I found the business, Use a business broker? Commission?
GP asked:
I know that when they sell a business they get 10%. Well I found the business myself, and only want to use them to help me through the deal, as I have never done this before. What is a good fee to pay them? He said he would help me write the contract and secure financing. I don’t mind paying a reasonable fee, but how much?
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I know that when they sell a business they get 10%. Well I found the business myself, and only want to use them to help me through the deal, as I have never done this before. What is a good fee to pay them? He said he would help me write the contract and secure financing. I don’t mind paying a reasonable fee, but how much?
March 28th, 2009 at 12:02 pm
Why insert a middle man? Get yourself a good accountant who can look at the books and give you a reasonable idea of the value and help you with the financing - an attorney is needed for the contract.
Some warnings. We use to get logo shirts from company X - they sold to one of their employees. That employee didn’t get the customer list with the company. You need to protect yourself and get a non-compete clause - all the things your accountant and lawyer can get you through.
March 29th, 2009 at 11:50 am
I think professional business brokerage and consulting firm is much convincing for business.
It will much helpful for you to boost your business,
My uncle hired Neumann Associates for his business and got best reward from them