What Is The Cost Of Selling A Business?

What Is The Cost Of Selling A Business?

Here at GMO, there is no concrete cost for selling your business. It depends on a selection of variables including the type of business and the work involved.

However, our fees are broken up into several sections:

  1. Marketing: An extensive Information Memorandum will be created by GMO that encompasses your business from head to toe. This document will include business history, financial performance and imagery alongside other important details. Once created, this Business Profile will be shown to qualified, potential buyers who are interested in your business.
  2. Advertising: Depending on what kind of advertising you require, GMO will create and organise ads to be posted on various sites and platforms according to your advertising budget. For some businesses, this means print advertising in The West or The Financial Review, for others it means advertising on the seven websites we use to assist in showing your business to a wide online audience. We are always open to new advertising methods and will assist however possible to ensure that the right people are seeing your business.
  3. Success Fee:  This fee is payable upon successful settlement of the business sale. It is calculated at a percentage rate of the sale price (dependant on each business, case-by-case) or, a minimum fee of $15,000 + GST (whichever is greater).

As always, each business is unique. Therefore we cannot classify all businesses under the same umbrella when it comes to fees. All fees are transparent and will be happily discussed with the Broker during your initial consultation. 

Sell your business with GMO business brokers

Did you build your business from the ground up and am now ready to hand over the company to someone else? When you’re looking into selling your business and want to maximize the results of your hard work GMO is exactly the partner you’re looking for. You can be assured that we will provide you with an accurate value of your business worth. Besides that, we have specialized business brokers on board for every business sector and a track record of successful sales. Selling a business >

For more detailed information about our fees and what fees may be associated with your business if you choose to sell, contact the office today, on (08) 9481 4422. 

Our team are always happy to discuss your situation and provide honest and helpful information.

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Whether you dream of buying a business, want to sell your Perth or WA business, or want to know the value of your company – GMO’s business brokers and valuers are here to assist you. We have won the City of Perth Award for Business Excellence and our Managing Director has been elected as a fellow of the Australian Institute of Business Brokers. Whether you are a buyer or a seller, GMO can introduce you to the right person.

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CONFIDENTIALITY DISCLOSURE AGREEMENT

  • The disclosers are willing to disclose such information to the recipient subject to their acceptance of the following conditions:
    1. The recipient shall treat all information received from the discloser as confidential and shall ensure that all such information remains confidential and shall not use any such information in any way other than for the specific purpose aforesaid. The recipient acknowledges that all conditions subsequent in this disclosure apply to the recipient and any associates of the recipient be they partners, co‐directors, trustees, holders of shares or officersin entity(s) the recipient has interest in.
    2. The obligations of paragraph 1 shall not extend to any such information which is in the public domain, or which hereafter becomes part of the public domain otherwise than as a result of any unauthorised activity or omission of the recipient, or which is already in the possession of the recipient and was not derived from the disclosers.
    3. The recipient shall return all such information received other than that which is submitted orally at the termination of such negotiations entered into as a result of this agreement.
    4. The obligations set forth in paragraph 1, 2 and 3 shall terminate 12 months from the date of this agreement or upon the disclosers and the recipients entering into an agreement whichever event occursfirst.
    5. The recipient shall obtain no rights of any kind to such information other than for the specific purpose stated in this agreement.
    6. The receiving party will not utilise any material made available to improve, construct or change another business, in such a way as to allow that business to compete with the business being discussed.
    7. The recipient understands that the information has been compiled by GMO from details provided by the Vendor. Prospective purchasers should be aware that it is not intended that any projections or this information be treated as a representation, warranty or promise by GMO or its representatives, as to the correctness of the information, or that all relevant information is contained in the information provided.
    8. The recipient acknowledges that they will not act on information provided without first seeking independent financial and legal advice.
    9. The recipient hereby agrees to declare any beneficial interest in any business that could currently be interpreted as being in competition with the subject business.
    10. The recipient agrees to return all documents supplied within 50 days of receipt (and any copies) should they decide not to proceed. The recipient further agrees to destroy any electronic information supplied by the Seller or GMO and to instruct their professional advisors to also destroy any information passed on by the Seller, the recipient or from GMO.
    11. The recipient acknowledges they are precluded from physically visiting the premises of the business or talking to any client, supplier or employee of the business without the permission of the discloser.
    The recipient/s hereby accepts the above conditions as binding on them in respect of the information referred to.
    By ticking you are accepting and agree to our Terms & Conditions including Confidential Disclosure Agreement & Privacy Policy.

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