What percentage does a broker take in the sale of a business?
Max asked:
I would like to find out how much I should expect to pay a broker/agent to sell my restaurant business in a mall eatery. I’m sure it goes by percentage so what percentage should I expect to pay the broker. Also, does the buyer also pay the broker a certain percentage?
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I would like to find out how much I should expect to pay a broker/agent to sell my restaurant business in a mall eatery. I’m sure it goes by percentage so what percentage should I expect to pay the broker. Also, does the buyer also pay the broker a certain percentage?
Thank you
http://vegas-discount.com/
February 5th, 2009 at 4:29 pm
The percentage you will pay is the percentage placed by a mutual agreement between you and the broker. Check with each broker in your area for an idea of what they will ask for for the services. A buyer can certainly pay for services of a “Buyer Broker” if hired, that is a seperate contract between them.
Good Luck!