Contact UsWhat is a Business Broker
Business brokers assist buyers and sellers of privately held businesses in the buying and selling process. However not all Business Brokers are the same. We pride ourselves on the fact that we specialize in Business Brokering on a day to day basis. We are licensed to deal in commercial real estate and in commercial mortgages, extremely valuable assets for both buyers and sellers.Why your Business Broker should have a Real Estate License
By law in order to deal in real estate (say sell a business that includes the sale of real estate) you need to have a real estate license.
Having a real estate license means you have access to valuable professional real estate knowledge and services. For example:
- We help our customers with Leasing opportunities
- We represent Tenants when dealing with Landlords
- We Sell Commercial property to investors and business owners looking to add value to their Business.
Why your Business Broker should have a Mortgage Brokers License
It is critical your Business Broker have an understanding commercial financing and lender protocol. The reason is that many deals fall apart due to financing issues - at great cost to both the buyer and the seller. Indeed your broker needs to be able to advise you on which lenders to approach and which lenders to avoid. A Business Broker who has a Mortgage Brokers License:
- Has a working knowledge and relationship with all the major commercial lenders in Canada.
- Is able to advise a buyer on what their chances are of getting financing.
- Is able to advise a seller on what components of their business will effect a buyers ability to secure financing for the purchase of their business.
- Is able to advise a business owner on what their business can afford to purchase in the way of commercial property.
- Is able to advise a business owner on what their business can afford to purchase in the way of commercial property.
Our business selling process generally follows the following steps:
- We review and valuate the business.
- Complete a Business Listing Agreement with the Seller.
- Deploy a complex adverting campaign without disclosing its identity of the business.
- Handle all buyer inquiries. ALL potential buyers MUST complete a Confidentiality Agreement BEFORE any information is disclosed about the business.
- Handle qualified potential buyer interviews, discussions, and negotiations.
- Aid the buyer in the due diligence investigation.
- Aid the buyer in securing appropriate financing for the purchase of the business - (if applicable).
- Help the buyer secure approval from the landlord - (if applicable).
- Complete the necessary documentation for making an Offer To Purchase the Business and generally assist with the business sale in preparation for lawyer review.
- Support the Buyer & Seller, on the possession date, in the final “Walk around”. This would include checking inventory & equipment operation - (if applicable).
business FINANCING tips
News headlines
10 November 2011
When purchasing a business it is important to be clear on all the costs involved in completing the transaction. Specifically, it is surprising how many Read More...
16 September 2011
Business Brokers specialize in helping people buy and sell privately owned businesses. Business Brokers are experts... Read More...
16 August 2011
A Confidentiality Agreement (CA), also known as a Non – Disclosure Agreement (NDA), is a common tool used in Business to protect sensitive proprietary and Read More...
4 July 2011
You have come a long way in the business buying process if you get to the final business inspection stage which occurs just prior to Read More...
3 July 2011
One of the best things you can do to add value to your business is to use your company revenue to purchase commercial real estate. Read More...