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How do I sell my business without a broker?

Kevin Simpson · 5 min read · Last updated: July 2026

The short answer

Owners have three honest routes: sell direct to a known buyer (fast, but one buyer means their price), use a marketplace listing (cheap, but a listing is not a process), or engage a sell-side advisor who prepares the business and runs a competitive buyer campaign. The route determines the price more than the negotiation does.

Route one: sell direct

Selling direct to a competitor, a key employee, or an inbound buyer is the fastest path and the cheapest on paper. The catch is structural: one buyer sets the price, the pace, and the terms. Without competition, even a fair buyer has no reason to stretch, and most of the money owners leave on the table is left here.

Route two: marketplace listing

Online marketplaces are inexpensive and put your business in front of a wide audience. But a listing is not a process. It attracts unqualified inquiries, leaks confidentiality, and puts the burden of vetting, negotiating, and structuring entirely on you, usually while you are still running the company full time.

Route three: a sell-side advisor

The third route is to engage an advisor who works for you, prepares the business, and runs a real campaign that brings multiple qualified buyers into competition. It is not free, but the structure is the point: preparation lifts the price, and competition defends it. The route you pick shapes the outcome more than any single negotiation move ever will.

Related questions.

Yes. Owners can and do sell their own businesses. The question is not legality, it is outcome: a self-run sale usually means one buyer, no competition, and terms you negotiate alone while running the company.

A broker typically lists a business and waits for inquiries, sometimes representing both sides. A sell-side advisor is engaged by the seller, prepares the business first, and runs an active campaign to create competition among qualified buyers.

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