Thursday, October 9, 2008

BUSINESS BROKER AUSTRALIA

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The broker provides a conventional full-service, commission-based brokerage relationship under a signed agreement with a seller or "buyer representation" agreement with a buyer. In most states this creating under common law an agency relationship with fiduciary obligations. Some states also have statutes which define and control the nature of the representation.

If you're in the market to buy an existing business, a broker can help you find businesses for sale that fit your parameters, including location, industry and size. The broker will typically charge you a commission of 5 to 10 percent of the purchase price, but the assistance brokers can offer, especially for first-time buyers, is often worth the cost. However, if you're trying to save money, you might want to consider hiring a broker only when you're near the final negotiating phase.
Several national and state associations offer on-going broker training and professional development programs. The American Business Brokers Association, Broker Service Network (BSN), International Business Brokers Association (IBBA), and The Maxbizvalue Network offer initial broker training to individuals who want to enter the profession.
Hurst Partners (previously trading as Hurst Business Brokers) was founded in 2001, with the integration of the businesses of Eastern Regional Business Brokers and Andrewartha Business Brokers. The business has drawn on the strong client service culture of Eastern Regional Business Brokers and the experience with large format retailers (typically with high stock value) of Andrewartha Business Brokers.
As licensed Business Brokers, Hurst Partners deal with sellers and buyers of privately held businesses (with 3 to 50 employees) on a regular basis, and have a wealth of specialized skills and knowledge in the sales process to ensure a successful outcome for our clients.
For further information about our business, visit our website on http://businessbrokers.com.au/
Or for queries you can contact:
Hurst Partners
Suite 4 - 391 High Street
Ashburton Victoria 3147
Australia
Telephone: +61 (3) 9813 8299
Facsimile: +61 (3) 9813 8699
Email: info@businessbrokers.com.au

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