How Do Business Broker Services Work?

We wish that buying or selling a business was as simple as holding a sign on a street corner, but it’s significantly more complex. This is why smart business owners use professional business broker services such as those provided by Murphy Business.

Business broker services from an experienced, reputable firm are worth their weight in gold! For instance, Murphy Business understands all of the marketing, financial, and legal tasks necessary to accommodate business buyers and sellers. This knowledge allows us to successfully complete transactions to satisfy the needs of each of our clients.

Business Broker Services are All About Relationships

Buying or selling a business involves many complex transactions. To do it right, your business broker should help you get the best value for every dollar spent on buying a business, or the highest profit when you sell your business. This depends a great degree on having well-established relationships with a wide range of professionals. Ideally, business broker services include connecting clients with prospective buyers and sellers in a wide range of industries and business types.

If you are selling a business, you’ll benefit from the knowledge and experience of our business brokers. We specialize in the sale of businesses, so we have a depth of knowledge not often found with other real estate or sales firms. We’ll provide seasoned advice and guidance while connecting you with buyers who are ready to move forward with the transaction.

If you are buying a business, Murphy Business has access to listings of thousands of businesses for sale. Many of which are not publicly advertised. When you use our business broker services, you will have plenty of choices to sort through to satisfy your purchasing interests and desires.

A good business broker will also have excellent relationships with accountants, financial advisors, bankers, real estate agents, attorneys, and others. The reason? A typical business sale requires the input and assessment of a variety of professionals who will provide specialized expertise and help move each transaction forward.

Of course, the key relationship provided by business broker services is the relationship between the individual client – whether buyer or seller – and the brokerage team. Most brokers have experience buying and selling businesses of their own and having “been there, done that” they know the right people and have the right connections to make a business purchase proceed smoothly. You can trust their judgment and advice.

The Business Broker Service Process

The business broker service process generally follows a systematic procedure. First and foremost is gaining an understanding of the personal needs, interests, and desires of each client. Then, our business brokers can proceed with recommendations, tweaking of the recommendations based on your input, and acceptance by and execution of the process that will result in a closed deal.

Here are the steps that you might expect to SELL A BUSINESS:

  • Initiate a non-disclosure agreement with owner
  • Examine business financial data and determine fair market value
  • Prepare an informational package describing the business
  • Create a custom marketing plan
  • Confidentially market to prospective buyers through global networks
  • Qualify prospective buyers based on financial capability and seriousness
  • Evaluate offers and negotiate terms
  • Consummate the transaction in conjunction with the seller’s tax and legal advisors

We may tap into multiple sources of financing to assist a business purchaser so that the seller doesn’t have to provide any financing.

Get Closer to a Sale with Business Broker Services

With our extensive network of business contacts, our practical system for selling and buying businesses, and our proven successes since 1994, our business broker services are well worth checking out.

We are here to give you personal attention and close professional guidance to ensure your business sale or purchase transaction runs smoothly.

Learn more about our business broker services, by calling (727) 725-7090 or contact us here.