Commercial Real Estate Agents selling businesses.

Real Estate Agent · Chicago, IL · Member since 2018 · 5 posts · 1 vote

Are commercial agents capable of selling the business that resides in the real estate?

Back story: I recently closed a commercial transaction. It was a mixed-use property (bar, two apartments). The real estate and the business (bar w/ liquor & gaming licenses) sold separately.

This new property is the same as the property before, with some differences. Bar and two apartments, but it’s owner operated. The owner manages the bar and the two properties above. He owns the liquor & gaming licenses. He owns the business and the real estate.

Are commercial agents capable of selling the real estate and the business? Are these two separate transactions where the broker sells the real estate and the ? sells the business?

Please advise.

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Greg Dickerson
Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
6y
Originally posted by @Blake Mgbada:
Are commercial agents capable of selling the business that resides in the real estate?
Back story: I recently closed a commercial transaction. It was a mixed-use property (bar, two apartments). The real estate and the business (bar w/ liquor & gaming licenses) sold separately.
This new property is the same as the property before, with some differences. Bar and two apartments, but it’s owner operated. The owner manages the bar and the two properties above. He owns the liquor & gaming licenses. He owns the business and the real estate.
Are commercial agents capable of selling the real estate and the business? Are these two separate transactions where the broker sells the real estate and the ? sells the business?
Please advise.

Anyone can sell a business. No license is required. A license is required when you are selling the property for another. The owner can sell there own property without a license.
When selling the real estate and the business you can list them separate in the offering or as one package.

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Joel OwensBusiness Member
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Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
6y
Business brokering can be a low return for the time involved. Most businesses being sold are mom and pop and small pricing in general under 100k to a few 100k or so. Transwestern tend to sell some of the bigger companies in the millions to tens of millions and that is where the larger money to be made is at.

I stick to transacting commercial real estate deals and then being a syndicator for retail value add as a sponsor. Those are my 2 buckets. I stay away from business brokering, property management, leasing, etc. as those tend to be time sucks with lower returns.

Bizbuysell is part of Loopnet and where a lot of businesses are posted for sale.
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