Crowne Atlantic Business Brokers

When you’re ready to sell your business, understanding business broker fees is essential to planning your exit strategy. While the prospect of paying a commission might seem daunting, working with experienced business brokers can significantly increase your sale price and streamline the selling process. For Florida business owners contemplating a sale, knowing what to expect in terms of pricing and fees helps you budget appropriately and choose the right business broker for your needs. Understanding Business Broker Fee Structures Business brokers charge fees in several ways, and the structure can vary depending on the broker, your business’s size, and the complexity of the transaction. The most common fee structure is the success fee arrangement, where brokers earn a commission based on the final sale price of your business. This approach aligns the broker’s motivation to sell your business with your goal of achieving the highest possible selling price. Industry sources and IBBA da...

When selling a business in Florida, one of the most critical documents you’ll encounter is the non-compete agreement. This contractual clause protects the buyer’s investment by preventing the seller from immediately opening a competing venture that could undermine the business being sold. For Florida business owners preparing to sell, understanding how these agreements work and how to negotiate terms that protect both parties is essential to a successful transaction. What Is a Non-Compete Agreement? A non-compete agreement, sometimes called a covenant not to compete or non-compete clause, is a legal contract in which the seller agrees not to enter a similar business within a specified geographic area for a specified period of time. In the context of a business sale, this agreement is part of the sales contract and serves to protect the buyer’s investment in goodwill, customer relationships, and trade secrets. Unlike employment non-competes, which have faced significant challenges a...