Top Ranked
Business Brokers

Why These
Business Brokers?

Last Updated May, 20, 2021

Wimgo uses a multi-phase selection process beginning with a holistic review by our data team to check any red flags or unresolved complaints. It then selects its curated list using its expert review team on five main criteria listed below, assigning them numerical values. Finally, it selected the top 18 Business Brokers for Chicago, il.


Reputation

Analysis of all reviews across verifiable platforms to determine overall sentiment.

Expertise

Team experience and knowledge, along with number of years in business.

Service Quality

The quality of service delivered measured by quality, speed, and value.

Consistency

Rate at which the business consistently produce high quality outcomes.

Customer Service

Reputation and quality of customer experience departments.

Top Business Brokers in Chicago - 2021

Lighthouse Business Brokers

Through their years of specialization, Lighthouse Business Brokers has founded a powerful buyer network with thousands of qualified buyers clients that are specifically looking for high-quality businesses in the Chicago and Miami markets. The active buyers in their database include professional investors, private equity firms, and venture capitalists that are always looking for high-quality acquisition opportunities.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
4/5
4.6
out of 5
4/5 | 42 Reviews

SUN ACQUISITIONS

Sun Acquisitions has created a fully integrated procedure that assists their clients to evaluate all of their merger and acquisition options. Their approach starts with an in-depth analysis and strategy session so that you can make a great decision regarding the contemplated revenue or acquisition. They assist with companies across all industry sectors with annual revenue between $2 to $30 million dollars.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
4/5
4.6
out of 5
5/5 | 38 Reviews

American Business Acquisitions

American Business Acquisitions offer services to purchase a company or sell a company in Chicago and across the State of Illinois. Their Chicago Business Broker experts are happy to confidentially discuss all information involved in selling your business and the entire company acquisition or merger process.

Reputation
5/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4.2
out of 5
5/5 | 39 Reviews

SUNBELT BUSINESS

There’s a reason Sunbelt sells more businesses than anyone else in the globe they are experts! Their business brokers are professional experts to help you through every step of selling your company. They understand the energy, time, and resources you have poured into your company; so let Sunbelt ensure you get top dollar for your hard work.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
4/5
4.8
out of 5
5/5 | 20 Reviews

Calder Capital, LLC

Calder Capital is a full-service mergers and acquisitions company experiencing advisory assistance for businesses located in the Midwest across a number of industries sectors. There is a vision to provide the highest level of professional service to help their clients achieve their desired results. Their focus is about far more than just doing the deal.

Reputation
4/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.2
out of 5
4/5 | 29 Reviews

Axial Networks, Inc.

Axial is a private deal team assisting experts who invest, own and advise in North American lower middle-market businesses. Axial’s deal-sourcing and deal marketing skillset tools are used to assist the discovery and execution of transactions that meet the expertise criteria. They reflect how the lowest middle-market transactions get done confidentially and privately.

Reputation
4/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
4/5
4.6
out of 5
5/5 | 38 Reviews

Midwest Group BB.

Midwest Group is established in 1985 and located in Chicago as a business brokerage and merger and acquisition company focused on the small business to lower middle-market segment. Simply put, they help you sell your business. One of the most trusted and experienced business brokers in the midwest, they offer representation to sell your business or assistance through the business acquisition maze.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
5/5
5
out of 5
5/5 | 10 Reviews

Morgan & Westfield

Morgan & Westfield expertise in selling small and mid-sized companies with sales up to $50 million. They have successfully sold businesses in hundreds of industries in the United States and Canada. They assist entrepreneurs in successfully strategieze and execute the sale of their businesses.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.4
out of 5
4/5 | 9 Reviews

Murphy Business & Financial Corporation LLC

Murphy Business is one of the biggest and most successful business brokerage companies in North America. Whether you desire to buy or sell a company, their conveniently based offices throughout the United States and Canada provide business broker expertise that accommodates the diverse requirements of clientele in many industries sectors.

