The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Does one NEED a Business Sale Broker to list on this site (and others) - what is recommended?

Wondering how essential a Business Broker is to selling a business. Pros and cons? Thanks!

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (5)
No User Photo

We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Aug 17, 2017
No User Photo
The BAF Group LLC
MD

Michelle, you don't ALWAYS need a Broker - although I am a Broker! Apparently, longer answers may be the technical issue I have encountered. If you want to contact me by e-mail at combroker@bafgroup.com, I will be happy to give you a fairly balanced response.

Aug 18, 2011
No User Photo

Sorry Don - I have no idea why it's not working. Hope to hear some great feedback!

Aug 17, 2011
No User Photo
The BAF Group LLC
MD

There is apparently a technical problem in answering your question. I have tried three times, without success, yet other posts have had posed no difficulty.

Aug 17, 2011
No User Photo
The BAF Group LLC
MD

My answer will be biased, because I am a Business Broker. But I can tell you that not all businesses need a Broker. Many do, and many should be represented. Not knowing what your particular situation is, I cannot specifically tell you whether yours is a candidate for outside representation or not.

I can tell you that one business I am currently representing would not be under contract, were it not for my Company. The attorney representing the Buyer assumed the deal was dead, until I got involved with City authorities and got the permissions required to keep the ball rolling. We settle on the 25th. I can tell you of another deal where the Seller got twice what he assumed his business was worth, because of our efforts. In the vast majority of cases, our commission is more than paid for by the added pricing and service we provide.

What business are you in? (I am not really asking for a written answer; it is a rhetorical question.) Could your clients or customers do as good a job as you? A GOOD Business Broker is a specialist in his/her field, and brings a lot of experience and knowledge to the table. He/she can do a much better job than the average business owner, because of that special knowledge.

Some people go to their own Residential Real Estate Agents, to do the job. We don't sell houses because we do not have that kind of specialized experience; we don't recommend that a Residential Agent sell businesses. We have a Real Estate License, too; however, our knowledge again is specialized in different ways. Would you have your gynecologist take out your tonsils? He/she is a doctor, right? What's the problem, then?

For that matter, would you represent yourself in court, if you were being sued? Would you do your own colonoscopy? I don't cut my own hair. I don't put new siding on my own house. It is a matter of knowledge, experience and having the right tools.

On the other hand, I told a gentleman last week that he would be better served by not hiring us as his Brokerage. It was a very special situation, and he seemed to appreciate my candor.

It is not an easy question to answer. Good luck.

Aug 17, 2011

Start a Discussion