Frequently Asked Questions
How long does a typical acquisition take?
If you know exactly what you're looking for, then you can expect an acquisition to take between 3 to 12 months. It depends greatly on the niche, availability of businesses, budget and size.
If I don't purchase a business, do I lose the retainer I've paid monthly?
There is a lot of work and cost in us locating a business for you. The retainer fee simply covers our most basic costs for outreach, tools and networking. If a purchase is never made, then the retainer fee is non-refundable.
If a purchase a made, the retainer fee is deducted from the commission rate.
Can I Cancel Anytime?
Absolutely! You can cancel or pause the search at any time. However, if you purchase a business that we have introduced to you at any point within 2 years we are owed commission as part of the arrangement.
When does commission get paid out?
Commission gets paid out at the time of purchase. When money is released from Escrow for the deal, commission is paid out to the us at the same time.
Do you accept equity as a form of payment?
We have structured deals in the past where we are willing to take partial equity in lieu of our standard cash commission. These would be for large acquisitions only and will depend on the business and buyer.
Can I leverage you to sell my business as well?
While we do also sell business our main focus is on acquisitions. However, with our deep network of relationships, if we do not feel we're the right partner to sell your business, we can introduce you to the right broker that can.