Business owners in the market to sell may consider employing a business broker for several reasons. First, using a broker can save owners time and energy by allowing them to focus on running their current business, instead of trying to manage the stress of selling in addition to daily responsibilities. Second, since brokers are also involved in helping buyers, they can have numerous resources to find the right buyer for a business.
BizBuySell’s website is a great resource for those seeking brokers. You can start with a state, like searching for business brokers in Pennsylvania, and then narrow your search by city or county. You can then review individual brokers’ licensing and company affiliations.
Brokers in Pennsylvania have the opportunity to become members of the Pennsylvania Business Brokers Association (PBBA). Members can have access to association networks and resources, such as partnerships with law firms and financial institutions.
Pennsylvania business brokers are not required to be members of an association, but they must have a broker’s license issued by the state. In Pennsylvania, this is different from a real estate license and requires specific training in addition to a passing grade on the PSI Broker Real Estate Exam.
Anyone seeking to sell or buy a business can use BizBuySell to find a qualified, competent broker to guide you through the process.