Reputation
4/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.2
out of 5
4/5 | 12 Reviews

Business Broker Network

Business Broker net was established in 1999 and is a growing marketplace for businesses-for-sale and franchises for sale on the Internet. Essentially, BBN is an online advertising service that assists business owners and franchisees sell their businesses by connecting them with prospective buyers. They joined thousands of business buyers and sellers every month.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.4
out of 5
4/5 | 15 Reviews

Transworld Business Advisors

Transworld Business Advisors has purely established in 1979 based in South Florida by Don and his wife Bonnie Parrish. It quickly grew to the highest business brokerage in the United States. For more than 40 years, Transworld has expertise in the sale of businesses, mergers and acquisitions, and franchises.

Reputation
4/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4
out of 5
5/5 | 4 Reviews

Business Broker Experts, Inc

Business Broker Experts, Inc. provides an experienced and confidential way to sell or buy a business. All brokers are registered experts who will confidentially and ethically assist with you every step of the procedure. They are not only a well-known MandA firm in Chicago, but they also currently operate in over 35 states within the U.S. and are expanding.

Reputation
5/5
Expertise
4/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.6
out of 5
5/5 | 2 Reviews

Playbook Corporate Advisory, Inc

Playbook Advisory is an output-oriented business brokerage company located in Chicago. Their specialized members work with businesses ranging in size from $300,000 to $20,000,000 in annual sales. They provide both Sell-Side and Buy-Side representation for company owners in vast industries, including; distribution, retail, manufacturing, and the business service industries sector.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.6
out of 5
4/5 | 20 Reviews

International Business Brokers Association

When it comes time to sell or acquire a company, choose to work with a specialized IBBA Member who will assist you through every step of the process. Look for the Certified Business Intermediary (CBI) designation to identify personals who have met their quality standards for ethics, education, and professionalism.

Reputation
4/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
4/5
4.6
out of 5
4/5 | 26 Reviews

First National Business Corporation

Company owners often thought that if their business did not show a profit, that the company may not be able to sell. The fact is, there are plenty of points that may surprise a company owner that not only shows a profit for the business but a higher market value, and here First National Business Corporation shows services.

Reputation
4/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.2
out of 5
4/5 | 49 Reviews

Midwest Business Brokers and Intermediaries (MBBI)

The Midwest Business Brokers and Intermediaries Association is an experienced network of industry specialist who connects, collaborate,s and are catalysts for the funding, buying, and selling of small and medium-sized companies. MBBI has evolved over the years to include the optimal group of business accelerators. From brokers to lawyers to marketing specialists MBBI staff quickly and decisively add value to your company.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
4/5 | 29 Reviews

SUNBELT BUSINESS

The Sunbelt Midwest group of firm brokers and MandA intermediaries will assist you with all assistance needed when buying or selling a company in Illinois. Their expert staff has the skill set needed to confidentially bring your Illinois business to market. They are also able to advise on the exit strategy and show you the current market value of your company.

Reputation
5/5
Expertise
4/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
5/5 | 32 Reviews

W3 Business Advisors, LLC

W3 Business Advisors is a national merger and acquisition company that serves exclusively with internet-based businesses. Their offices located in New York and Chicago. Their specialized business advisors consider every aspect when measuring your company’s true value including the intangible assets, such as business models, website infrastructure, organic traffic rankings, past or current financial performance, and supplier relationships.

Reputation
5/5
Expertise
4/5
Service Quality
4/5
Consistency
5/5
Customer Service
4/5
4.4
out of 5
5/5 | 5 Reviews

Expert Answers To Common Questions:

  1. Do I have to put an asking price on my business?
  2. How do I keep the sale of my business confidential?
  3. Why should I use a business broker?
  4. Should I use a business broker to buy a business?
  5. What should I look for in a business broker?
  6. How does a business broker get paid?
  7. What questions should I ask a business broker?
  8. Should I enter an exclusive or non-exclusive agreement?
  9. What does a business broker do?
Do I have to put an asking price on my business?

