Below is a small sample of some of the recent deals we have done.
Medical Records Software Company
We contacted a variety of potential buyers and received multiple bids which allowed us to get the full asking price for the business. We had bids from software companies and private equity groups that were located in Canada, Europe, California, and the Washington DC area. The full price offer came from a Canadian software company that was motivated to move quickly and had financing in place. The business sold for $3.4Million.
Marketing & Management Consulting Company
The company provides a full range of advertising and marketing and management consulting services. We had multipled potential buyers and the owner didn’t want to retire immediately so he decided to sell 50% of the business and stay on and work with the new owners for several years and increase the value of his remaining 50% ownership. The initial half of the business was sold for the full asking price of $1.6Million.
Technology Company in the Security Industry – Long Island
Seller did not want to sell to a direct competitor and was concerned about confidentiality. As with every listing we had potential buyers sign confidentiality agreements and contacted buyers that were in the industry, but not direct competitors, and also companies in related industries that could leverage the technology and customer base. We did receive multiple offers on the business and ultimately the best buyer that was able to move forward in a timely fashion came from someone outside the industry. Sale price was $1.75Million.
Driver Education Company – Westchester County
Driver Education company providing driving lessons to schools and private individuals. We executed a marketing plan that involved internet advertising, mailings, phone calls, and networking. Received multiple offers. The business sold to a Private Equity Group for $1.3Million.
Home Care Business in Connecticut
Business that provides Home Health Care and Aids to elderly clients. We were able to introduce multiple buyers to the seller and obtained several bids. We negotiated the best terms and assisted the buyer in obtaining financing for most of the amount paid to the seller. The business was sold for $925,000.
Engineering & Survey Business in Orange County
Owner was in his 60′s and was ready to transition into retirement. We introduced several potential buyers and the business was ultimately sold to another larger Engineering firm in New York City that wanted to develop their Surveying business and to diversify their Engineering offerings. Seller also signed a 4 year employment agreement which allowed him the option to retire earlier than the 4 years if he so desired.
Education Business in Westchester County
The sellers had a profitable business and weren’t in a hurry to sell but would sell if they got the right terms. We received multiple bids on the business and they accepted an offer for $900,000. The buyer did not need outside financing. He put down $630,000 from savings and the seller financed the balance over 5 years. The seller will stay on after the sale to provide a smooth transition.
Cosmetics Lab in New Jersey with on-site manufacturing
30 year old cosmetic lab with a full line of products for the beauty industry. They also did contract manufacturing for other cosmetic companies. We located an out of state synergistic buyer that saw the value in the company and wanted to add this to their existing operations. We were able to get a signed contract within 3 1/2 months from when we started working with our client.
Computer Software & Services Company in New York Metro Area
Seller wanted to get the stability of working for a larger company. Sold the business to a Mexican technology company that wanted to buy an established US business to give them a presence in the US. Seller is now heading up their US operations on a salaried basis after cashing in his equity in the company.
Unique Manufacturing Business
Provided custom and off the shelf products to distributors and direct to consumers. The business had been previously listed with multiple brokers. We were able to find the right buyer for this niche manufacturer and close the deal.
We had multiple offers on this business. One of the offers was from an Architectural firm that wanted to expand into Engineering to provide a wider range of services to their clients. The other offer was from an Engineering company that wanted to expand their range of engineering expertise and capabilities from the potential firm they were interested in acquiring as well as picking up long term clients from the firm. We negotiated back and forth with a variety of terms from both parties. Ultimately the other Engineering firm came up with the most favorable terms by agreeing to assume the sellers debt in addition to a purchase price.
Internet Wine Business in Rockland County
Business that derived the majority of its revenue over the Internet. We located the right buyer that appreciated the internet business but was also willing to operate a retail store with walk in customers.
Printer & Copier Business in Putnam County, NY
The seller had purchased this established business 5 years ago and wanted to focus on another internet business that he had. We found a buyer for the business who got along well with the seller and the seller will stay on after the sale to help out with a transition. The buyer is interested in purchasing other printing businesses so if you own a printing business and are considering selling please contact us.
Car Wash in New York City
2 Year Old Car Wash located in Busy Urban Area. Long Lease. Sold for $615,000.
Wine Store in Scarsdale, NY
The owner was tired of commuting over an hour each way so we located multiple buyers and had several offers. The seller ultimately sold to a buyer with experience in the Wine industry that had never owned his own business before and wanted to be his own boss.
Home Care Franchise in Fairfield County, CT
The seller was busy with a full time job and didn’t have time to devote this business. We located a buyer that had time to invest in growing the business and was able to get an exclusive territory and on going clients.
Computer Hardware & Software Reseller in the New York Area
This company had a specialized niche and we were able to locate a buyer that was a public company that wanted to enter this market. The business was sold for the full price that the seller wanted.
Ecommerce Business in Rockland County
Sold products nationwide and built up extensive email list that they used to develop long term repeat customers. We located a buyer and arranged the financing so that the seller was able to get paid the full price at closing with out the need to provide any seller financing.
Wine & Liquor Store in New Rochelle, NY
A national business brokerage firm tried unsuccessfully to sell this business before the seller turned to Synergy. We were able to quickly locate a buyer willing to pay the seller what they were hoping for.
Computer Solutions & Services Provider
Company specializing in providing computer solutions including hardware, software, and services to the Education market. Seller wanted to concentrate on running another business and we sold the business to another IT professional that wanted an additional revenue base and clients to cross sell with his current offerings.
Educational Franchise for Kids in Westchester County
We were able to get multiple potential buyers for this business and as a result we were able to get the full asking price for the seller.
Roofing Contractor Business
Seller was speaking to a buyer that was taking a long time to consummate a deal. We set up a meeting with a new buyer and the deal was closed in a record time of a week from the initial introduction of buyer and seller.
Wine & Liquor Store
The owner had previously listed the business with another broker and was getting buyers that were making acceptable offers but took too long and ultimately backed out of the deal. Once we got the listing, we located multiple buyers and helped the owner choose the offer from the buyer that was most likely to go through with the purchase in a timely fashion. The sale was completed in about 4 months from listing the business.
Seller at first tried selling this business themselves but was unable to find the right qualified buyers. Synergy Business Brokers was able to find multiple buyers and closed the deal with a motivated buyer that was able to finance this deal through a home equity loan.
Internet Dry Cleaner Business Based in New Jersey
Internet Dry Cleaner business based out of New Jersey servicing customers in NYC and New Jersey. We located a buyer that had an existing Dry Cleaner plant and could leverage these retail customers with his current business. Seller wanted to take some time off from working the business and was able to do so after completing the sale.
Bakery in business for 50 years – Seller wanted to semi-retire after 15 years with the business. A young buyer from a family of bakers wanted a place of his own and we put the two together.
Retail Store in Fairfield County
We sold a specialty retail store that caters to wealthy clients in Lower Fairfield County.
Wine & Liquor Store
The owner had unsuccesfully tried to sell the store themselves and then tried a realtor that they knew to sell the business and they didn’t understand the nuances of selling a business. Finally when Synergy Business Brokers got the listing we were able to get them mutliple offers after a month and we sold to the highest bidder.
Awards & Promotions Business
Selling retail trophies & promotions directly to country clubs and businesses for awards and promotions. Owner was ready to retire. Buyer was looking for a business that had a long track record and seller that was willing to help him transition his relationships.