I purchased a business listed by a Transworld broker. It's a franchise and the experience will depend on the particular broker. Interview that broker. How many deals have they done? Type of deals? How are they coming up with a value? Have they ever battled a client? Why? What's good is that they have good resources to draw on. They would like to write the deal on their paper (same with Murphy Business Sales). Decline that. It is described as an LOI but in fact, it goes far beyond an LOI.

Would echo what others have said here. Very broker dependent. I've looked at some Transworld deals and once I started trying to scratch the surface to analyze the business, the broker didn't have any additional information and wasn't very familiar with the business at all which wasn't very surprising since he was listing anything from restaurants to gas stations to mattress stores to IT services companies. I would recommend narrowing down your search criteria and seeking out brokers that focus in those areas or at least have a majority of their deals in those areas.