QandAs: Business

What does a business broker do?

Answer:
A business broker facilitates the sale and

purchase of businesses. Brokers offer a variety of services related to marketing and negotiating business sale transactions for a fee, which is typically between five and ten percent of the purchase price.

They specialize in matching individuals interested in purchasing existing businesses with those who have businesses for sale.

Business brokers function as a buffer between buyers and sellers. Business brokers can help those interested in buying a business find, research, and negotiate for opportunities that meet their needs. For example, they can prescreen businesses to verify financial soundness on behalf of their clients. Business brokers can also handle negotiations with the seller and assist with preparing purchase transaction paperwork. For sellers, business brokers actively market their clients businesses to prospective buyers.