What is Co-Brokering?
The Short Answer
Co-Brokering explained simply
Co-brokering happens when two business brokers team up to sell a business. One broker works for the seller, helping them prepare the business for sale and find buyers. The other broker represents a buyer, helping them find suitable businesses and negotiate the purchase. When the sale goes through, they split the commission.
Real-World Example
The Coffee Shop Sale
Imagine a coffee shop owner wants to sell. Their broker lists the business. A buyer, working with a different broker, sees the listing. The two brokers then work together to get the deal done. Once the coffee shop sells, the commission is split between both brokers.
Why this matters
Co-brokering can help sellers reach more potential buyers. It also gives buyers access to a wider range of businesses. This can lead to a faster sale and a better outcome for everyone.
Co-brokering can expand your reach as a seller. More brokers looking means more potential buyers seeing your business. Make sure your broker is open to working with others.
Co-brokering can expand your reach as a seller. More brokers looking means more potential buyers seeing your business. Make sure your broker is open to working with others.
Need expert guidance?
Don't navigate the buying process alone. Connect with a verified expert to help you find and close the right deal.
