Tuesday, July 1, 2014

How to Buy Commercial Property

According to reports from the International Data Corporation, small businesses in the United States provide 60 to 80% of all business opportunities. Such statistics can make owning a business seem like an attractive option. Unfortunately, buying a business or purchasing commercial property for sale can often be fraught with difficulty.
Buy a commercial property
 
Statistics show that estimated 90% of all business sale transactions in the United States fail. However, buying and selling a business can be made easy by hiring a business broker. Business brokers offer a number of services for those who are looking to buy a business or have commercial property for sale. They primarily advertise businesses for sale and market these business investment opportunities to potential buyers, but also help arrange the sale itself by helping to create an open line of communication between the buyer and seller. They may also help negotiate the sale of the business for the party offering commercial property for sale and draw up the necessary paperwork. Because of the varied nature of their work, business brokers are often referred to as "business transfer agents" or "intermediaries." Additionally, in some states, including Florida, business brokers are required to hold a real estate license to practice their trade legally. This means that they are trained to facilitate property sales and can provide a better chance at a successful business sale for both the buyer and the seller. Don't risk losing out on the chance to own your own small business: hire a business broker.

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