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Info Center
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Why Use a Business Broker / Intermediary
Business brokers and intermediaries can be valuable allies when it comes time to sell your business. Here are just some of the reasons why it pays to work with professional business brokers:
• They help sellers establish a fair asking price - fair to the seller and the buyer. There is no sense going to market with a price that won't attract serious, potential buyers.
• They sift through potential buyers and show the business only to those who are serious about business ownership. About one out of 50 people who call about a business ad are really serious enough that they will eventually buy a business.
• They work on a confidential basis so the entire community doesn't know that the business is for sale.
• They show the business at times convenient for the seller and will also take charge of the process.
• When a potential buyer shows interest in a particular business, the broker will provide preliminary information on the business, schedule meetings with the seller, negotiate the terms of a proposed transaction, and will generally work with the parties until a satisfactory conclusion is reached.
• They guide both the buyer and the seller through all the nuances of the deal, walking them through the various steps necessary for a satisfactory conclusion.
• They work with the various outside professionals and act as the conduit between them.
• Finally, a business broker/intermediary, will in most cases, obtain a selling price that is more than the seller would obtain on his or her own.
Copyright 2007 Business Brokerage Press
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