Business Broker
What It Means
A Business Broker is an individual or firm that represents and assists Buyers and Sellers of privately held businesses. They provide a variety of services related to the sale of a business, including Business Valuation, advertising, negotiation, and closing the sale. Business Brokers may be specialized to represent companies in specific industries.
Why It’s Important
Buying and selling a business is a complicated and time consuming process. A good Business Broker can help manage the process, increasing the returns for Sellers and accelerating the process for Buyers, all while protecting the confidentiality of the parties involved. On the contrary, a bad Business Broker can be a complete waste of time and money. It is important to seek out and engage qualified and experienced advisors in all aspects of the sale or purchase of a business.