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Why use a Business Broker
Why Use a Business Broker?
A business broker is a professional who assists in the buying and selling of businesses, helping to connect buyers and sellers while also acting as an intermediary throughout the process.
The assistance provided by a business broker
covers a wide variety of tasks including:
helping buyers determine what type of
business they are looking for
helping sellers prepare their business for sale
helping buyers find businesses that meet their criteria
helping sellers arrive at a value for their company
helping buyers analyze a business for sale
helping select other members of the sales transaction team
developing a marketing plan for sellers
preparing necessary documentation to market the company
identifying prospective buyers
interviewing, qualifying and informing prospective buyers
attending meetings and completing paperwork
negotiating detailsmanaging the due diligence process
coordinating closing activities
and much more.
A Saturated Field?
There is a common misconception that there are a lot more business brokers today than ever before or that the United States is saturated with them. Neither is true. In fact, the number of business brokers has remained fairly static over the years. Research suggests that there is currently one business brokerage firm for every 1,600 businesses.
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