A Guide For Business Buyers

Although business brokers generally represent the seller, the buyer also reaps the benefits of expert guidance. A business broker provides vital services for both parties and acts as the “glue” for holding together the pieces of the business sale process. Here’s how a business broker will work with you the buyer.

Business brokers prefer to understand your needs and desires in buying a business. During a preliminary discussion, the broker will typically ask the prospective buyer questions such as these:

After this fact-finding meeting, the broker can then show the buyer businesses that are both feasible and that fit the buyer’s requirements. Further steps the broker will lead the buyer through are as follows: