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What is "Standard commission percentage "charged for listing a commercial business in Richmond bybrokers?

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Answers (3)
Michael Mitchell
Business Research Group, LLC
Henrico County, VA
Premium Broker

Asghar, as others have noted, everything is negotiable. But to be clear, are you talking about selling the business, the real estate, or both. Many brokers will quote you different rates for the real estate versus the business. The best thing for you to do is talk to a business broker to understand your options, your costs, the value of your business, and the time you should expect for the sale to occur. If you would like an opinion you can call me at 804-381-6667.

Jun 18, 2015
Michael Hamlar
Hamlar Enterprises, LLC
Roanoke City County, VA

Asghar,

Don is absolutely correct. Everything is always negotiable. However, the normal commission for commercial property is 10% and 6% for residential in Southwest Virginia. That does not mean that every deal is set at that commission, that is the usual starting point. Commercial Properties have a higher commission due to the labor intensive marketing, analyzing, and harder to sell properties. If you have any questions please contact us at 1-800-682-1950 ext. 101

Regards,

Michael Lawrence Hamlar, Doctoral Candidate, LFSP
President & CEO
Hamlar Enterprises, LLC
Hamlar Business Broker

P.O. Box 3336
Roanoke, VA 24015
Phone & Fax 1.800.682.1950
Email: mike@hamlarenterprises.com
Skype: MHamlar

Jun 20, 2011
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The BAF Group LLC
MD

There is no "standard". It is rather illegal to post such information. You need to speak individually to Brokers in whom you may have an interest. All commissions are negotiable, between Buyer and Broker.

Jan 14, 2011