Tampa Business Brokers provides buyer representation to help clients find and purchase the businesses that meet their specifications. Typically, a buyer hires TBB to do the research and legwork to locate a property that is not advertised for sale but is nevertheless available and fits their needs. In other cases, a buyer has a specific business acquisition in mind and hires TBB to investigate the possibility of making a deal.
As a buyer’s representative, the TBB team may also know of “pocket listings” that meet the purchaser’s criteria. A pocket listing is a property that is for sale but has not been advertised via the typical channels. This helps protect sellers who want to keep a sale confidential until an agreement is in hand.
When TBB represents buyers, it not only works to find the businesses that clients are seeking but also negotiates on the clients’ behalf once they decide to move forward. The brokers at TBB are experts in business properties and utilize the most up-to-date research tools available. They look at market trends on both a local and national scale to determine whether a business is a promising investment for their clients.
Familiarity
Familiarity with the Tampa area business community is a distinct advantage for buyer representatives whose clients are local. The TBB team knows the area and has worked with business owners within many diverse industries. TBB’s associations with other brokerage firms in the region provide insider information that often translates into a competitive edge.
When it comes down to closing a deal, buyer representation is critical. TBB works hard to procure each business property at the best price and most accommodating terms for its clients. When purchasers have no buyer representation, the seller’s agent may take advantage of their limited experience, and this raises the price of the acquisition. TBB has an exemplary record of success in representing buyers. In one instance, TBB located a property for a buyer interested in purchasing a restaurant. The business was in a prime location and had recently closed. With the help of TBB buyer representation, the purchaser picked up this property, fully equipped, with little expense other than the broker’s fee and building rental.
Working with a brokerage firm that is tuned into the local business scene is invaluable in such situations. Securing buyer representation from TBB is the smartest move a buyer can make in the search for the ideal acquisition.