What is a Business Broker?

A business broker is an intermediary between a buyerone until the actual closing of the business. The
and a seller of a business. In most cases a businessbusiness brokers' responsibility is to be an intermediary
broker represents the seller in the sale of a business. Itbetween the buyer, the seller, the landlords and the
is the business brokers' responsibility to find qualifiedattorneys and make sure it is a smooth process.
buyers for their clients.Brokers supply numerous benefits to both buyers and
A business broker is similar to a real estate agent whosellers. For example, sellers benefit because they do
sells homes and earns a commission. But instead ofnot have to spend time and money searching for
selling homes, business brokers specialize in sellingbuyers. Qualified business brokers have access to
small and midsize companies -- everything from yourpeople that are in the market to purchase a business,
local pizza parlor, dry cleaners and convenience storeand they know how to attract and screen potential
to larger companies, such as manufacturing andbuyers much more quickly then do typical business
wholesale & distribution companies.owners. If you do not have the time to market selling
A business broker connects people who are looking toyour own business, it may be a good idea to sit down
sell a business with people who are looking to buy awith a local business broker in your area to discuss
business, and helps them to complete the transaction.representing you in the sale of your business.
In most cases a business broker is involved from day