Buy-side Broker

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May 23, 2023

by a searcher from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA

Has anyone used a buy-side broker and can share insights? I am considering this route... I was going to quit my job and search full time but it might make more financial sense to pay an expert to handle this part.

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commentor profile
Reply by an intermediary
from Miami University of Ohio in Chicago, IL, USA
In order to obtain a buy-side broker you need to be prepared to pay a monthly retainer along with a substantial success fee. Typically you see $5K per month for a retainer with a sliding scale fee upon the close of a successful transaction. Typically, there is a minimum fee as well which I would figure is $100K at close. A lot of work goes into finding a business which means a many hours and then you still need to find a business your client wants to purchase, and they have to be willing to make qualifying bids to win a business. That is why you have to be serious and willing to pay a reasonable monthly retainer.
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Reply by a lender
from California State University, Sacramento in Seattle, WA, USA
^redacted‌ is an experienced buyside professional. I'm sure he'd be a good resource on the topic.
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