Business Broker VS Real Estate Agent
Who to trust to sell your hospitality business?
In todays modern times we have seen a huge rise in the amount of Real Estate Agents entering into the business sales arena.
Why you ask?
The bottom line…
To be eligible to be a business broker one must have a current Real Estate licence. This has seen real estate agencies across QLD adding in business sales to their portfolio to increase revenue.
So why choose a broker over an agent?
- Business brokers have an established database and network of business buyers ready to promote your business to
- Brokers screen and qualify buyers to ensure that only successful contracts are entered into, taking into account suitability, experience and ability to finance the sale.
- Brokers can appraise a business to find the true value before listing, ensuring the business has the best chance of selling
- Brokers can assist with all aspects of the sale from landlord approval down to licence transfers to ensure all roadblocks are removed
- Brokers do due diligence on your business, often using internal accountants, before it goes to market to ensure that the contract will not fall over
- Most brokers have owned a business similar to yours and truly understand the nature of the business, assisting them to present the true potential
If I were to put my house on the market, even though I hold a real estate licence, I would use a real estate agent, hands down.
They will come armed with a database of home buyers and internal knowledge of the housing market that, as a broker, I don’t possess.
When considering putting your business on the market, we urge you to ask the questions and find out exactly what your broker or agent is going to do for you.
It is a big decision and one that often comes with a marketing fee, so be sure to know where your money is going before signing, to ensure you have the best chance of a successful contract.
For further information please dont hesitate to contact ali@envisionsales.com.au
