| Traditional Business Broker | The Biz Exchange | 1. You are required to sign a listing contract for a minimum of six (6) months. You will be legally bound to pay the broker his fee if you sell to anyone who is referred by the broker. This obligation stays in effect even after the contract expires and remains so for a year after. | No Contracts |
| 2. The commission due the broker will normally be between 10% -12% with a minimum of somewhere around $8,000 - $10,000. Do the math. A $200,000 sale will cost you 20-24,000. | $899 for three months. $250.00 per month after initial three months if needed. |
| 3. Brokers will insist on being involved in all negotiations. It's not that they want contribution; it's that they don't want you and the seller getting together on your own. This is true. They're afraid you will come up with a deal to cut them out of their commission. Unfortunately, most brokers contribute very little to the negotiating process. Some are detrimental. If you are talking to a traditional broker, tell him you will want to do your own negotiating with the potential buyer. Watch his reaction. | The Biz Exchange will not be involved in the negotiations. |
| 4. The traditional business broker will advertise your business on the Internet as it has become the place to advertise. But, be careful, some will only list the business on their own site which may get a few thousand hits a month. | The Biz Exchange puts your business listing on the largest "Business For Sale" sites on the Internet. listing it by state and type of business. Combined, these businesses get over two million hits a month. |
| 5. At the closing: the traditional broker will be there with a heartfelt handshake and to collect their hefty commission. | The Biz Exchange doesn't attend the closing. We will send you a congratulations e-mail after you notify us that you sold your business. |