BUSINESS VALUATION SERVICE COST

Hi all,

I'm in the process of purchasing a minority share in an established automotive repair facility in Southern California with approximately $2 million in annual revenue. We're at the point of having a valuation done on the business to establish the cost of equity, and the accountant came back with a business broker contact who has offered to perform the valuation for $1850. This is my first deal, and I really don't have a good concept of how much this service should cost...can anyone chime in and let me know if this is how much I should expect to pay? Thanks for your help and feedback!



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