Big Picture Deal Terms

Business Broker

A person who helps smaller businesses find buyers and complete a sale. Why it matters: Brokers are often best suited for smaller main-street businesses where buyer sourcing, confidentiality, and practical closing support matter more than a formal auction process.

Related terms

Auction Process

A sale process where multiple buyers compete to buy the company. Why it matters: Competition can improve price and terms, but auctions also require careful confidentiality, preparation, and advisor coordination.

Closing

The moment when the sale officially happens and ownership transfers. Why it matters: This term affects what must happen at closing, how money moves, and how final obligations are documented.

Buyer

The person, company, investor, or fund trying to buy the business. Why it matters: Different buyers value different things, so knowing the buyer type helps an owner understand likely questions, risks, financing needs, and negotiation style.

More from Big Picture Deal Terms

Acquisition Advisor Buyer Exit Family Office Financial Buyer Independent Sponsor Investment Banker M&A M&A Advisor Private Equity Firm Search Fund

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