How much will it cost to sell a business in Australia?
by 1st of March, 2021
If you advertise and sell your business privately, you are looking at <$1,000 for marketing costs plus additional legal and accountant fees. If you are engaging a business broker, you will be looking at marketing fees (around $4,000) and a sales commission (around 5-10%).
You also need to consider your tax obligations such as capital gains tax. A helpful section on the ATO website outlines what happens when changing, selling or closing a business.
There is so much variation in the size and value of businesses, so the cost to sell a business will vary a great deal. Its always important to obtain professional advice when selling a business and understand the fees at the start of the process.
Tags: sellabusiness
