 years
varieties of bags such as Hand bags , Shoulder Bags, Totes, Clutches, Backpacks and Wallets. From these sturdy and stylish bags, a new brand was also created and this is also included in the deal for the serious and motivated buyer who has a passion for fashion.
The Marketing aggressiveness with heavy promotions thru E-Commerce and social media sites has prompted the owner to increase the branches to 45 stores nationwide which are also located in major malls.
An automated system in the company’s operation and management will be turned over to the new owner to ensure the supply chain management well organized. Intellectual Property Office ( IPO ) registrations will also be transferred to the new owner. A few months of training to the new operating team of the new owner will be provided as to be properly arranged.
The owner himself has a hands-on management to the business as the General Manager of the company. His reason for selling is to focus on other existing business that is why he wants to minimize his working time. The successful buyer will have the option to purchase stocks-on-hand in the stores for sale and will be subjected to negotiations.
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Confidentiality Agreement for Business OR00439
Between LINK and * (Interested Party) this must be an individual's name, NOT a company name
In consideration of LINK (being any or all of LINK Business Broking Phil. Inc. and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by LINK and specifically Listing ID No OR00498. I/We hereby agree and undertake as follows:
To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party.
Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by LINK;
Not to make an approach to the Vendor of any business disclosed to me by LINK, or the business' staff, customers or suppliers without prior arrangement with LINK and to refer all queries through LINK;
We acknowledge that LINK is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.
If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to LINK Business Broking Phil. Inc. as the case may be;
If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify LINK against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
That all information is received for no other purpose than the evaluation of the investment potential of the business;
If I decide not to proceed with the investment, I agree to immediately return to LINK all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and each email response to the other or their representative will constitute offer and acceptance, and satisfy the requirements of the Electronic Commerce Act of 2000.
Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser
Seeks legal advice.
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