At our firm, we frequently receive inquiries from potential clients about our scope of services and fee structure. One of the most common questions we receive in this regard is: “Why do you charge a retainer?”
First and foremost, the retainer serves as a symbol of commitment on behalf of the seller as they begin the sale process. While nominal in cost, the retainer demonstrates a willingness to provide necessary data promptly and to be readily available as we navigate the complexities of selling a business.
In addition to symbolizing commitment, charging a retainer helps us cover some of the costs we incur when partnering with clients in the sale process. We strive to deliver an elevated level of expertise and support throughout the entire journey which involves utilizing various tools and software to expedite the process and provide a professional level of service. By charging a retainer, we are able to ensure that our transaction team has the resources and support available to best meet the unique goals of each and every client. It is important to note that our retainer is not an additional charge but instead credited towards our success fee at closing.
If you are interested in learning more about our engagement terms and how we can assist you in selling your business, please visit our website or contact us directly. We are here to provide guidance and support throughout every step of your journey towards a successful sale.