ELI5: Explain Like I'm 5

Business broker

A business broker is someone who helps people buy and sell businesses. Let's say you want to sell the lemonade stand you built in your backyard, but you don't know how to find someone who wants to buy it. A business broker can help you find someone who is interested in buying your lemonade stand.

First, the broker will ask you some questions about your business, like how much money you want to sell it for and how much profit it makes. Then, they'll use that information to try and find someone who is willing to buy your business for the price you want.

If they find someone, the broker will help you negotiate and finalize the sale. They'll make sure everything is legal and that both you and the buyer are happy with the deal.

Overall, a business broker is like a matchmaker for businesses. They help connect people who want to buy a business with people who want to sell one.