Searching for a broker by the state's abbreviation turns up Twin Cities firms almost exclusively, and roughly half of Minnesota's sellable businesses are not in the Twin Cities, which makes the first question one of geography rather than of quality.
What the metro firms are good at
Depth of buyers and a process built for competitive bidding. If your business is in the seven-county metro, or is the kind of business a metro buyer will relocate for, that depth is the asset and it is worth the commission. Ask how many bidders their last three sales in your price band attracted, because that is what the process is for.
What greater Minnesota needs instead
Reach. A manufacturer in Duluth or a service business in Rochester needs a firm that markets into the Twin Cities, Fargo and the Wisconsin border counties, not one that puts a sign up locally. The question to ask is where last year's buyers came from, by county, and firms with a genuine answer give it immediately.
The fee is unpublished either way
No firm in this state publishes a rate, and no main-street or advisory firm in the record on this site does either. Get the commission, the dollar minimum and anything payable before the sale from three firms on the same day; without a comparison there is no way to tell a normal quote from an ambitious one.
Questions people ask about business brokers mn
Are Twin Cities brokers more expensive?
There is no published evidence either way, because nobody in the state publishes a rate. Compare the quotes you collect rather than assuming a metro premium.
Should I use a broker who specialises in my trade?
If one exists in reach, yes: a specialist's buyer list is already looking for what you have, which shortens the marketing stage more than any amount of advertising.
Should I use a broker in the Twin Cities for a business outside it?
Often yes, if their buyer list reaches your trade. The question to ask is not where the office is but which counties last year's buyers came from.