Business brokers and M&A advisors typically charge a success fee (commission based on sale price) and may also charge retainers (upfront or monthly fees). For businesses under $1M revenue, expect a 10% success fee. For $1M-$25M revenue, double Lehman pricing (scaled percentages) is common. Over $25M revenue, a flat 2-4% success fee plus retainers. Fee structure depends mainly on company size.
Owners who would like to better understand the fees and associated structures of an MnA transaction
Business Broker Fees | MidStreet University
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