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i am looking for a convenience store to buy. How to find a broker who represents a buyer?

all the businesses that are sale on the web site is represented by their broker(seller). As a buyer is it a good idea to be represented by my broker? how to find a broker that represents a buyer? Besides investment, what are other costs involved in buying a business (convenience store)?
I appreciate for your kind response.
B Joshi

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Answers (13)
Yogendra (Yogi) Sandesara
Consultant/ Director/Broker Network
Harris County, TX

hello Mr. Joshi,
We are located in Texas area. We have several Conv./Gas Station for sale -Seller financing with some Capital for qualified buyer only. If you are serious and interested to purchase business in Texas. We can assist you and can walk through turn key basis Buy/Finance of the business.
Please Contact ASAP.

May 29, 2011
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Sai Hospitality Inc.
Gwinnett County, GA

Dear Mr. Joshi,

We Would be happy To represent You in your endevour to find a Convinent Store.As a Buyer's Broker we will Represent you and safegaurd your interest.

May 28, 2009
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Vested Business Brokers
Senior Business Broker
Suffolk County, NY

Hi B. I would like the opportunity to speak with you, 631-236-8068 Desiree

May 28, 2009
Steven St
World Business Partners, Inc
Los Angeles County, CA

JR JR gave the best advice and what I have found buying businesses for years. It's really hard to find a broker (even if you pay them) who really understands what you are trying to accomplish and you usually will not save any money by paying a broker out of pocket to be your broker. There really needs to be a better system.

I would suggest that you use a regular business broker that you trust and hire the best accountant and attorney that you can afford. That will save you a lot more money and time then trying to find a buyer's broker.

There are a lot of cost that will go into buying any business and it will also depend on the size of the business. If you can post more details we can maybe help you more with cost related to the business.

Hope this helps

May 22, 2009
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Mr. Barrick and I are apparently pretty close to agreement in our comments. His comment about the MLS systems is a bit out of date, because we now have several really good MLS systems on the internet that are open to everybody. I don't believe it was the MLS systems that had the impact he describes, but rather a number of state real estate commissions getting on the consumer protection bandwagon and demanding that agents offer buyer services, while the National Association of Realtors decided that seller agents should share commissions with buyers agents.
We use the same screening techniques he mentioned to test buyers to see if they are really ready to make a purchase decision if we find them something meeting their requirements.
We use the same terms he does when talking about sharing commissions. We will work with and share with responsible brokers who bring us a buyer.
We do have a problem with out of state buyer brokers on deals including real estate because our real estate commission only allows us to share commissions if we are on the same side as the buyers broker, and of course if they are looking at something we have listed we can't meet that requirement.
He is very correct that we must share information about our listings with all potential qualified buyers to meet our obligation to our usual clients, the sellers.

May 22, 2009
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I have a convience store/ gas station business for sale in georgia. Let me know if you are interested.

May 7, 2009
Fayaz Karim, MBA, CA
Subway Valuations, Business Searches
Orange County, CA

I regularly represent buyers in a transaction and even do a targeted search for them for the business they are looking for. It is fee based with an upfront commitment fee and a success fee and a reimbursement of the upfront fee upon acquisition. It works for serious buyers. I find businesses and franchises BEFORE they hit the market for the tire kickers.

Fayaz Karim

Apr 2, 2009
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Better Business Consultant
Business Consultant/Broker
Collin County, TX

I am a business broker, I can represent you, either you are buying business directly from owner, I do have some business also which I can show you, I am specialising in Gas Station/Convenience Store Business. I have several Business In Dallas/Fort Woprth.,
Aamir Askari

Apr 2, 2009
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The BAF Group LLC

With all due respect to Mr. Parker, the same "tire kicker" excuse was made by Residential Real Estate Agents years ago, when the fought the Multiple List system, which virtually forced them to share their commissions with other Agents who brought Buyers to their Listings. Yes, there are tire kickers. But the real problem is that most Brokers will not share their commissions with Brokers representing Buyers. Not that Mr. Parker is wrong; if he has been burned by tire kickers, he should not have to work with Buyers who will waste his time. On the other hand, we work with Buyers, all of the time. And whether we take a deposit from the Buyer depends upon: (A) Whether he/she can be qualified in advance as a "real" Buyer; (B) The kind of business he/she wants to Buy; and (C) Whether we believe we can get another Broker to work with us on one of his/her Listings. We share our Listings and our commissions with every RESPONSIBLE Broker in the area. If we are representing the Seller - which, as Mr. Parker correctly states, we do most of the time - we would do the Seller a terrible injustice by not sharing the Listing, thus reducing the public's awareness of the offering. Because that also reduces the speed with which the business may be sold, and potentially the price that could be commanded through competition. As an example, we asked about a Staffing Company that had been for sale for almost two years, telling the Broker that we had a potential, nationally known Buyer that had been qualifed by a funding source for up to $20 million in acquisition capability. We offered to document that fact, to the Broker's satisfaction. The Broker declined to share commissions with us. The tire kicker scenario may be valid in some scenarios, but our experience is that Business Brokerage simply is not as mature is it yet needs to be. I would suggest that you call anyone you know that might have used a Business Broker and ask for a referral. Just pick up the Yellow Pages. You may get lucky, in your area.

Apr 2, 2009
Leon Parker
New Hampshire Business Sales, Inc.
President - co-owner
Merrimack County, NH

Business Brokers typically represent sellers, and you will probably have a difficult time finding one to represent you as a buyers broker. A lot of us will only represent a buyer if we are paid a retainer up front and if the buyer knows what they want and are ready to make a purchase commitment. There are too many tire kickers out there for us to spend time hoping that we find you something you will buy.
However, if you find a business that looks interesting, and that is represented by a competent business broker, you should be able to get the information and assistance you need from the sellers broker.

Apr 2, 2009
To Be Provided
Loan Officer / Investor
Hennepin County, MN

I am a loan officer, and your better off using a broker you already know, you had a working relationship with before, and they performed for you, other wise making a new broker relationship with out knowing if their lacking communication skill or performance - could waste your time & energy.

I would try, and locate direct sellers if you do not have a working relationship with a broker - or place an advertising for less than $100.00 in your news paper asking direct sellers who own certain businesses to contact you - who may also be willing to assist in seller financing.

And seller price tag - with maybe attorney fees for closing costs, unless your using a broker who you may pay commission at again closing costs. Other wise seller is responsible for what ever costs may be.

Apr 1, 2009
Ari Casper
Petro Business Services, Inc

Dar Mr Joshi,
There are a number of items that you should inquire about in purchasing a convenience store.
There will be costs associated with permits and licensing there will be applications for Beer and Wine sales and requirements for holding those licenses. There will also be costs involved with business insurance, credit card processing, back-end software and inventory controls. There will be a contract to be either negotiated or assumed with a petroleum marketer. The costs of environmental compliance and replacement of hoses, say if a customer drives off with the nozzle in the tank! Someone must check vapor recovery compliance and perform tests for tank tightness. There may be a cost involved with the loan origination for your business. It is good to note that SBA has new requirements for environmental compliance as well as increased debt service coverage ratios for making loans on existing businesses. Ask your broker if they have a list of third party experts from which you may begin to interview potential vendors. Interview like you are hiring because you are.

Mar 31, 2009
Kjerstin Deane
Business Operations Manager
San Francisco County, CA

BizBuySell boasts a large community of buiness brokers. You can locate a business broker in your area by clicking on Find A Broker above and narrowing your search by location. Best of luck in finding the perfect c-store for you!

Mar 31, 2009