Can You Sell a Business Without a Broker?

Brokers aren't essential when completing the sale of your business. In fact, it's possible to handle the sale of your business yourself and save the broker's commission — typically 10 percent of the

Regardless of whether or not you hire a broker, you'll do a lot of the selling work yourself. Prospective buyers will have questions, and no one knows your business better than you. As a result, the buyer and seller of a business, unlike the buyer and seller of a house, will almost always meet.

On the other hand, using a broker does offer several benefits. Having a broker manage the sale of your business allows you to keep the pending transaction under wraps. This can prevent potentially alienating your customer base, employees, and other important business relationships. Using a broker allows you to focus on running your business until the sale goes through and can save you a lot of headaches.