Buyers Agent

Switch Business offers the additional service of acting as a Buyer’s Agent. This differs from the normal sales process for businesses where the broker is engaged by the seller, a value is set on behalf of the seller and a success fee is paid by the seller.

Switch Business would be engaged by you as the buyer, for an agreed success fee, to approach either a specified target business or any business in a specific sector. By using Switch Business for this process, your identity as the purchaser can remain confidential during the preliminary period. Our experience is that we have the ability to engage in discussions with a target who may consider selling, however if they were approached directly by someone, they may consider it to be a threat, and would be reluctant to provide any information.

We would expect that a purchase completed utilising Switch Business as a buyer’s agent would ensure that the net cost of the targeted business would be significantly less than if the business was valued on behalf of the seller and marketed on behalf of the seller.

While offering the services of a buyer’s agent is not the “norm” in the New Zealand market, it is widely accepted in the US, European and Australian markets.

If you wish to have a confidential, obligation free chat or come in for a coffee, contact us today.