A business broker is a professional who assists in the buying and selling of businesses. They act as intermediaries between buyers and sellers, helping to facilitate transactions and ensure that both parties achieve their goals.

Characteristics
– Expertise: Business brokers have a deep understanding of the market, valuation techniques, and the buying and selling process.
– Confidentiality: They maintain confidentiality throughout the transaction to protect the interests of both buyers and sellers.
– Negotiation Skills: Business brokers are skilled negotiators, helping to bridge the gap between buyer and seller expectations.
– Network: They often have a broad network of potential buyers and sellers, as well as connections to other professionals like attorneys and accountants.

Examples
– A business broker might help a retiring owner sell their restaurant by valuing the business, marketing it to potential buyers, and negotiating the sale.
– If a company is looking to expand through acquisition, a business broker can identify suitable targets and facilitate the purchase process.