Obviously, you should ask any other questions that concern you. Business brokers should be able to bring you prospective buyers that you would not be able to get on your own.

Other Points to Consider

Broker Commission rates will normally vary between 10 to 12 percent, but they are, by law, negotiable. Many firms also have a minimum fee for small businesses.

Some may ask for a small retainer or up-front fee or advertising costs. We recommend not working with a broker that asks for a fee up front. Each firm has their own policies.

It is important that you work with an individual with whom you feel comfortable and who impresses you with their ability to sell your business.

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Answers

1. Citadel Business Brokers markets businesses in a number of ways:
• Local web site(s)
• National web site(s)
• Selected and specially designed newspaper ads
• Business to business network referral sources
• Co-brokerage agreements
• Citadel Business Brokers National Network of Offices
• Trade Publications are also sometimes used Back to Top
  
  
2. Citadel Business Brokers will work with you to collect the data needed to perform a fair market value for your business. This is done with specific criteria and data which is analyzed to provide a comprehensive written package.
   This marketing package will include narratives and substantiated financial data used to defend and negotiate a purchase price with potential buyers. Back to Top
   
   
3. Showing businesses is a confidential process which Citadel Business Brokers takes very seriously. Buyers are interviewed and qualified. All buyers sign a Non-Disclosure Agreement (NDA) prior to receiving any data on your business. When a buyer has expressed interest and reasonable ability to move forward, sellers are contacted. Citadel Business Brokers will work with the Seller and Buyer through the offer and negotiation process to arrive at an agreed on price for sale. Back to Top
   
   
4. We are selective with the brokers we work with. We hold them to a high standard of excellence. When it comes to selling your business, we recommend you only work with a firm that will co-broker your listing. This increases your exposure and your chances for success. Be careful of brokers that do not co-broker. It is our experience these brokers are more interested in their commissions than the sale of your business. Back to Top
   
   
5. The internet is an effective tool. Citadel Business Brokers uses both local and national sites. Our other national offices also are informed and presented with the co-brokerage opportunity to sell your business to potential national buyers through their own internet site(s). Back to Top
   
   
6. While we respect your need to focus on your business and will not consume your time with numerous calls, Citadel will keep you up to date with buyers, NDAs, Offers and other processes vital to the successful sale of your business. Remember, we are always just a phone call away. Back to Top
   
   
7. Yes. Citadel Business Brokers can provide you with a variety of references. Such references are available by request. Back to Top
   
   
8. Our brokers are certified. Citadel Business Brokers is also a registered member of the International Business Broker's Association (IBBA) and charter memberes of the Carolinas-Virginia Business Broker's Association (CVBBA). We are also a part of a national Citadel office Network and active with the area Chamber of Commerce. The local owners of Citadel Business Brokers are also active S.C.O.R.E. (Service Corps of Retired Executives) volunteers and business counselors. Back to Top
   
   
9. At Citadel Business Brokers, our contracts and agreements are always available for your review. We are happy to answer all of your questions and work with you to feel comfortable with this important first step to list and sell your business with us. Back to Top
   
   
10. When it comes to listing your business, Citadel Business Brokers does NOT charge up front fees. We recommend you always use a broker who agrees to work on a success fee when it comes to the sale of your business. Back to Top
    
    
11. The industry of business brokerage works on a ten (10) to twelve (12) percent fee. Citadel works on a success fee basis at the lower tier of the industry standard. Our fee is 10%. For businesses greater than $1,000,000 (USD), Citadel uses a standard Leaman's Scale. Back to Top
    
    
12. Citadel Business Brokers has been in business since 1981. There are more than 70 offices world-wide that have sold thousands of businesses. We have certified and experienced brokers specializing in the Sales, Financing and Franchise Development of small and middle market businesses. Our offices in Charleston, SC and Wilmington, NC are locally owned and qualified to deliver results for our clients. Back to Top

For a free consultation and confidential meeting with Citadel Business Brokers please contact us.