If you’re an aspiring broker, there are a few different ways to get started. Many brokers choose to work independently, while others prefer the proven blueprint of a business brokerage franchise. In either case, it can take 2 to 3 years before you’re well established in your local market. That’s why some aspiring brokers prefer to buy an existing brokerage business for sale.
By purchasing an established brokerage business, you can fast-track your entry into the brokerage industry. What’s more, the infrastructure and relationships you need will already be in place.
If you’re looking to become a broker by purchasing an existing brokerage business, here are a few points you’ll want to consider first.
Choosing the Right Brokerage Opportunity
There are many different types of brokerage businesses. So before you decide to buy a brokerage business for sale, you should think about which brokerage sectors best fit your skills and experience.
Some of the most popular brokerage fields right now include loans, leases, insurance, data, commodities, stocks, and real estate. But if you’re looking for a brokerage business for sale, we suggest starting in the business brokerage sector.
Unlike other sectors of the brokerage industry, the market for business brokers contains startling room for growth. There are more than 1,600 businesses for sale at any given moment for every business broker in the U.S. By purchasing a business brokerage firm, you can take advantage of this largely untapped market.
Franchise vs. Independent Business for Sale
If you’re looking to buy a business for sale, you’ll need to choose between buying a franchised company or an independent business.
As an aspiring business broker, buying a franchise business for sale offers a number of advantages. First, your franchisor can help you learn the ins and outs of how to be an effective broker in your chosen field. Second, they can provide a set of proven processes and materials to use for your business. Plus, they can connect you with experienced business brokers within their franchise network.
Independent brokerage businesses do offer some benefits. For example, some brokers prefer complete professional autonomy. But independent brokerage firms tend to rely on their owners, particularly their business relationships. So if you buy an independent brokerage business for sale, things could quickly fall apart after the original owner’s exit.
A Proven Blueprint for Your Brokerage Business
When you buy a business for sale, you’re buying a proven blueprint and foundation for business operations. In the brokerage business, this is especially important. There are countless ways to operate a brokerage firm, with best practices shifting from sector to sector and market to market. Unless you have prior experience as a broker, you’ll need that blueprint and foundation to succeed.
That’s why so many aspiring business brokers opt for franchise ownership. Whether you’re buying an existing business for sale or starting a brand-new brokerage firm, a franchise can give you the structure, tools, and processes you need for success.
In a field like business brokerage, where six- and seven-figure transactions are commonplace, this kind of blueprint is invaluable. From a marketing perspective, it means that you have the materials and strategies you’ll need to attract clients. And when it comes time to valuate, list, and sell your clients’ businesses, you’ll have a proven, step-by-step process that you can use.
Call (727) 725-7090 today to learn more about franchise opportunities with Murphy Business for sale in your area.