What is a typical finders fee for business sale in the $3.5MM range?

I partnered with a company to purchase another company. My partner now has decide they would like to complete the purchase themselves and pay me a finders fee for my time. I am OK with this but am unsure about an amount. The total purchase will be approx $3.5 million. Thanks for your help!

1 point on the sale would be reasonable to ask for, and you should have no problem getting that assuming you were instrumental in putting the buyer and seller together. You could ask for more, and you may get it, but you might have to justify your involvement being worth that. Tip: when you settle on what you finder’s fee is going to be, put something in writing include an instruction to escrow to pay you out of the closing and make sure your partner signs it. Keep tabs on who’s handling the escrow and submit your invoice to make sure you get paid. Often times it happens that at closing somebody comes up short and they wind up asking the broker to discount their fee or agree to get paid outside escrow. So protect yourself. good luck!

Business For Sale Australia

New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development $10.66 No matter how much repeat business you get from loyal customers, the lifeblood of your business is a constant flow of new accounts. Whether you’re a sales rep, sales manager, or a professional services executive, if you are expected to bring in new business, you need a proven formula for prospecting, developing, and closing deals. “New Sales. Simplified.” is the answer. You’ll learn how to: identi…

Photography Business Secrets: The Savvy Photographer’s Guide to Sales, Marketing, and More $18.82 Give your photography business an edge with these professional insightsThere are already more than 150,000 professional photographers in the U.S., according to Department of Labor statistics, and thousands of serious amateurs are continually seeking to become established. Whether yours is a new or long-standing photography business, you have plenty of competition. Lara White has collected the best…

How to Say It: Business to Business Selling: Power Words and Strategies from the World’s Top Sales Experts $10.74 There are approximately 35 million business to business sales reps in the country selling everything from books and computers to furniture and flooring. They know as well as anyone that selling to other businesses is not the same as selling to consumers. Businesses have different budgets, needs, demands, and expectations from those of general consumers. That means an entirely different s…

…

…

Incipio Dual PRO for iPhone 5 – Retail Packaging – Obsidian Black/ Obsidian Black $29.99 DualPro features design innovation at its best! With a plextonium plastic exterior embedded in a shock absorbing silicone core, DualPro provides sturdy protection without sacrificing style. Headquartered in Irvine, CA, Incipio has people in London, Hong Kong, and India, allowing them to reach their customers and work on projects 24/7. Their dedicated staff does just that. At 140 strong, Incipio’s …

Amazon Kindle PowerFast for Accelerated Charging (not included with device, for use with the new Kindle Fire or Kindle Fire HD models) $19.99 With over 63 different combinations to choose from, you can create a beautiful glider that offers the comfort of your favorite sofa, but has the ability to glide you into a relaxed, tranquil state. Imagine yourself in that perfectly matching glider and ottoman combination for your nursery; watching your little darling sleep soundly, with your feet up reading a baby magazine, relaxing before bed. T…

Epson DURABrite T127520 Ultra 127 Extra High-capacity Inkjet Cartridge Color Multipack-Cyan/ Magenta/ Yellow $39.99 Epson Durabrite Ultra Ink, Color Multipack (Cyan, Magenta, Yellow) (T127520)…

Canon PGI-225 BK/ CLI-226 4530B008 C,M,Y 4 Pack Value Pack in Retail Packaging $34.99 Canon PGI-225 BK/ CLI-226 C,M,Y 4 Pack Value Pack (4530B008) in Retail Packaging.340 Page Yield @ 5% coverage for Pigment Black, 510 Page Yield @ 5% coverage for C/M/Y….

Derek Heart Basic Chic Top $34.99 …