Wasn’t happy with Hilton Smythe. They Initially valued my business at £75k we had some viewers but not huge amount, took over a year and half to sell it. What angers me is the number of price drops it took to sell, the time it took and the huge commission for doing not much, on top of an initial fee for advertisement , copy fee etc. (I had to supply my own photos) Had one offer of £15k which I said no to (as was a lot less than advertised) sales rep seemed angry and said ‘what will you take then!’ I pointed out it was valued at £75k and after commission that would leave us about only £5k! Eventually settled on an offer of £25k BUT out of that was their whopping commission of £6k for doing previous little other than answer a few emails and put an ad on 2 websites. My solicitor did the bulk of the legwork. The commission structure needs changed to a percentage of sale especially for smaller business say 5-10% of the final sale which would be much fairer. My advice would be to advertiser your business yourself on the same website they use businessesforsale and hire a good business solicitor as it’s them that do the bulk of the important work anyway. Out of a valuation of £75k we were left with just £18k after fees.
11 months ago
Hilton Smythe has a
4.2
average rating
from
46
reviews
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