VR Business Brokers Now in Brevard County and Closing Deals
Melbourne, FL, March 13, 2008 --(PR.com)-- VR Business Brokers is pleased to announce its new office in Melbourne Florida that is reaching 1 year old and already closing multiple transactions.
VR Business Brokers® of Melbourne are independently owned & operated by Business Leaders, Inc. and serves the entire Space Coast areas as well as neighboring counties.
Their CEO is Charles Bantos and he leads a Team of specially trained Intermediaries and has been increasing their market share in the county at a rapid rate.
The company also utilizes the resources of their President Vivian Pena who heads up research and development as well as Quality control for deal structures and business details.
VR Business Brokers has been the industry leader for over twenty years and has the distinction of having sold more businesses in The World than anyone else as per their copyrighted slogan "VR Has Sold More Businesses In The World Than Anyone®". It has set the highest quality standards in the industry, provides the most extensive training program for its Intermediaries, maintains the largest national database of sold businesses to assist in business valuations, and has been rated the number one Business Brokerage in the world for 16 of the last 20 years.
Common Q&A on Business Brokerage:
What is business brokerage?
Simply stated, business brokerage is the process of matching a seller of a business to a qualified buyer. It is similar to real estate brokerage but rather than handling residential real estate, its expertise is in handling the sale of business opportunities.
How far back does business brokerage date?
Though business brokers date as far back as the first business, to our knowledge, business brokerage became a formal profession during the 1700s in England, where they were known as "business transfer agents." In the United States, the profession has one set of roots in the South's Napoleonic legal tradition, under which business licenses were "chance" licenses and business brokers were thus called "chance" brokers. The present-day business broker developed a national presence with the post-World War II movement of the profession from the country's southern states to remaining parts of the nation.
Why is there a need for business brokers?
Because the market determines value, business brokers are the most qualified professionals to perform business valuations. They have the most complete and current information on actual business sales and pricing formulas, and can therefore provide accurate market values. They also have specific training needed to structure deals, negotiate and handle the necessary paperwork.
What services do business brokers provide?
Business brokers provide the following types of services: establishing a confidential selling process; marketing businesses for sale; determining a business' fair market value; finding qualified buyers of businesses; helping clients negotiate and structure their offers; and, assisting through the close.
How do sellers benefit from using a business broker?
Sellers benefit in various ways. The more significant benefits include: the ability to spend their time managing their business during the selling process, thereby keeping their net profit up and maintaining the maximum sales price; the ability to maintain confidentiality about the sale - if employees, customers, suppliers, or competitors find out, the business may not continue to operate at its maximum level and this could lead to a lower sale price; step-by-step assistance through the selling process; and, more exposure which can result in a higher selling price.
How do buyers benefit from using a business broker?
Buyers benefit primarily because business brokers serve as a clearinghouse for listings of businesses for sale, provide invaluable counsel about the selling process, and are experienced in matching buyers' interests and abilities with the right businesses.
What types of businesses are normally handled through business brokers?
Business brokers can assist with non-franchise and franchise businesses. They range from very small "mom & pop" shops to Burger King franchises to multi-million dollar businesses.
What levels of commissions do business brokers charge for their services?
Typically a business broker will charge a commission ranging between 10%-12% of the sales price.