What Does a Business Broker Charge?
In commercial business sales Burbank, working with an experienced business broker is the best thing you can do. The right broker will guide you through the process by helping you with analysis, pricing, developing a custom marketing strategy, finding and qualifying buyers, structuring the deal, helping with negotiations and a lot more. You need a broker that has sold businesses similar to yours in order to get the best support from pricing to closing. At So-Cal Business Brokers we are here for you.
What does a broker charge?
In our experience, the much we charge for commercial business sales Burbank depends on a number of things. The main determining factor is the details of the business that we are selling. The cost falls somewhere between 8 and 12 percent of the total sales price. The commission is paid at closing.
The size of your business will significantly determine the percentage we charge. For example, if yours is a multi-million dollar business, the structure of the transaction will most likely be a modified Lehman Formula: 10% paid on the first million, 8% on the second million, 6% on the third million and 4% per million thereafter. Give us a call now and we will help you understand how much you can expect to pay for the sale of your multi-million dollar business. It is also good to note that these rates are negotiable.
Based on the business being sold, an upfront fee can be charged. This ranges from $2,500 to $20,000. The amount of upfront fee you pay will depend on the business being sold, the selling price as well as the business broker in Los Angeles that you are working with. If we require an upfront fee, our business broker will be thorough in explaining why an upfront fee is needed.
Our business brokers at So-Cal Business Brokers are part of several professional business brokerage associations. We also have several acquisition and merger organization affiliations. You can, thus, be guaranteed of the best services in commercial business sales Burbank. What is more is that our firm has sold numerous businesses in various industries. We know what buyers are looking for and will make your business as attractive to potential buyers as possible. We will help you with every stage of the sale and ensure you close fast and at maximum profit.
Do you want to learn more about our service fees or how we can help you sell fast? Please visit our website and schedule a free consultation with one of our experienced business brokers in Los Angeles.