A business brokerage firm, also known as a business transfer agency, specializes in helping individuals or companies buy or sell existing businesses. They assist in the negotiation process, provide market analysis, oversee due diligence, and manage the transaction process. Business brokers typically earn a commission or fee based on the sale price of the business. They can work with businesses of various types and sizes, providing services such as business valuations, marketing, negotiations, and due diligence. The commission rate usually ranges from 5-15% depending on the size and complexity of the transaction. While some business brokers focus on specific industries or business types, others offer a broader range of services to buyers and sellers.