If you are considering a business broker to help you purchase a business, it is important that you understand exactly what business brokers do, what help they offer, and what you should look for in a business brokerage firm.
What do business brokers do?
A business broker works with you to access your needs and helps you through the buying process. In most cases, the business broker’s fee is a percentage of the selling price and is paid once the sale is complete, either by the buyer or the seller.
It is important to note that most sellers will not allow the broker to give you detailed financial information about a business until you make an offer. Therefore, it is important to make an offer that is reasonable as soon as you know that you wish to learn more about the business. You can always withdraw your offer if you find that you are no longer interested. The broker should provide you with enough information to make your initial offer.
An asset during a transaction
Good business brokers usually prove to be an asset to both the buyer and the seller, saving both parties time and money, by offering advice and consultation, handling negotiations for the sale, answering all questions that either party may have, and walking both parties through the process of buying or selling a business.
Looking for a business broker in Montreal to help you either sell or buy a business? We invite you to contact us today and learn more how we can help oversee the transaction and negotiate a better price on your behalf. Contact us today to schedule a free consultation.