The majority of buyers always want to know what the business’s asking price is. If the price is too high then it is unlikely the business will sell and should it be too low, then the seller did not receive sufficient remuneration for the business. That being said, it isn’t all businesses that come with an asking price. In certain markets, the lack of an asking price can begin a bidding war. Nevertheless, buyers are always aware of the market value before engaging in their bidding war.

How do I keep the sale of my business confidential?

Perhaps the most efficient way to ensure that the sale of your business is kept confidential is to enlist the services of a business brokerage which acts as a third party. Prospective buyers are screened by the business broker and they could sign a confidentiality agreement before they are told which business is up for sale.

Why should I use a business broker?

Using a business broker helps you get the very best price for your business
The sale of your business is completely confidential
Using a business broker can ensure you keep concentrating on running your business
Business brokers are more adept at finding prospective buyers and successfully marketing your business to them
The sale of a business is not always as straightforward as most people believe. Enlisting the services of a business broker can help you handle the paperwork and the details.
The chances of you actually selling your business dramatically improve when you enlist the services of a business broker.

Should I use a business broker to buy a business?

The short answer is yes, you do need a business broker to buy a business. This is for a host of reasons, for one, you gain protection from legal issues when you use a business broker to purchase a business. Additionally, should you have very strict requests on the type of business you want to purchase, a business broker can scour their network to find such a business for you, freeing you from doing tedious work like that.

What should I look for in a business broker?

A good business broker should be the following:
Trustworthy
Given that the business broker will be dealing with quite a lot of confidential information, it makes perfect sense that the one you go with does not reveal any of this information to unauthorised persons. Additionally, it is also important that the conflict of interest between buyer and seller is handled in a prudent manner. This can be done by not revealing what the seller’s bottom line is to potential buyers.
Well connected
It is the duty of a business broker to locate the right business or the right buyer that matches their client’s criteria. A well-connected broker is able to find numerous opportunities from a large pool. It is important to search for brokers that are part of local networking groups, broker associations, chamber of commerce, and more.
Market savvy
A great broker particularly one selling has to be a great marketer, given that they have to be able to market and sell a business to prospective buyers. Being market savvy means being able to have an online presence and actively brand participating in viable social media platforms. They should also be able to develop great marketing materials which can then be presented to potential buyers.
Well organised
Given that a business broker by design wears numerous hats and simultaneously works on various projects, it is important that the one you select is extremely organised. They have to be able to maintain a record of appointments and information ensuring that there is no disappointment when important tasks are handled.
Basic financial and legal knowledge
While you do not expect a business broker to usurp the responsibilities of a financial analyst or a lawyer, they should have at least a basic understanding of financial and legal issues. selling and buying businesses involves being able to understand and address the key issues in these fields. As a minimum, a good business broker has access to individuals with good financial and legal knowledge within their networking cycle.

How does a business broker get paid?

A business broker typically gets paid by earning commissions from completed sales which they facilitate. Apart from that commission they earn, they are also able to work for a retainer’s fee or have an hourly rate. This tends to depend on the brokerage and contract between the client and the broker. The payment could either be a lump sum or installments.

What questions should I ask a business broker?
  • You should ask your business broker if they have experience selling a business like yours and how many times has that been the case?
  • If they work from an office or from home?
  • How do they value a business?
  • How do they prevent competitors and the business’s customers from hearing that the business is up for sale?
  • How many qualified buyers do they have?
  • Is it possible to list the business for an arbitrary price?
  • How many business listings do they have at this moment?
  • Do they help with the preparation of sales contracts? Or do you need an attorney?
Should I enter an exclusive or non-exclusive agreement?

An exclusive agreement means that you only work with a certain business brokerage for a short amount of time, while a nonexclusive agreement means that there is room for competition which could be seen as a motivating tool for the business brokerage. The agreement you choose simply depends on how quickly you are looking to sell your business.

What does a business broker do?

A business broker can be defined as a trained professional enlisted by people looking to buy or sell businesses. A business broker might have a licence to broker; however, this depends on the jurisdiction they practice and operate in. Business brokers are in the business of estimating the value of a business, advertising it, and also conducting interviews with prospective buyers.