A business broker is an individual or company that assists in the purchase and sale of small, main street businesses.
What is business capital & how does it work?
In the most basic sense, it’s the money and assets needed by a business to produce the products or services it offers. Businesses use capital to cover payroll and other associated expenses, allowing them to continue their normal operations. To learn more about what is business capital and how it works, continue reading.
Where can I find a business broker?
Those wishing to buy or sell a company can locate business brokers through attorneys, accountants, and professional associations, such as the International Business Brokers Association (IBBA). Business brokers deliver many benefits. Executing company purchases and sales is a complex undertaking that can cause many headaches and sleepless nights.
How much should a business broker/advisor buy a company?
If your company is in the $1 million-$25 million purchase price range, make sure your broker/advisor has experience in selling companies to both individuals and private equity groups or strategic buyers . Business Brokers specialize in selling businesses, while real estate agents sell real estate.
