What Do Business Transfer Agents Do?

What Do Business Transfer Agents Do?

Posted by on October 31, 2016

 

Also known as commercial estate agents, business transfer agents offer help and advice when a business is looking to expand or reduce the size of their current business. They offer services in the process of buying and selling businesses and will seek the best possible price in both regards.

If you are selling a business the agent will be responsible for all promotion and marketing that needs to be done. They will often produce a prospectus of the business as well as any other items that are included with the sale. A successful business transfer agent will have a wealth of contacts that they can refer businesses to, increasing the amount of prospective buyers and the competition for the sale of a business. All of which help to get the best price possible during the sale.

A business transfer agent will perform all communication with the clients, will set a price on how much he or she thinks that the business is worth as well as how much it should be advertised for.