{"id":33,"date":"2017-10-13T20:46:37","date_gmt":"2017-10-13T19:46:37","guid":{"rendered":"https:\/\/www.weybrookbusinessbrokers.com\/news\/?p=33"},"modified":"2017-11-22T10:34:32","modified_gmt":"2017-11-22T10:34:32","slug":"2-questions-i-keep-asked-business-broker-choose-one","status":"publish","type":"post","link":"https:\/\/www.weybrookbusinessbrokers.com\/news\/2-questions-i-keep-asked-business-broker-choose-one\/","title":{"rendered":"The role of a Business Broker"},"content":{"rendered":"

1) What does a business broker do?<\/p>\n

Brokers primarily provide brokerage services for clients who are seeking to sell or buy a business. Usually, but not always they act for the seller.<\/p>\n

At Weybrook our aim is to provide dedicated support to our clients from the moment we are engaged until the deal is completed. We work very closely with all relevant parties including lawyers, financial advisers and directors. Our point of difference is that we don\u2019t go for a large volume of clients, choosing instead to work with a select few, whom we believe we can close a deal for.<\/p>\n

Business brokers perform many duties including:<\/p>\n

\uf0a7 Conducting an evaluation of a business and pricing it with a professional valuation.
\n\uf0a7 Drafting an offering summary, sometimes called a confidential business review. It becomes one of the most important marketing \/ sales documents and is provided to prospective buyers only after they have signed an (NDA)Non-Disclosure Agreement and have been checked by the broker.
\n\uf0a7 Marketing the business to the most appropriate audience whilst maintaining strict confidentiality.
\n\uf0a7 Introducing prospective buyers to the business after insuring confidentiality agreements have been signed.
\n\uf0a7 Facilitating\/attending meetings between the seller and prospective buyers.
\n\uf0a7 Handling negotiations between the parties after an offer has been made.
\n\uf0a7 Assisting the due diligence process. Offers to purchase are almost always made contingent upon a further due diligence investigation.
\n\uf0a7 Ensuring the buyer has sufficient finance to buy the business. If the broker is not a qualified Financial Advisor this does not include financial advice.
\n\uf0a7 Assisting the scheduling of and facilitating the closing of the transaction.
\n\uf0a7 Brokers can also find prospective target acquisitions for clients.
\n\uf0a7 Brokers can advise clients on action plans to prepare their businesses for sale.<\/p>\n

For clients looking to sell businesses go to: https:\/\/www.weybrookbusinessbrokers.com\/sell-my-business\/<\/p>\n

For clients looking to prepare their business for sale go to: https:\/\/www.weybrookbusinessbrokers.com\/preparing-your-business-for-sale\/<\/p>\n

For clients looking to buy a business go to: https:\/\/www.weybrookbusinessbrokers.com\/acquire-business\/<\/p>\n

2) Why did you become a business broker?<\/p>\n

I have always been interested in business and businesses. Throughout my career I have been involved in aspects of M&A (Mergers and Acquisitions), including integrating businesses after a merger, demerging and selling businesses, being part of MBI (Management Buy In) and MBO (Management Buy Out) teams. In addition, I have led business turnarounds and merged operations to create profitable businesses. More recently when considering purchasing myself, I discovered a gap between my expectations and the service the brokers were offering in every potential transaction.<\/p>\n

Put quite simply I am a broker who loves businesses and at Weybrook our aim is that:<\/p>\n

When the time comes for owners of privately held businesses to sell, we help them transfer the business to new owners. We help make that happen by offering dedicated service for a small number of select clients. On completion of an evaluation and agreement to work with a client, we become part of a team looking to achieve the best possible transaction.<\/p>\n

I am passionate about giving my clients an excellent service and I believe that sets me apart.<\/p>\n

At Weybrook we work with privately held businesses with a turnover up to \u00a320m.<\/p>\n

Rupert Trevelyan<\/strong>
\nManaging Director \u2013 Weybrook Business Brokers
\nrupert@weybrookbusinessbrokers.com<\/a>
\nwww.weybrookbusinessbrokers.com<\/a><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

1) What does a business broker do? Brokers primarily provide brokerage services for clients who are seeking to sell or buy a business. Usually, but not always they act for the seller. At Weybrook our aim is to provide dedicated support to our clients from the moment we are engaged until the deal is completed. … Continue reading “The role of a Business Broker”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"yoast_head":"\nThe role of a Business Broker - Weybrook Business Brokers News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/2-questions-i-keep-asked-business-broker-choose-one\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The role of a Business Broker - Weybrook Business Brokers News\" \/>\n<meta property=\"og:description\" content=\"1) What does a business broker do? 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