Business Valuations

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Fees and Commissions

We are an independent corporation providing services tailored to your needs, we can offer flexibility in how we can charge for our services:

• Per hour fees, based on the type of assignment

• Per project fees based on a defined task

• Commission, when assisting in the sale or purchase of a business

• Or combination, where fees may become applicable toward reducing commission

• All assignments and charges will be confirmed in writing.

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Commissions

Fees payable to Lockwood Business Sales on the sale of a business are usually rendered on a success basis. Our commission rates are:

• 10% on the first $50,000

• 5% on the first $1,000,000

• 4% on the balance over $1,000,000

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When entering into a commission arrangement it is our usual practice to charge a retainer and also for the additional services outlined below

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Standard free service

All assignments undertaken are provided with the following services at no extra charge.

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• Marketing program and budget, Preparation of advertising copy for the media suggested in the marketing program.

• Fortnightly reports by fax or mail of all phone calls, meetings and correspondence with prospective buyers throughout the sales process.

• Buyer profile is prepared for all prospects who wish to proceed past the first contact; this may include a Resume if the buyer has one available.

• All prospects are interviewed and screened for financial capacity and business acumen suitable to the business for sale

• Negotiate sales price and structure in order to maximise Net Cash from Sale

• Detailed Handover Checklist to ensure appropriate records of the business are maintained by the vendor and to reduce the risk of financial liability or disputes arising from the sale

• Assist with Finance Application for the buyer where required