Alex Shteriev - Business Broker, Toronto
It is quite often that our clients, or other business intermediaries, are not familiar with the role of business brokers. It is even more common that whenever business owners start thinking about selling their business, they are at a loss who to refer to. Sometimes commercial real estate agents would be called upon to assist in the sale of a business. However, often sales of existing operating businesses fall beyond the expertise of real estate agents. Occasionally, accountants or business lawyers might be involved in leading the business sale. However, in my experience, while their role in the process is vital, it cannot substitute that of a business broker. Below are some of the main aspects of the business broker work:
- Conduct its business with absolute confidentiality and with no disruption to the current business operations
- Work with seller(s) on collecting all relevant business information and independently valuing the business
- Market the business confidentially and only release sensitive business information to pre-screened and pre-approved buyers
- Educate both parties on the business selling process and set expectations
- Negotiate mutually agreeable terms of a deal and conditions between the two parties
- Coordinate between buyer, seller, attorneys, accountants and other intermediaries to assure smooth due diligence process
- Provide post-closing assistance to buyer and assure smooth and successful transition
Alex Shteriev, MBA, Certified Business Intermediary, Business Broker, Sunbelt Business Brokers Toronto. Involved in valuations, marketing, and assessment of business opportunities for over eight years, Alex is a member of the International Business Broker Association and a member of the Real Estate Council of Ontario. Alex specializes in business transactions of companies with value between $500,000 and $10,000,000 and brings experience and successful track record in light manufacturing, distribution and retail, service, transportation and food processing industries.
Prior to joining Sunbelt Business Brokers, Alex held positions as:
- Investment Manager, SEE Capital Management
- Senior Associate, Robert Charles Lesser & Company
- Project Manager, American World Services Corporation
