Finders fee program™
Know where the surplus is? Earn a finder's fee.
Introduce us to a company disposing of surplus equipment we did not know about, and to the person who decides. When we buy, you get paid, and the seller never learns who you are.
What we pay for
A fee is earned when you do both of these. The introduction alone is not paid; the fee is paid when we buy.
A new opportunity
A named company with identified surplus equipment it is disposing of, that we did not already know about. Not a category, a region or a rumor.
A direct introduction
To the person with authority to decide what happens to the assets. Not a switchboard, a general inbox or staff on the plant floor.
How it works
From a tip to a payment.
- 1
Register first
Send us the opportunity in writing before you disclose the company to anyone at King Surplus by phone or email.
- 2
We acknowledge
Within 2 business days you get your Vendor Number, the date and time we received it, and whether it is already known to us.
- 3
You introduce us
Connect us directly with the decision-maker. From there we handle valuation, negotiation, purchase and removal.
- 4
You get paid
Within 30 days of an executed AssetRecovery™ or AssetMan™ contract.
Finder fees
A fixed success fee on what we pay the seller for the equipment. Below $25,000 a flat fee applies. From $25,000, each rate applies only to the portion inside its band, so the fee always rises with the purchase.
| What we pay the seller | Your fee |
|---|---|
| Under $10,000 | $500 flat |
| $10,000 to $24,999 | $1,000 flat |
| $25,000 and above, on the first $100,000 | 5% |
| On the portion from $100,000 to $500,000 | 4% |
| On the portion from $500,000 to $1,000,000 | 3% |
| On the portion above $1,000,000, no maximum | 2% |
Worked examples
| We pay the seller | How it is calculated | Your fee | Effective rate |
|---|---|---|---|
| $8,000 | Flat fee, under $10,000 | $500 | 6.3% |
| $20,000 | Flat fee, $10,000 to $24,999 | $1,000 | 5.0% |
| $50,000 | 5% of $50,000 | $2,500 | 5.0% |
| $250,000 | 5% of the first $100,000 ($5,000) + 4% of the next $150,000 ($6,000) | $11,000 | 4.4% |
| $750,000 | $5,000 + 4% of the next $400,000 ($16,000) + 3% of the next $250,000 ($7,500) | $28,500 | 3.8% |
| $1,000,000 | $5,000 + $16,000 + 3% of the next $500,000 ($15,000) | $36,000 | 3.6% |
| $2,500,000 | $36,000 + 2% of the next $1,500,000 ($30,000) | $66,000 | 2.6% |
| $5,000,000 | $36,000 + 2% of the next $4,000,000 ($80,000) | $116,000 | 2.3% |
What counts
Equipment and other personal property only, before credits. Real estate, leases, taxes, and our own rigging, freight, storage and resale costs are excluded. If we take assets in exchange for removal, only the cash part counts.
One fee per opportunity
Several purchases from the same opportunity are added together. We pay on the first and pay the difference within 30 days if a later one moves you into a higher band.
Close to a band edge
Within 1% of a band boundary, the higher band applies.
Established finders
This is our base schedule for new finders. Finders who bring consistent, qualified deal flow can negotiate enhanced terms.
What does not earn a fee
A lead is something we could not have found ourselves.
Names without an introduction
A company name, or a list of names, without a direct introduction to the decision-maker.
Rumors and public information
Press reports, market talk, public auctions and listings, bankruptcy filings, receiverships, foreclosures and other public notices.
Already known to us
Our existing or former clients, customers, suppliers or jobs, where we hold a dated record from before your registration.
Duplicates
An opportunity another finder registered first. We pay one fee per opportunity and never split it.
Real estate and your own assets
Real property, leases and lease assignments, or assets you own or control.
Who can be a finder
Anyone with a good lead: business owners, managers and employees, landlords, leasing, rental and crane companies, truck drivers, lawyers, CPAs, bankers, engineers and architects, and non-profits including churches and chambers of commerce.
Many of our finders have become regular partners who see us as a second income stream alongside their own work.
Confidential
Your identity is never shared with the seller without your permission.
Unless you make the introduction yourself, the seller never learns where the lead came from. In return, keep our interest and any prices we discuss confidential.
Independent contractor
Finders are independent contractors. You do not quote prices or speak for King Surplus, and you send a W-9 (or W-8BEN) before your first payment.
The agreement governs
This page summarizes our Finder's Fee Agreement. Nothing is binding until the agreement is signed by you and by a King Surplus executive.
Become a finder
Tell us who you are, and a real person will call you and send you the Finder's Fee Agreement. Leave the company name out for now; we register it with you first. No AI, no auto-responses.
Prefer to talk? Call 830-995-5000.