What is a Business Broker?
Business brokers are professionals dedicated to serving clients and customers who desire to sell or acquire businesses. Typically, business brokers act as a buffer between the buyer and the seller, estimating the value of a particular business and providing advice to their clients. Business brokers are committed to offering professional services in a knowledgeable, ethical and timely fashion. Typically, business brokers provide information and business advice to sellers and buyers, maintain communications between the parties and coordinate the negotiations and closing processes to complete desired transactions. Business brokers also oversee the due diligence investigation. Business brokers can say certain things to buyer and certain things to a seller and wind-up with a productive discussion. Business brokers can tell the owner the price is too high, relay what has to be done to make a deal-very openly and candidly-and discuss how the differences in viewpoint can be ironed out effectively. *
*Source: International Business Brokers Association
A Business Broker's Role
Assist clients in the ownership transfer of privately held small to medium sized companies (selling existing businesses)
- Work with buyers to purchase a business
- Help buyers purchase a new franchise business
- Provide current business owners with business valuations of their business or appraisal services for their machinery and equipment
- Assist larger companies with mergers and acquisitions (these companies typically have revenues in excess of $5 million)
- Provide clients with commercial real estate brokerage, leasing, property management and search services
