Home » Business Finance and Investment » Financing and Investment » Financing Organizations » Mergers and Acquisitions Business Brokerages Organizations » The TABB The TABB In Stock Futures Funds Directory

The business of brokering businesses has its roots in England where for the past 250 years Business Transfer Agents have been handling the sale of existing businesses. Newspaper ads and phone directories date business brokers in the U.S. back to the early 1920s. It wasnt until the mid 1940s that major Texas newspapers established a Business Opportunities section in the classifieds. In the 1960s this section was separated into Business Opportunities and Businesses for Sale. By 1970 there were less than 600 business brokerage firms in the U.S. and less than 10 such firms in Texas. Up and through the 1970s business brokerage in Texas, as well as the United States, was for the most part unorganized with no sources of education, no common standards of operation and minimal communication between brokerage firms. Most business brokers came into the business from the real estate field or accounting field and functioned as lone wolves operating in a vacuum from the rest of those in the business. There were no standards for adjusting and presenting business financial information and few if any, common methods for valuing businesses. As a result, the industry suffered a low success rate and a high turnover of agents.

 

Address: 823 Congress Avenue, Suite 230 Austin, TX 78701
Telephone: 512-479-0425
Fax: 512-495-9031
Website: http://www.tabb.org/