What type of brokerage specializes in assisting small business owners in buying or selling their business?

The type of brokerage that specializes in assisting small business owners in buying or selling their business is business brokerage. Business brokers are professionals who facilitate the buying and selling process for businesses, typically focusing on transactions involving small to mid-sized businesses. They provide valuable services, which include business valuation, marketing, and negotiating the sale or purchase, ensuring that both buyers and sellers navigate the often complex processes involved in transferring ownership.

Commercial brokerage, while it deals with commercial properties, generally focuses on real estate transactions rather than the sale of standalone businesses. Franchise brokerage pertains specifically to the sale and management of franchise businesses, which is a different aspect of the business landscape. Residential brokerage focuses on residential properties, involving transactions related to homes and apartments, rather than businesses. Therefore, business brokerage is the specialized field that directly addresses the needs of small business owners looking to buy or sell their enterprises.