Tampa Business Broker Michael Shea with Transworld Business Advisors

  Co Brokering…the argument against and the response May 16, 2023  by  Michael Shea PA   (Edit)   Cobrokering in business brokerage refers to the practice of multiple brokers or intermediaries working together to facilitate a business sale. While cobrokering can have certain advantages, there are also arguments against this practice. Here are some common arguments against cobrokering in business brokerage: Lack of Control: When multiple brokers are involved in cobrokering a deal, it can lead to a lack of control and coordination. Each broker may have their own methods, communication styles, and priorities, which can result in confusion and inconsistencies throughout the process. This lack of control may hinder the efficiency and effectiveness of the transaction.   It is certainly true that there can be control issues at play in cobrokering situations. The scarlet letter of C for Control has its genesis in a world of business brokerage that largely exis...

So if you are in Florida and you are selling a business you need to ask the question of broker of where the listings are. If they are not on the Business Brokers of Florida website you got a major impact to your possible sale. If you hear that Bizbuysell is the largest platform...well that is sort of correct but not so in Florida and frankly if you follow my analogy....playing a round of golf with one club is not likely to be an efficient or good score.....bring all the tools to bare and you will see a positive outcome and better score.....watch the video....we were, fortunately, able to get the deal under contract in 24 hours #business