How do I become a business broker in Missouri?
Unlike real estate agents, in Missouri, there is no license requirements in order to become the broker of a business. When you hire a broker, you're going to give up at least 10% of the sales price as a commission.
What is the standard business broker fee?
Typically, the commission will be anywhere from 8-12% of the total sales price paid at closing. The range of the percentage depends mostly on the business size and its complexity.
What is the purpose of a business broker?
A business broker is an individual or company that assists mainly in the purchase and sale of small, main street businesses. Their tasks include helping companies to secure a favorable price, submit paperwork correctly and fulfill any licensing and permitting requirements.
What should I look for in a business broker?
Questions To Ask Your Potential Business Broker. What's Your Valuation Process? ... How Will You Protect The Confidentiality Of The Process? ... Do You Have Qualified Buyers For Businesses Like Mine? ... What's Your Pricing Strategy? ... How Many Years Of Experience Do You Have As A Broker? ... What Do You Charge?