Being a business broker 1 year update
October marks my 1-year anniversary as a business broker in NC. I started part-time but am considering going full-time.
In 10 months, I’ve sold 4 businesses and earned about $50K net after my 50/50 split. I source 100% of my leads and handle the deals from start to finish with very little help from the firm.
My average gross commission is anywhere from 6%-12% of the final sale price.
I also have 2 deals closing in the next 30 days with about $100K in gross commissions, bringing my total net for the year to roughly $110K.
I’m currently paying a $200/month desk fee and giving up 50% of my commissions. Do you think I could get a better split elsewhere?
Honestly, I don’t see why I couldn’t do this on my own, but I’d prefer to stay with a firm for another year or two.
What do you guys think?