Top Hat Business Brokers
Selling or Buying a Business? You're In The Right Place.
Terry J. Watts | Tophatbusinessbrokers.com | DRE #02191771
Terry J. Watts has real life experience buying and selling multiple businesses. He brings his years of expertise to all of his clients.
We understand that a true business owner’s perspective is valuable to you. Terry brings years of experience owning & running businesses.
Trust is invaluable to the success of our relationship. With our proven track record of buying and selling businesses, you can trust us to make the right decisions.
Excellence in Business Broker Transactions
Our Business Brokers provide the following unsurpassed services:
“Buying or Selling a business can be a stressful and often confusing sale process. As a business broker, I bring years of valuable, personal experience to help you through the entire process. For my potential buyers and sellers, I provide professional business valuations, confidential listings, automated buyer inquiry systems, and stay in touch throughout with regular check-ins. By keeping an eye on the goal, the successful transfer of a business, we will work together to make it happen as quickly and smoothly as possible.”
Our Business Broker Services
Frequently Asked Questions
Below are a few common questions we get from people looking for the right buyer for their business or those looking to buy a business.
What is the Role of a Business Broker?
Business brokers are specialists who make small business buying and selling easier, helping their clients reach their desired outcomes. With experience across industries and a deep understanding of special characteristics, they can provide tailored assistance to ensure transactions run smoothly.
What Are the Benefits of Hiring a Business Broker to Sell Your Business?
There are a few benefits of hiring a business broker.
1) Gathering Important Documents:
A business broker provides an invaluable service to small businesses – assessing performance, organizing financials, and even acting as a liaison. Why is this important? Financial statements are considered key documents when it comes time to value the enterprise or find potential buyers; they act like fingerprints that quickly identify any red flags for lenders and investors alike.
Business brokers can assess the true value of a company by taking an in-depth look at its assets, performance history, and potential growth through comprehensive business valuations.
2) Network of Buyers
As part of our role in helping business owners transition, a broker will use expertise and guidance to identify buyers while carrying out core duties. By utilizing knowledge about the marketplace for businesses being sold, business brokers provide strategic insight into how best to ensure successful outcomes.
This may involve setting up consultations with interested buyers, upholding confidentiality protocols, addressing questions and reservations prospective buyers have about the sale agreement, as well as examining financing specifics to ensure smooth transactions.
3) Financial Due Diligence
All parties involved in the sale of a business work together through an intermediary to ensure that both buyer and seller are pleased with the terms, conditions, and offer. A team composed of attorneys, financial planners, tax experts, business advisors, and more may be called on for advice throughout this process, making it easier to prepare legal documents when all is said and done.
How Do Business Brokers Make Money?
Business brokers are highly skilled professionals that handle the tedious process of selling businesses. As a reward for being actively involved throughout the process, and their hard work, they receive a commission – commonly referred to as a “success fee” – which is typically 10-15% up until $1 million and slowly decreases after.
If you have other questions about our Northern California business brokerage, feel free to contact me.
Are you In Northern California and looking to sell your business? Or buy a business? I’m the business broker for you.
Contact me today by filling out the form on this page or calling me at (916) 905-4997.