A business broker is a professional company or intermediary that helps small and medium-sized businesses find buyers or sellers. They typically work on a commission basis, and their services can include the following:
Assessing the value of the business
Advertising the business for sale
Identifying and screening potential buyers or sellers
Negotiating the sale or purchase of the business
Helping to close the transaction
Business brokers can be independent or affiliated with a brokerage firm. They may also focus on specific industries or types of businesses. The goal of business broker is to match qualified buyers with motivated sellers and assist in the process of buying or selling a business, and guide the parties through the transaction and legal process.