Who Is a Business Broker and How They Can Help Your Business
                     Who Is a Business 
Broker and How They 
Can Help Your 
Business 
If you have decided to sell your business, 
that means either you are trying to 
emigrate or relocate your business, or you 
are trying to explore a new venture. But for 
selling your business, you need to know 
about the exact person for the job and 
about their job.
So, who are business Brokers? Business 
brokers are the intermediaries between a 
business owner who wants to sell his/her 
business and a prospective buyer who 
wants to buy it. These persons play a 
pivotal role in selling the business and 
provide expert advice to get the sale 
done. 
Duties of Business Broker Include
 They advise the seller on the selling process.
 They structure the method of sale.
 They draft the offering summary, which documents the business on sale, assets, 
financial statements, and liabilities, etc.
 They make the pricing of the business and valuation.
 They market the offer and locate the potential buyers.
 They settle to an agreement and arrange a meeting between buyer and seller.
 In the selling process, they make all the negotiations to make this deal happen.
 They manage the due diligence process. It includes reviewing the licenses, 
registrations, financial statements, Govt approvals, etc.
Business Brokers Fall Into Three Categories 
 A sell-side broker is someone who is engaged by the business 
owner to sell their business
 A buy-side broker works with the medium and large 
enterprises to help them find and buy small businesses that are 
available for selling
 Transaction Broker does not favor any party but assists them 
with needful advice.
If you have 
Business for sell in Ontario, Brokers 
generally make between 8% to 12%. 
It varies in countries. Generally, the 
buyers pay the fees at the closing of a 
transaction. 
A business broker is a trained 
professional who plays a crucial role in 
helping people buy and sell the business. 
Toronto Business Broker will evaluate 
the business, advertise it, and conduct 
meetings with possible buyers.