How to find a broker to sell my business?

If you have a franchise and you are thinking of selling it, then choosing a professional business broker is the right decision. Most people often face the question of how to sell my franchise and they all find the answer to this question in a business broker. But for choosing the right broker, you must follow certain steps. So, without wasting much time, let’s check out those steps below –


In what type of business, the broker holds specialization? 

In most states, there is no training or certification required in order to become a certified broker. But, in today’s age, brokers need to hold a license for conducting brokering business in the market. Always choose a broker from a well-established business broker agency. They hold both expertise and experience and so you can expect to avail quality service from their end. 


What are the questions need to ask to find a broker to sell my business? 


If you are planning to hire a broker, make sure you ask him a few common questions. After all, they will have access to your confidential business records. Therefore, asking them a few questions are really important in this respect. 



  • How long have you been in this business? 

  • Do you have a business of your own? 

  • How many businesses have you sold till now? 

  • Is it possible to check out your listing agreement? 


Ask them to provide you with their previous clients’ references. Asking all these things is really very important to judge their reliability and professionalism in this field. 


Fees of a business broker


This is another important factor which should be taken into consideration. Some people may think that the fees of a business broker are too high and therefore, hiring a broker is a costly affair. But it is a misconception. You must talk with a broker or agency to get an idea about their fees structure. 


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