Business Broker

Yes, business broker. And then it, uh...fixed her.

Just like you might hire a real estate broker to sell your house, business owners hire a business broker when they are ready to sell. These professionals also work with those who are looking to buy a business.

Usually working on full commission, a business broker can help determine the right price, market the business, find a buyer, make sure all the financial records are in order, arrange inspections, and help obtain such things as the all-important liquor (and other) licenses for the buyer. The commission charged is higher than that for a residential sale, usually ranging from 10-15% of the selling price.