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Sellers' Costs When Selling a Business

In this video below, Top Business Broker Adrianna Smith discusses the different costs that sellers should consider when selling a business.

 

 

The costs include:

Capital Gains Tax on sale of business. It is best to consult your accountant to understand the tax impact of the sale.

Other Tax Liability – state, county, city taxes will be due prior to or at the time of sale .

Landlord Fees – for repairs and back rent as applicable.

Escrow Fees – For example, for a business that is sold for $200,000, escrow fees can vary from $1,500 to $3,000 depending on escrow companies used and services rendered.

Broker Commission - for services rendered. The commission is typically a percentage of the purchase price.

Advisor Fees – Fees related to a CPA, attorney, or wealth manager.

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