{"id":172501,"date":"2025-04-05T22:14:29","date_gmt":"2025-04-05T22:14:29","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/internet-business\/the-3-best-business-brokers-my-personal-thoughts\/"},"modified":"2025-04-05T22:14:29","modified_gmt":"2025-04-05T22:14:29","slug":"the-3-best-business-brokers-my-personal-thoughts","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=172501","title":{"rendered":"The 3 Best Business Brokers (+My Personal Thoughts)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-ast-blocks-layout=\"true\" itemprop=\"text\">\n<p>If someone tells you they can recommend a business broker for all businesses, they\u2019re full of it.<\/p>\n<p><strong>I\u2019d never trust a generic \u201cbusiness broker\u201d myself.<\/strong><\/p>\n<p>Every industry takes a good decade of experience to figure out. Even within online businesses, there are massive differences between SaaS, ecommerce, infoproducts, affiliate businesses, and agencies. It\u2019s exceedingly rare to find someone that knows what they\u2019re talking about with just two of those online business types. Let alone multiple industries.<\/p>\n<h2 class=\"wp-block-heading\">Use These 2 Rules When Deciding Who To Trust for Business Brokers<\/h2>\n<p>I\u2019ve spent my whole career growing online businesses. I\u2019ve got a great online business broker recommendation for you. But anything outside that circle of competence, I haven\u2019t the faintest idea who to talk to. If you want to buy a franchise business, definitely don\u2019t ask me.<\/p>\n<p><strong>The first rule for finding a good business broker: only trust broker recommendations from people that have at least a decade of experience in that same industry.<\/strong><\/p>\n<p>I\u2019m gonna go out on a limb and assume most of the other blog posts ranking for \u201cbest businesses brokers\u201d probably don\u2019t have that kind of experience.<\/p>\n<p><strong>The second rule: when you pick a broker, choose a broker that specializes in your industry.<\/strong><\/p>\n<p>Markets for different businesses jump around a lot. Take SaaS. In the post-Covid bump, valuations got nuts. First the public markets went insane, then a bunch of IPOs went crazy, then late-stage VC valuations, then all the way down the stack. Selling a SaaS company in the middle of that would have fetched a mighty fine premium.<\/p>\n<p>Well, SaaS valuations were then dragged through the mud as the tech euphoria crashed back to earth. Again, starting with the public markets, the IPO window shut hard, and all the private valuations crashed with it.<\/p>\n<p>The only reason I know this is because I got my career started in SaaS and I continue to pay attention to the market.<\/p>\n<p>Every industry has cycles like this. And if your broker isn\u2019t super tapped in, how are they going to help you get a solid deal done?<\/p>\n<p>They aren\u2019t.<\/p>\n<p>So find a specialist.<\/p>\n<h2 class=\"wp-block-heading\">Best Business Brokers for Online Businesses<\/h2>\n<p>This is the industry where I can give real recommendations, I\u2019ve spent over 15 years building online businesses. You have a few main options, let\u2019s go through each.<\/p>\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/feinternational.com\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"ek-link\">FE International<\/a> \u2013 Hands Down, The Best Business Broker for Online Businesses<\/h3>\n<p>If I was trying to sell one of my online businesses, or dead set on acquiring something, the first phone call I would make is to FE International. I\u2019m not even sure I\u2019d shop around.<\/p>\n<p>These folks have been one of the key online business brokers for well over a decade. I\u2019ve worked with them and know tons of folks that have worked with them too. I\u2019ve only heard great things, not a single horror story or even a small grumbling.<\/p>\n<p>Here\u2019s what I love about them:<\/p>\n<ul class=\"wp-block-list\">\n<li>Just large enough to handle serious acquisitions. But still small enough to be a tight-knit team. You\u2019ll get plenty of attention from them instead of getting lost in a huge pipeline of other customers.<\/li>\n<li>Everyone I\u2019ve integrated with over there has been on top of it. Great communication and followup.<\/li>\n<li>They live and breathe online businesses. So when they talk about valuations, I listen.<\/li>\n<\/ul>\n<p>Years ago, I even met the CEO and founder, Thomas Smale, at a conference. He\u2019s a real standup guy.<\/p>\n<p>I really wish they were paying me to feature them here. But they aren\u2019t.<\/p>\n<h3 class=\"wp-block-heading\">Empire Flippers \u2013 I Won\u2019t Do Business With Them<\/h3>\n<p>I\u2019ll never buy or sell a business through Empire Flippers. I\u2019m not even going to link to them from this blog post.<\/p>\n<p>I\u2019m gonna skip a lot of the details. Short story is we looked at a business for sale via their platform, then got a cease and desist from them. This was a few years ago and I\u2019m still pissed about it.<\/p>\n<p>Do whatever you feel is best for you. But I generally don\u2019t like doing business with folks that threaten to sue me.<\/p>\n<p>A real shame too, they have a ton of great properties for sale. And their platform was solid. Oh well.<\/p>\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.flippa.com\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"ek-link\">Flippa<\/a> \u2013 Good for Low Revenue Businesses<\/h3>\n<p>Everyone buying and selling online businesses has heard of Flippa. I don\u2019t personally use them.<\/p>\n<p>There\u2019s nothing blatantly wrong with Flippa, I avoid it for a few reasons:<\/p>\n<ul class=\"wp-block-list\">\n<li>The businesses that are typically for sale on Flippa are a lot smallerwhat\u00a0 than I\u2019m interested in.