1. How long does it typically take to kick off a business sales campaign?
Generally, two weeks to a month, depending on how quickly Seller can provide requested information.
2. How long does it take to sell a business?
It can vary significantly depending on the attractiveness of the business, whether the buyer requires financing and whether there are regulatory hurdles.
In one case, we had a $6 Million priced opportunity under an LOI within one month and closed three months later with SBA financing.
In another case, it took a year to close, but the seller had rejected several good offers while holding out for a better one.
3. Do you charge up-front fees to Sellers?
We require an up-front commitment fee, but the amount is typically less than 5% of the expected commission on a closed transaction.
4. Do you work with other Brokers on a referral or co-brokerage fee sharing arrangement?
We will consider working with other brokers when we are comfortable that the particular broker brings value and can maintain the confidentiality expectation.
We typically reach out to other brokers we have experience with when we have a new listing.
5. Do you take fees from both Seller and Buyer on the same transaction?
No, we do not. When we are representing a Buyer under a search campaign, we will make that clear to the Seller.
