Nevada Jacks for Sale

[Casablanca]

How in the world do you sell a business that you can't show someone until they pay you?

[tim722]

Come again? Are you saying you're selling the farm?

[Casablanca]

You heard it here...

Site, Domains, Nevada Jacks, IP, All equipment to produce ceramics chips, etc etc..

The only thing not for sale are our clay molds and our real casino collection.

[chinx0r]

My best bet would be to sell to another who's in the same business so they are already in the know. This way you don't have to show them much and can just list down the inventory without having to explain too much.

[ovo]

sorry to hear about this. You have been around a long time. good luck

[Casablanca]

Originally Posted by ovo

sorry to hear about this. You have been around a long time. good luck

Thank you!

[AlbinoDragon]

Step one, I'd start by narrowing potential buyers before you even think of going any further. I guess what I'm trying to say is find the VIABLE buyers before you think of starting negotiations, etc..

Step two, when you start getting into deeper details, requite the potential buyer sign an non-disclosure agreement. No NDA, and the discussions stop right there.

You'd probably need a lawyer to get a NDA written with the appropriate legalese, but if you have a potential buyer dedicated enough to make it to that phase, they would be willing to sign. If not, return to step one.


I'm not sure what you need to keep under wraps. I'm guessing financials, and tricks/techniques for production. The former, makes perfects sense (and where vetting the potential buyers before you get there is important). The latter also makes sense, but I, personally, wouldn't bring things like that up until it's closer to a done deal rather than early on in the discussions. In my opinion, a potential buyer doesn't need to know details on that part of the job in the "I think I want to buy this" phase.


Good luck with the process!

[tim722]

NDAs and a good lawyer FTW

[TenPercenter]

That's quite a bombshell Jim. What details can you share? We can ask everyone to get the word out. The bigger the buyer base the better change NJ has of continuing to supply the world with great American Made poker chips.

[TenPercenter]

Originally Posted by Nevada Jack

You heard it here...

Site, Domains, Nevada Jacks, IP, All equipment to produce ceramics chips, etc etc..

The only thing not for sale are our clay molds and our real casino collection.

Jim could the clay molds be leased back to the buyer for producing clays, or what? Are you staying in the clay business with those molds? Do they have a separate buyer?