Roles of a Business Broker

Definition of Business Broker: -

Business brokers or intermediaries tend to assist buyers or sellers, in case of privately held business for facilitating the process of buying or selling. Initially, they tend to estimate the business value, and then promote it for sale, keeping the identity confidential. These brokers or business transfer agents are responsible for handling the potential buyers at primary stage, conducting fruitful interviews, negotiations or discussions with them. In a nutshell, they generally assist the buyers with the business sale.

Textbooks on Business Broker: -

Some of the textbooks that can enrich your knowledge about evaluating a business are:

• Successfully Sell Your Business, Andrew Rogerson, 2011.
• Valuing Your Business: Strategies to Maximize the Sale Price, Frederick D. Lipman, 2005.

Examples of Business Broker: -

• Transactional brokers
• Broker services for screen buyers

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