A business broker is a trained professional who assists clients in buying or selling small or medium-sized enterprises. Agents often take on various tasks to help clients achieve their buying or selling objectives. Some brokers may specialize in companies in particular industries or have specific, unique skills. For example, a specialist commercial broker focuses on commercial properties and businesses related to commercial real estate.
Brokers work very much like residential Realtors and often represent sellers who pay a fee for brokerage services. However, it is becoming more common for potential buyers to work with brokers to help estimate businesses’ value and quality of earnings, match buyers with the best companies, negotiate meetings, guide buyer financing, and facilitate closings. Continue reading What is The Role of a Business Broker?