What is Flat Fee Business Broker?

Flat Fee Business Broker is a professional business brokerage company and market maker for privately held companies that are looking to attract Buyers and sell their business. Basically, we help small to mid-sized companies sell their business, but we do it at a fraction of the cost that "traditional" business brokers charge.

How do you accomplish that?

We keep your prices low by keeping our overhead low. And then we pass the savings on to you. Let us explain how we can save you big money.

Traditional business brokerage companies have multiple brokers located in multiple cities working in multiple offices. The amount of money needed for leases, staffing, and supplies is substantial. Their cost of doing business is high...and they pass the cost on to you.

At Flat Fee Business Broker, we have eliminated the need for costly offices and large staffs by focusing on the use of technology to provide the same professional services and strong customer support. Our brokers work in a centralized location using modern communication techniques to interact with Buyers and Sellers.

With the use of modern technology and the ability segment the selling process, we are able to focus on attracting Buyers to your business in an accelerated and efficient manner. This allows a Flat Fee Business Broker to concentrate on selling your business quickly. And we pass the savings on to you.

Do I really get all the benefits of a full-service business broker?

Absolutely. As will a "traditional" business broker, we work with you to value and price your business. We market the business and respond to Buyer inquiries. We help prepare purchase agreements and counter offers. And we will provide support and guidance through the closing process. All the same as a other business brokers, except we don't charge 10% - 12% to sell your business.

The only thing that Flat Fee Business Broker will not do is physically visit the business location and meet with the Buyer to "show" the business. However, we will work with you and the Buyer to arrange the meeting, set the agenda, and consult with you prior to and during the showing if necessary.

So, you do everything a full-service broker does except visit my business?

Yes.

How does the process work?

The process is simple. Upon receipt of your marketing and setup fee, Flat Fee Business Broker will email you a business information sheet. This comprehensive data sheet is to be filled out by you and contains all the questions that Buyer's want answered when evaluating a business. When you have completed the business information sheet, send it back to us along with a few photos of your business if you wish.

Your Flat Fee Business Broker account handler will take the data provided by you in the business information sheet and turn it into a comprehensive marketing package. In addition, you will also receive a business valuation and suggested asking price. We will work with you on both the marketing package and asking price to make sure we represent your business exactly the way you want it represented before we ever take it to the public.

In order to sell a business you need a great presentation and as much exposure to potential Buyers as possible. At Flat Fee Business Brokers we give you both for one low fee. But it all starts with the business information

Why do you need so much information?

Statistics show that Buyer's who receive a large amount of upfront information about a business are more likely to make a swift offer thus reducing the time it takes to sell your business. Lack of business information is one of the main bottlenecks that can slow down the selling process. Buyer's who receive incomplete business information are slower to make an offer to purchase.

It is our goal to work with you so we can present your business for sale in a format that is understandable the Buyer and illustrates the workings of your business and the potential upside available to the Buyer.

How do you handle confidentiality?

We require all potential Buyers to sign a comprehensive confidentiality agreement before we give them any information about your business. We will never send anyone to your location without your expressed permission and we will not disclose the fact that your business is for sale to your employees, your vendors, your competitors, or anyone else.

We will not place a "For Sale" sign in your parking lot and all our listing descriptions on the Internet are purposefully vague so as not to divulge the location of your business.

How much will I pay for your services?

For example: Let's say you listed your business with Flat Fee Business Broker and it sold in the 5th month for $200,000. Your cost would be:

Upfront marketing & service fee = $995.00
Success fee paid at closing = $1,995.00
Maintenance fee (months 4 - 5) = $159.90
Total = $3,149.90

Now let's say you used a traditional broker to sell the same business:

Upfront marketing & service fee = $500.00
Success fee paid at closing (10%) = $20,000.00
Maintenance fee (months 3 - 5) = $0.00
Total = $20,500.00

*Estimated amount based on a business broker charging a $500.00 valuation and set up fee and a 10% success fee.