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What is a business broker?

Updated: Jun 27, 2023

A business broker provides advisory services for those seeking to buy or sell a business. Most business brokers are licensed real estate professionals, cpa’s, financial advisors, lawyers, or previous business owners. In most states, a business broker does not require additional licensing to be state certified.

Business brokers provide services like buyer or seller representation which starts with a business valuation. This process can be measured by several key components like cash flow, gross revenue, and other financials found in tax returns.

Most business brokers provide services to Main Street, low to mid-market, and upper-market to mergers and acquisitions. The business broker industry comes with several local and international associations that help with training, designations, and support for those going through a transaction.

Check out IBBA (International Business Brokers Association), Business Brokerage Press, BizBuySell, and M & A Source to learn more about this lucrative industry.

For additional resources related to commercial real estate, visit CoStar Group. For residential, visit Homes. For online commercial real estate auction, visit Ten-X.

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