<\/li>\n<li>For me, they\u2019re small enough that it\u2019s a better use of my time to build from scratch instead of rolling the dice on an acquisition. That way I\u2019ll know it was built right, I won\u2019t have to worry about some sketchy link building or something biting me later.<\/li>\n<li>There\u2019s a lot of useless junk you have to wade through. People do use Flippa to offload their problem projects.<\/li>\n<li>I\u2019d also be surprised if I was trying to sell a project in their revenue sweetspot. These days, I\u2019m trying to go bigger than that.<\/li>\n<\/ul>\n<p>That said, I do think Flippa is perfect for someone trying to buy one of their first businesses. If you\u2019re using it to build up your expertise with a smaller acquisition, it\u2019s perfect for you. Similarly, if you built up a small site and just want to offload the thing to get on with your life, listing it on Flippa is a great option.<\/p>\n<h2 class=\"wp-block-heading\">What About Other Industries? How Do You Find Business Brokers For Them?<\/h2>\n<p>For me, this problem largely solves itself.<\/p>\n<p>Here\u2019s a spicy take: if you\u2019re not sure who the top 2-3 business brokers are in a given industry, you\u2019re probably not deep enough in that industry to buy a business anyway. I mean, you could. It just isn\u2019t a good idea.<\/p>\n<p>Could I go out and buy some commercial real estate right now? Maybe. Would I get my face ripped off? Absolutely. I haven\u2019t even bought a home yet, I still rent. I have absolutely zero expertise in real estate and shouldn\u2019t go anywhere near it. Same with franchises, HVAC companies, laundromats, restaurants, and a host of other business types.<\/p>\n<p>Look, if you\u2019ve done really well for yourself and buying a new business outside your expertise is a hobby project for you, go have fun! I recently met a woman that bought a Football (soccer) Club for the first time and was super excited to turn it around. (Yes, I\u2019m aware this sounds awfully like Ted Lasso). She didn\u2019t have any experience but she could clearly afford it and was enjoying every minute. Hats off to her. But for the rest of us, we should stick to the areas we truly know. That\u2019s where we have an advantage.<\/p>\n<p>And if you\u2019ve built a business that you\u2019re looking to sell, I\u2019d be surprised if you haven\u2019t stumbled across the key business brokers already. Even if you\u2019ve been super heads down and really don\u2019t know who the key brokers are, you will have industry contacts. Ask around a bit, you\u2019ll quickly see who gets recommended the most.<\/p>\n<p>In other words, as you get into an industry, you\u2019ll naturally stumble across the key business brokers.<\/p>\n<h2 class=\"wp-block-heading\">Enough Lars, I\u2019m Going in Cold and Still Want a Business Broker. How Do I Do it?<\/h2>\n<p>Alright, fair enough. You\u2019re not going to like my answer though.<\/p>\n<p>First, don\u2019t Google around. Most of the sites that rank for business broker terms in Google have no idea what they\u2019re talking about. It\u2019s gonna take a lot more work than that.<\/p>\n<p>Instead, find communities around the business type that you\u2019re interested in. Could be a subreddit, Facebook group, blogs, experts on Twitter (X I guess?), whatever. Once you\u2019re in the community, you\u2019ll consistently start bumping into new experts.<\/p>\n<p>Once you\u2019ve connected with a few industry experts, reach out and ask which brokers they recommend. And if they don\u2019t have personal experience themselves, just ask who the key players are. They\u2019ll likely know.<\/p>\n<p>Yeah, it\u2019s networking and cold outreach. The tried and true solution to starting anything from scratch. It\u2019s not fun but it always works.<\/p>\n<p>The other thing you can do is check out <a href=\"https:\/\/www.bizbuysell.com\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"ek-link\">BizBuySell<\/a>. They\u2019re not business brokers, they\u2019re a platform of businesses for sale. They\u2019ve got all sorts of stuff, Scooter shops, gas stations, marketing firms, etc. And brokers do list their own businesses on the site. Look around, dig into similar listings for the types of businesses that you want, you might start to figure out who the main players in your industry are.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>If someone tells you they can recommend a business broker for all businesses, they\u2019re full of it. I\u2019d never trust a generic \u201cbusiness broker\u201d myself. Every industry takes a good decade of experience to figure out. Even within online businesses, there are massive differences between SaaS, ecommerce, infoproducts, affiliate businesses, and agencies. It\u2019s exceedingly rare [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[18226,907,1140,4538,69054],"dealstore":[],"offerexpiration":[],"class_list":["post-172501","post","type-post","status-publish","format-standard","hentry","category-internet-business","tag-brokers","tag-business","tag-personal","tag-thoughts","tag-top5"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The 3 Best Business Brokers (+My Personal Thoughts) - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=172501\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 3 Best Business Brokers (+My Personal Thoughts) - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"If someone tells you they can recommend a business broker for all businesses, they\u2019re full of it. 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