What Is A Business Broker | Premium Article Directory

What Is A Business Broker | Premium Article Directory

Posted by admin | Under Accounting Tuesday Jul 20, 2010

A business broker is an intermediary between a buyer and a seller of a business. In most cases a business broker represents the seller within the sale of a business. It is the business brokers’ responsibility to find qualified buyers for their clients.

A business broker is kind of like a real estate agent who sells homes and earns a commission. But rather than selling homes, business brokers specialise in selling little and mid size companies — everything from your native pizza parlor, dry cleaners and convenience store to larger companies, like manufacturing and wholesale & distribution companies.

A business broker connects individuals who are looking to sell a business with individuals who are wanting to shop for a business, and helps them to complete the transaction. In most cases a business broker is involved from day one until the particular closing of the business. The business brokers’ responsibility is to be an intermediary between the client, the seller, the landlords and the attorneys and make positive it’s a smooth process.

Brokers provide varied edges to both buyers and sellers. As an example, sellers benefit because they do not need to pay time and money looking for buyers. Qualified business brokers have access to individuals that are in the market to purchase a business, and they know how to draw in and screen potential patrons much additional quickly then do typical business owners. If you do not have the time to plug selling your own business, it may be a good idea to sit down down with a native business broker in your area to debate representing you within the sale of your business.