Been getting varied estimates for legal fees I should expect in a small SBA deal (4-5M EV). Anyone have good data points on what I should expect to pay? PS - I have transaction docs from another deal in the same space so looking to do this cost efficiently and the company I am looking to acquire (LOI signed) is relatively clean. I am self funding it so obviously cost conscious. If there are attorneys here that have experience in the space and are self funded searcher friendly, comment or like and can reach out as well.
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https://www.axial.net/forum/dont-break-the-bank-5-budgeting-tips-for-independent-sponsors/
I am all for being practical and cost conscious, but not at the expense of the investment. If the EV is around ~$5M, then trying to save a relatively little amount of money be reusing docs that may not be appropriate is not recommended. Assuming you were involved in the prior deal, the benefit that you get from the prior deal is not the docs, but the experience with the process.