Business Broker for Dentists San Diego – How Much Does It Cost to Sell a Dental Clinic?

When approaching a business broker for dentists San Diego trusts, the question most people have is on how much it will cost to sell their clinic. This is an important question since it helps you know how much you can expect to pocket at the end of the day. However, how much you end up spending will depend on the broker you are working with. That is why in this post, we will be focusing on the amount you will pay to a business broker.

A business broker for dentists San Diego depends on is not the only professional you will need. It is good to understand that. You will need other professionals. These professionals include tax advisors, lawyers, financial advisors, a notary and other crucial figures. The good thing, nonetheless, is some business brokers have these professionals in their employ. This means you only pay a single fee and the broker will find all the experts you need and pay them on your behalf.

Fixed fees

To demonstrate commitment in the sale of your business, some brokers will require that you pay a retainer. This is a fixed fee that is charged regardless of the outcome of the sale. Brokers know when a business owner starts the sale process without spending a single penny, they will not have embraced the sale. As a result, they will be tempted to pull out of the sale at any time. To avoid wasting time, brokers charge a non-refundable fee. In addition to ensuring commitment, the fee is meant to take care of the initial expenses the broker will incur when getting your business ready for sale.

While it is not uncommon to be charged a retainer or fixed fee, it is good to note that not all brokers will deliver on their promise. To avoid losing money, only pay a retainer to a broker with a great reputation. The broker must have a proven track record and come highly recommended. You also need to get everything in writing before paying anything. Keep in mind that there are brokers who will not charge you anything until the sale is closed.

Success fee

These are clearly understood and accepted fees by clients. When you hire a business broker in San Diego to help with the sale of your dental clinic, you will have to pay them a success fee. This is usually a commission. Upon the completion of the sale, the broker will be paid a percentage of the sale price. Typically, the rate ranges from 1 to 10 percent for small transaction. It can be higher or lower. Make sure you negotiate a better rate.

Business Broker for Dentists San Diego

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

Fixed fees

Success fee

The Sales Process