They can expertly value your business, identify potential buyers or sellers, and guide you through the complex legal and financial maze. Market Reach and Access: Forget shouting into the void – brokers have extensive networks, connecting you with qualified buyers and sellers you might never have found on your own.

A business broker is an individual or company that assists mainly in the purchase and sale of small, main street businesses. Their tasks include helping companies to secure a favorable price, submit paperwork correctly and fulfill any licensing and permitting requirements.

Type of buyers: Business brokers may have relationships with a range of potential buyers, including individual investors and smaller businesses. Investment bankers, on the other hand, typically have access to a wider range of potential buyers, including strategic buyers, financial buyers, and private equity firms.