Real estate agents are small business owners in the purest sense. We must navigate our business through difficult times, deal with reductions in commissionhandle demanding clientsand fight off competition from hundreds of agents in our market. During this process you will also create your businesses core values and brand promise. This is how your clients will see you and how they will describe you when they are giving your name to their friends and neighbors as their trusted real estate referral.
Strategic Analysis with current research! The Business Brokerage, Inc. The Company was founded in by John Doe.
On behalf of its business client, the Company will also source and manage third party valuations for its business selling clients.
It is imperative to establish a fair market value for a business that is to be sold. The third section of the free business plan will further describe the services offered by the Business Brokerage.
The interest rate and loan agreement are to be further discussed during negotiation. At all times Management will act as a responsible fiduciary agent of the client, and will work tirelessly to place a buyer with our selling client.
Doe has more than 10 years of experience in the business intermediary industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target small and medium sized business owners within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
Doe may seek to sell the business to a third party for a significant earnings multiple. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. The brokerage will act in a general capacity with the ability to sell any business to a third party investor, business owner, or private equity firm.
This will provide both sellers and buyers with a complete examination of the business, and a value for negotiation. The third party valuation experts chosen by management will have specific industry expertise.
In this section of the free business plan, you should further describe the products and services that you intend to offer to your customers. If you need to add more product categories, please consult the instructions that were included in the BizPlanDB. Currently, the economic market condition in the United States is moderate.
The meltdown of the sub prime mortgage market coupled with increasing gas prices has led many people to believe that the US is on the cusp of an economic recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
In the United States, there are approximately 5, companies that act in a business brokerage capacity.
Before starting a new brokerage, a company must establish its license in the jurisdiction from which it will operate. Each state has different rules pertaining to the business brokerage industry, with some states requiring no registration to certain states such as California requiring several licenses and regular disclosure of transactions.
The Business Brokerage will have an attorney file all necessary licenses and papers for each new jurisdiction that it operates. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.
The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Business Brokerage.
Management intends to frequent a number of trade shows specifically geared towards specific industries.This is a business plan for a Business Brokerage. The business plan follows a 7 chapter format: Chapter 1 - Executive Summary - This part of the business plan provides an introduction for the business, showcases how much money is sought for the company, and acts as a guideline for reading the rest of the business pfmlures.com: TheFinanceResource.
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What is Business Brokerage? A business broker is a professional who assists in the buying and selling of businesses, helping to connect buyers and sellers while also acting as .
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Our plan is to position the business to become the leading brand in the Forex brokerage services line of business in the whole of Nevada, and also to be amongst the top 20 Forex brokerage firms in the United States of America brokerage the forex 10 years of fully launching the business.
In states where a business brokerage firm must also be a licensed real estate firm, you will generally have to obtain your real estate sales license and then work for a real estate broker for a prescribed period of time until you can become a licensed real estate broker.