What is the average deal cost for an independent sponsor?
I've been talking to many independent sponsors on how much money should we set aside for deal costs (QoE, legal etc.) and the numbers seems to vary from $50k - $200k. I am trying to get a better sense on the ballpark number. Has anyone landed on an estimate? Also, have you come across service providers that are willing to add their fees to their backend? I know this happens on SBA type self-funded search deals but not sure if that's fair to expect on a $5M EBITDA deal for example.