Business Brokering
Business Brokering
A Business Broker is an intermediary dedicated to serving clients and customers who desire to sell or acquire businesses. A business broker is committed to providing professional services in a knowledgeable, ethical and timely fashion. Typically, a Business Broker provides information and business advice to sellers and buyers, maintains communications between the parties and coordinates the negotiations and closing processes to complete desired transactions.
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 details • Managing the due diligence process • Coordinating closing activities