Buying or selling a business can be as complicated or simple as you want it to be. Whether you’re a seasoned investor or a business founder, by far the quickest and easiest way to invest in or sell an established, successful company is through a professional business broker.
If you’re new to the process of buying or selling businesses, read on to learn some of the reasons why you should consider using a broker rather than navigating the process on your own. Then browse through our curated list of the best business brokers in New York, and you’ll be on your way to closing that deal in no time!
Whether you are a business owner looking to retire, or are just ready to move on to your next venture, the right broker can help connect you with a list of potential buyers who are in the market for a business exactly like yours. A broker can help you evaluate the financials of your business to calculate the fair market valuation. They can also facilitate the negotiation process to ensure you’re satisfied with the deal.
Many business brokers and advisors are former entrepreneurs themselves. You’ll have the peace of mind working with someone who’s been in your position and can draw from their personal experience of founding, growing and selling a business of their own.
Every savvy investor knows that establishing a strong relationship with a business broker can open a lot of doors. A broker can provide access to businesses up for sale that you wouldn’t have known about otherwise. When they know you are a serious buyer, and understand exactly what types of business you’re in the market for, they can connect you with sellers based on your personal preferences.
Trust between the buyer and seller is essential to a successful deal. A business broker can vet the sellers by analyzing their businesses including past profits and future potential. This saves the buyer time they would have to spend on due diligence before making an offer. Working with a broker helps minimize the risks involved in the transaction, and results in a faster, more streamlined sales process.
These days, a business broker isn’t strictly limited to serving clients within a single physical location. But if you’re looking for one in the New York area, we’ve narrowed down our top 10 options below.
If your New York business operates entirely or mostly online, Website Closers should be your top choice for a business broker. Their expert consultants are focused on the technology, internet and digital space, so this is a one-stop shop for anyone selling or buying businesses in those markets. Website Closers brokers every type of online business, including SaaS, digital marketing agencies, e-commerce, and more.
Each broker has hands-on experience in the digital space, so they have a unique understanding of the industry that helps them match business owners with the right buyers as quickly as possible. Website Closers offers each seller a full business analysis, so you’ll have all the numbers ready and be prepared to answer any questions they have before making an offer. If you’re looking for a hands-on broker who can streamline the sales process and close the deal, Website Closers is a solid choice.
Working with Empire Flippers means you’ll gain access to one of the largest marketplaces of potential buyers and businesses for sale. Whether you’re a New York business owner looking to sell your company to the highest bidder, or a potential buyer on the hunt for the best investment opportunities, you can target your search at Empire Flippers to find exactly what you’re looking for.
As a business broker, Empire Flippers offers both buyers and sellers various resources to support every stage of the transaction. For buyers, this includes an educational portal with an interactive due diligence checklist and a number of ROI case studies. Sellers can use their valuation tool to determine a price to list their business, and of course the brokers at Empire Flippers will help negotiate the deal for you.
Synergy Business Brokers is an award-winning mergers and acquisitions (M&A) firm that focuses on technology, manufacturing, construction, healthcare, transportation, and engineering. This hands-on brokerage offers a free consultation to interested business owners considering selling their company.
If you have a New York-based business or are looking to acquire one, you’ll want a broker with boots on the ground who already has established connections with local businesses. They also work with buyers overseas who are interested in acquiring a business in New York. Synergy Business Brokers has the expertise and local knowledge to lead the way and guide you smoothly through the sales process.
More than just a business brokerage, Transworld Business Advisors also provides franchise consulting and franchise development for business owners. With 40+ years of experience and over 10,000 businesses sold, this brokerage can help you overcome any obstacles or doubts you have about selling or buying a business.
From finding the right buyer through their network to taking care of the post-sale transition, Transworld Business advisors will manage all the details to close the deal. Buyers also have the benefit of working with an advisor who will help you find the perfect business, gather the details you need to draft an appropriate offer, and assist you with any post-closing requirements to complete the transition.
A traditional M&A firm specializing in mid-market companies with up to $10 million in earnings, Morgan & Westfield has closed deals for clients in over a hundred different industries, with sellers and buyers spanning across the globe.
Despite their wide reach, they offer a tailored approach for each client, matching business owners with specific expertise in that industry. With a diverse team of brokers who have previously managed or owned their own companies, you will be satisfied with the service and value you’ll get with this brokerage.
If you’re looking for a smaller, more boutique broker that offers a more personal approach, Business Brokers New York (BBNY) might be the perfect fit for your needs. Serving the mid-market sector, this full-service advisory and intermediary handles all aspects of your confidential sale, merger, acquisition, as well as the valuation of your business.
The brokers at BBNY have expertise in various industries, and the highest ethical standards to ensure all the details of your sale and any sensitive proprietary information will remain confidential throughout the process. From your first consultation to the transition of your New York business, BBNY will be in your corner.
For more than 20 years, A Neumann & Associates has been helping business owners and buyers transfer business ownership through mergers and acquisitions. Located in New Jersey, just south of New York City, this brokerage is close enough to maintain local connections and stay up-to-date on the state of the business economy within various industries.
A Neumann & Associates pre-qualifies every potential buyer with a comprehensive review of their financial statements and investment objectives. They also review potential sellers by doing a thorough business valuation and offer professional preparation for negotiation of the sale.
With decades of experience as business owners, investment bankers, and accountants, the brokers at Raincatcher will guide you through every step of the sales process. The team is comfortable with larger, highly successful businesses, which are most suitable for their “investment banking” style of facilitating mergers and acquisitions.
Founded in 2011, Raincatcher has a solid history of securing successful deals across the United States. While they specialize in New York City and the surrounding areas, their remote approach allows them to support buyers and sellers nationwide in more than 20 industries.
With more than 20 years of experience, Inbar Group is one of the top full-service business brokerage firms in the region. They’ve managed sales within various industries, including healthcare, manufacturing, hospitality, distribution, consumer goods, HVAC, technology, and more.
After establishing the fair market value of a business, the team at Inbar Group searches through their vast network to select targeted buyers serious about investing in that specific type of business. This personalized process ensures a smooth, successful sale that satisfies both the buyer and seller.
While Murphy Business has several locations throughout the US and Canada, their Manhattan office serves business owners and potential buyers in the New York area. In addition to their business brokerage services, they also have experienced commercial real estate brokers and offer equipment appraisals for those selling machinery or other equipment as part of their business.
Equipment appraisal is just one aspect of the complete business valuation service provided by Murphy Business Sales. This expert broker connects sellers with potential investors worldwide, and manages every aspect of the sales process, even for complex businesses with many moving parts.
The best way to streamline the process of buying or selling a business is to choose the right business broker. No one knows your business as well as you do, but enlisting a broker can help you assess the value of your business, take care of the transactional details, and ensure that you’re getting the best possible deal in the process. You can’t go wrong with any of the New York brokers on our list, but ultimately the decision is up to you.
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