Service Industries
Business Brokers in the UK - Industry Market Research Report
Business Brokers in the UK - Industry Market Research Report
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Business Brokers in the UK
Brokers benefit in these times as the higher the business's net profit, the higher the valuation, meaning the higher commission earned. However, uncertainty-inducing events like Brexit, COVID-19 and high inflation have severely dented business confidence leading to a dip in business transactions. As a result, industry revenue is estimated to fall at a compound annual rate of 1.6% to £308.1 million over the five years through 2023-24.
Companies in this industry act as intermediaries between buyers and sellers of small businesses. As part of the process, business brokers estimate the value of a business, advertise the sale without disclosing the business’ name, handle negotiations and facilitate others aspects of the sale, including due diligence.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.