A: Business brokers represent the seller. Their role is to help business owners secure the most favorable price for their businesses. They serve as the liaison between the seller and buyer and guide owners through every phase of the business sales lifecycle from business valuation and marketing, to selecting viable buyers and guiding negotiations to successfully close deals.

A: A Business broker vets prospective qualified buyers to separate the serious buyers from “tire kickers” that can waste your time. Selling a business is an extremely emotional process they help sellers focus on what’s important and guide the process make sure decisions serve their clients’ best interests.

Confidentiality is key when selling a business so brokers make potential buyers sign non-disclosure agreements to protect the seller’s relationships with employees, vendors and suppliers.

Between the time you save, and the purchase price an experienced broker can help you achieve, working with broker can significantly increase your return on investment.

A: A Colorado business broker fee for service typically ranges between 7% to 15% of the business’s total sale price. this fee is usually collected at the closing of the sale, and in most transactions is split between the buyer and seller.

In some instances, fees can be flexible based on the circumstances. Overall, the benefits of having an experienced representative far outweigh the expense. Their role is to help you secure the best possible price, so remember the more your business sells for the more money your broker realizes out of the deal.