I’m looking to purchase a restaurant in town that’s for sale. They are using a broker but up until this point (early diligence, no LOI yet) I have not. I know that the seller pays the broker commission which would be split if there are two brokers at play.

Given I’m not using a broker, and feel confident in my ability to move forward without one, is it possible to get a discount on the purchase price? Or would the sellers agent just pocket the whole commission.

I’m trying to understand if there is a precedent here for saving the 2.5% - 3% they wouldn’t have to pay my broker.

  • yourbizbroker@alien.topBEnglish
    1·
    1 year ago

    Business broker here.

    Maybe more than 95% of businesses sold with a sellers broker in the US do not have a broker representing the buyer. You’re not likely to receive a discount on those grounds. But do negotiate the price and terms.

    • Select_Permission_32@alien.topOPBEnglish
      1·
      1 year ago

      Thanks! Is it seen as a disadvantage if you have a business broker (ie the sellers broker won’t get the whole fee so might disregard the offer if the buyer is bringing a broker)