How To Tell A Genuine Business Broker
An Australian business broker, Benchmark, posts a video today on how to tell a “genuine” broker from one who is not. It’s a short video, under four minutes, covering the attributes he sees as present in genuine brokers.
He mentions not charging for advertising up front, about taking the time and trouble to understand your business to form his own opinions on value and about having a marketing plan.
Prices mentioned in the video are, obviously, in Australian dollars. Watch the video.
UK Business Brokers explains how to go about finding the right business broker:
The Right Business Brokers:
are the ones you choose after careful due diligence;
typically charge 2% – 4% of the sale price as their fee;
are matched to the size and sector of your business;
take on a few businesses & give individual attention;
proactively hunt down strategic buyers;
sell more than 90% of businesses they take on;
(+ other factors on which we advise our clients)