NAICS Code 561499-01 - Business Brokers

Marketing Level - NAICS 8-Digit

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Contact Emails: 5,122
Company Websites: 972
Phone Numbers: 1,088
Business Addresses: 1,464
Companies with Email: 962
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NAICS CODE 561499-01
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NAICS Code 561499-01 Description (8-Digit)

Business Brokers are professionals who assist in the buying and selling of businesses. They act as intermediaries between buyers and sellers, helping to facilitate the transaction and ensure that both parties are satisfied with the outcome. Business Brokers typically work with small to medium-sized businesses and have a deep understanding of the market and industry trends. They provide a range of services, including business valuation, marketing, and negotiation.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 561499 page

Tools

Tools commonly used in the Business Brokers industry for day-to-day tasks and operations.

  • Business valuation software
  • CRM software
  • Marketing automation tools
  • Financial analysis tools
  • Legal document software
  • Project management tools
  • Data analytics software
  • Social media management tools
  • Email marketing software
  • Customer survey tools

Industry Examples of Business Brokers

Common products and services typical of NAICS Code 561499-01, illustrating the main business activities and contributions to the market.

  • Mergers and acquisitions
  • Business consulting
  • Exit planning
  • Franchise sales
  • Business financing
  • Business appraisal
  • Business succession planning
  • Business restructuring
  • Business development
  • Business marketing

History

A concise historical narrative of NAICS Code 561499-01 covering global milestones and recent developments within the United States.

  • The "Business Brokers" industry has a long history dating back to the early 1900s when the first business brokerage firms were established in the United States. These firms were primarily focused on helping small business owners sell their businesses to interested buyers. In the 1950s, the industry experienced significant growth due to the post-World War II economic boom, which led to an increase in the number of small businesses being established. The industry continued to grow in the 1980s and 1990s, with the emergence of new technologies and the internet, which made it easier for business brokers to connect buyers and sellers. In recent years, the industry has seen a shift towards more specialized services, such as mergers and acquisitions, and an increased focus on providing advisory services to clients. In the United States, the "Business Brokers" industry has experienced significant growth in recent years, driven by a strong economy and a growing number of small businesses. According to a report by IBISWorld, the industry has grown at an annualized rate of 3.7% over the past five years, reaching a total revenue of $1.3 billion in 2021. The industry has also benefited from the increasing number of baby boomers who are retiring and looking to sell their businesses. In addition, the industry has seen a shift towards more online services, with many business brokers now offering virtual consultations and online listings. Overall, the "Business Brokers" industry in the United States has a bright future ahead, with continued growth expected in the coming years.