Average Deal Fees/Costs?
I've bought businesses before and I'm searching again. I have spent a wide range on vendors depending on the deal size and vendors used. What have others spent on average on legal, accounting, etc? Thanks for sharing!
Post a question, deal, job, etc...
Make a post...
by a searcher
in Los Angeles, CA, USA
in Los Angeles, CA, USA
1yr ago
Share
2 Likes
723 Views
Loading...
reply
by a searcher
1yr ago
from The University of Chicago in 85 Broad St, New York, NY 10004, USA
from The University of Chicago in 85 Broad St, New York, NY 10004, USA
It really depends on size of the deal, complexity, and which firms you hire (brand name or not). Speaking only for the lower end of fees for a sub-$10M TEV deal: $75K-$150K legal, $20K-$50K QoE (smaller, regional firms). You can easily 2x those fees for a larger deal or if you use larger, well known firms.
reply
by a professional
1yr ago
from University of Virginia in Charlottesville, VA, USA
from University of Virginia in Charlottesville, VA, USA
A key differentiation in legal expenses I haven't seen yet is stock vs. asset sale.
Most search deals will likely be an asset deal, but stock deals still happen, Because of the needed extra language to protect you as the buyer in a stock deal, the legal fees can be 2x what you might see for an asset purchase.
Most search deals will likely be an asset deal, but stock deals still happen, Because of the needed extra language to protect you as the buyer in a stock deal, the legal fees can be 2x what you might see for an asset purchase.
More on Searchfunder
Loading...