In a recent industry survey, 41% of brokerage owners reported earning commissions of between $100,000 and $200,000. Additionally, 26% reported earning commissions up to $600,000.
Why do sellers sell?
Businesses are for sale for many reasons. Divorce, poor health and boredom are just a few. When a business owner decides to sell, working with a professional Worldwide Business Brokers gives them the following:
An existing database of buyers Help in pricing and valuation Help with negotiations Help with the contracts Confidential marketing plan And much more
What do business brokers charge?
Our offices charge a commission of 10% of the business' selling price. If you sell a business for $500,000 you will be paid a commission of $50,000.
Who buys a business?
People from all walks of life are looking to buy a business. Many of these are first time entrepreneurs trying to take control of their own future and provide for their families. Middle managers being "downsized," corporate executives tired of the rat race, laid off technology workers, recent college graduates who are discovering how tight the job market is; There are millions of people looking for a business right now!
What's it like being a business broker?
Business brokerage is very exciting. Everyday we deal with different businesses, different people, different situations, different needs and expectations. It is an excellent career choice if you'd like to avoid the same old routine day in and day out.
How much can I make?
This depends entirely on you. How much effort will you make? If you sell a business for $1,000,000 you earn a commission of $100,000. And if you hire others to be brokers in your Worldwide Business Brokers office, you receive a portion of the commissions on their sales, as well.
Do I need a license?
In most state you do not need a license. However, there are a dozen or so states where a license is required. Want to know if yours is one? Click here to email us. We'll let you know.
Do business brokers suffer in a down economy?
When the economy slows or falls into recession, many thousands of people find themselves laid off and the job market is FAR too tight to absorb them all. Many of these folks received a severance package that, combined with their savings and some financing, will enable them to buy a business. These people need to provide for their families. They are motivated. They MUST buy in order to support themselves.
What is the investment?
A Worldwide Business Brokers franchise can be set up for as little as $19,300 or as much as $53,800 - including all fees - depending on your area and circumstances. We generally advise a franchisee to be prepared to spend between $25,000 and $40,000.
What do I get?
What do I need?
The basics to start with: phone, fax, computer, and office supplies, plus office space of between 500 and 1200 square feet.
What else do I get?
What does your training program cover?
During your one-week intensive training you will learn:
So what's next?
Fill out our preliminary application. There is no obligation whatsoever by doing so. It just gives us an idea of who you are so we can better assess if there might be a good fit for you on our team. We hope to hear from you soon!