Business brokers typically charge their fees as a percentage of the sale price of the business. This percentage can vary, but it is usually between 5% and 15%. In addition to the commission, business brokers may also charge additional fees for services such as valuations, marketing, and legal assistance. However in most cases the commission is the largest part of the fee. At Dexterity Partners we work with a range of fee structures to suit the client. We want something that works for everyone and suits your needs of the individual seller and so give options on fee structure.
When working with a business broker, it's important to carefully review their services and fees and to understand the terms of their agreement. It's also a good idea to do your own research and seek the advice of your lawyers or accountants before making any decisions.
In addition to considering the services and fees of a business broker, it's also important to consider the broker's reputation and experience. Look for brokers who have a track record of successful sales and who are well-respected in the industry.