Updated January 05, 2022
The business listing agreement is a contract made with an owner and an agent that pays a commission based on the final sales price. The agent is hired to market the business in order to achieve the highest sales price possible. The owner may also include other assets such as equipment, property interest (such as real estate or a lease in place), training after the sale, and anything else that would help procure the sale.
Average Commission (%)
Business brokers generally charge a higher rate than standard real estate agents due to businesses being more difficult to sell. According to ExitPromise, a business broker will commonly charge up to 10% for and/or a minimum fee (between $5,000 to $10,000). For larger businesses, upfront fees (retainer) may be charged due to the amount of financial work and verification.