how much do brokers charge to sell a business?

[niyati]

I'm currently exploring the idea of selling my business and was wondering what the standard broker fees are. Do brokers charge a flat fee, or is it usually a percentage of the sale price? Also, are there any hidden costs or additional services I should be aware of when working with a broker?

 

[inshya]

Brokers typically charge a commission of 5% to 12% of the business’s selling price. The exact fee depends on the business size, industry, and complexity of the deal. Some brokers may also charge upfront fees or retainers for marketing and valuation services in addition to the final success fee.

 

[Gsusangrey]

Business brokers typically charge 5-15% commission on the sale price, often with an average of 10%. Fees can also include upfront costs or retainers, especially for larger businesses.

 

[danisjohn]

Business brokers typically charge a commission of 5% to 10% of the final sale price. Some may also require an upfront retainer or a minimum fee. Rates vary based on business size, industry, and broker experience. Always review the agreement carefully before committing to a broker’s services.

 

[brook]

The commission fee charged by business brokers is 5-15 percent of the sale amount, on average, 10 percent. There are also upfront costs or retainers that can be charged as fees usually in case of bigger establishments.

 

[Emly]

Brokers typically charge a commission of 8% to 12% of the final sale price to sell a business. The exact fee can vary based on the size and complexity of the business, with smaller businesses often facing higher percentage rates. Some brokers may also require a small upfront fee to cover marketing and listing expenses.