Hiring a professional business broker can make the process smoother and more efficient when selling a business. However, Business brokers Atlanta GA, may charge varying fees based on several factors.
Understanding these cost factors can help you make an informed decision. This article breaks down the variables that affect how business brokers set their fees, giving you a clearer picture of what to expect.
Common Fee Structures Used by Business Brokers
Business brokers typically charge their fees in one of two ways: a commission-based structure or a flat fee.
- Commission-Based Fees: The most common fee structure is a commission, which is a percentage of the final sale price of the business. This percentage usually ranges between 5% and 15%, depending on the complexity and value of the business. In most cases, the higher the sale price, the lower the percentage commission charged.
- Flat Fees: Some business brokers, especially those handling smaller or simpler transactions, may charge a flat fee. It means a set amount is agreed upon at the outset, regardless of the sale price. Flat fees are less common but can be appealing if you prefer a predictable cost structure.