Small Business Opportunity: The World of Business Brokers
Saturday May 14, 2005
Business brokers are the matchmakers of the business world bringing together buyers and sellers of small and mid-sized companies. Corporate downsizing and aging baby boomers wanting to cash out of their business for retirement provides optimism for the business broker industry.
According to Tom West, founder The International Business Brokers Association (IBBA), earnings in the business broker field are "well above average and a six figure income is certainly attainable for many. Commissions range from 10 to 12 percent of the purchase price with firms charging a minimum fee of at least $10,000 to $15,000, for smaller businesses. The average price of a business that sells today goes for about $250,000 not including inventory or real estate." Small Business Opportunity: The World of Business Brokers
According to Tom West, founder The International Business Brokers Association (IBBA), earnings in the business broker field are "well above average and a six figure income is certainly attainable for many. Commissions range from 10 to 12 percent of the purchase price with firms charging a minimum fee of at least $10,000 to $15,000, for smaller businesses. The average price of a business that sells today goes for about $250,000 not including inventory or real estate." Small Business Opportunity: The World of Business Brokers


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