Businesses that we have sold
Below are some of the recent businesses that Synergy Business Brokers has sold.
Electronic Health Records (EHR) Software Company in New York
We contacted a variety of potential buyers and received multiple bids which allowed us to get the full asking price for this business opportunity. 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.
Engineering Business in Bergen County, NJ
(AAES Engineering, Inc.) The majority owner of the business was in his 60's and was ready to transition into retirement and the minority partner was 50. They decided that the best option would be to sell the business and have the minority owner work for the new acquiring company. We introduced several potential buyers and received multiple offers on the business. The best offer was from a large construction company with multiple offices that wanted to expand their capabilities to provide engineering services. The construction company provided an employment agreement for the minority partner and terms of the deal that satisfied all parties.
Niche Manufacturing Business in New Haven County, CT
We did a comprehensive confidential marketing program which resulted in a large number of potential buyers that signed Non-Disclosure Agreements for more information. We narrowed down the list of potential buyers to those that were the most qualified and interested. The business and related assets had an asking price of $3.0 Million. Due to the large number of potential buyers we were able to sell the business for guaranteed payments equal to the asking price plus allow the seller to earn potential future payments that could bring the total amount paid to $4Million+. Our contacts with SBA Lenders allowed the buyer to finance the deal with a minimal down payment and the seller received over 80% of the sale price at closing. The seller agreed to a paid consulting contract of 12 months with minimal weekly hours allowing for a transition into retirement.
Water Treatment Services Company in Boston, MA Area
(Gurney Water Treatment) Family owned business for over 50 years, being sold by the 2nd generation owner. The business designs, develops, installs and services water treatment systems to all kinds of organizations in MA. We had several potential qualified buyers who made offers on the business opportunity so the seller was in a position to determine which buyer was the right one to carry the business forward. After some due diligence by both buyer and seller, both sides were confident that they had the right fit. The seller has a one year employment agreement to ensure that the transition to the new owner will go smoothly.
Marketing & Management Consulting Company in Westchester County, NY
The company provides a full range of advertising and marketing and management consulting services. We had multiple 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.
Cosmetics Manufacturing Lab in Passaic County, New Jersey
(Contemporary Cosmetics Group) 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 business for sale 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.
Home Health Care Business in Litchfield County, Connecticut
(Northwest Homecare, Inc.) Business that provides Home Health Care Aids to hundreds of 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 90% of the purchase price with the seller providing financing for 10% of the price. The buyer has a Nursing Aid business and wanted to expand his services to provide home health aids.
Technology Company in the Security Industry on Long Island
(Alarmpath/CRN Wireless) 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 for sale and ultimately the best buyer that was able to move forward in a timely fashion came from someone outside the industry.
Land Surveyor Business in New York City
(Lovell Belcher) Two owners were ready to retire after working together for many decades. We were able to introduce two Surveyor companies that were very interested in the business. We were able to sell the business for the full asking price. The sellers will stay on after the sale to help with training and transition of the business.
Workflow Software Company in the Philadelphia suburbs of Burlington County, NJ
(Momentum Software, Inc.) Company that had proprietary software used in Banking, Insurance, Healthcare, government, and manufacturing to allow them to securely transfer files. The products improved workflow in Supply Chain Management, ERP, E Commerce, Electronic Funds Transfer, and Electronic Data Interchange (EDI). With our experience in selling software companies and our large database of potential buyers we were able to quickly introduce a number of potential buyers for the company and a deal was negotiated and closed within a few months from the seller’s initial inquiry to us.
Driver Education Company in 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 for this business opportunity. The business sold to a Private Equity Group.
Flooring Distribution Business on Long Island
Business that sells and distributes carpet & flooring products to tradesmen and designers. The seller of the business initially hired another brokerage firm that charged an upfront fee and was unable to sell their business. After their 6 month period was over the seller contacted us and liked the fact that we committed to market and advertise his business with no upfront fee. We had a number of interested parties and were able to get an accepted offer relatively quickly. When the initial buyer didn't move fast enough to complete the deal, we contacted other potential buyers and were able to sell the business within 6 months of taking the assignment. The second buyer that purchased the business owned a Kitchen & Bath business that was located near the seller's company so both buyer and seller felt it was a very good fit.
Civil Engineering Business in Suffolk County
(Savik & Murray LLP) Owner was in his 60's and was ready to transition into retirement. We introduced several potential buyers and received multiple offers on the business. The best offer was from an Architectural firm that wanted to expand into providing engineering services and also get an office in Suffolk County where some of their clients were. We were able to negotiate a deal that worked for both parties where the seller would stay on after the sale to help with a transition.
Insurance Brokerage in Bergen County, New Jersey
Although our marketing campaign attracted dozens of potential buyers, we spent considerable time qualifying them so that the seller would not have to spend his valuable time interacting with buyers who were either unable or unwilling to meet his pricing target. After winnowing the large field of buyers to only a handful that we introduced to the seller, we negotiated a price that was significantly higher than the prevailing price for comparably sized brokerages.
Landscaping Business in New York
(Ace Landscaping) Seller wanted to retire and had previously hired another broker that was unable to get them the price that they were looking for. We were able to introduce multiple buyers including some other large Landscaping companies that were looking to expand. However the highest offer that was acceptable to the owner came from an individual from Pennsylvania that did not have experience in Landscaping but was interested in moving back to New York and buying a NY based business. We arranged bank financing so the seller only had to provide 10% of the price in the form of seller financing and 90% of the price was paid at the closing with the bank providing 70% of the price and the buyer 20%.
Cleaning & Janitorial Supplies Distributor in Nassau County, NY
(Thunderbolt Distribution) Prior to contacting us the Owner had used another business broker for over a year and half to try to sell his business. After the owner contacted us we were able to locate a qualified buyer within 10 days and have an accepted offer within 20 days. A contract was signed in 6 weeks and the deal closed 10 weeks from our first phone call with the seller. The owner was in his 60's and thanked us for allowing him to retire after a brief transition with the new owner.
Import & Distribution Business in Westchester County
(Empire Mercantile, Inc.) The seller had built up a successful business over the years importing goods primarily from China and distributing them to their US customers. He was ready to retire at age 68 and interviewed a couple of business brokers to represent him and chose Synergy Business Brokers for our comprehensive Marketing approach. We were able to provide him with 3 offers and he sold the business for full asking price. The seller will stay on after the sale for a couple of months to provide training and a transition.
Spray Foam Insulation Company in the Finger Lakes Region of NY (outside of Rochester)
Business that provides energy star insulation for both commercial and residential customers saving them money on their Heating and Air Conditioning bills. We were able to locate a buyer that did not need bank financing and was able to pay over 80% of the purchase price at the closing with the seller financing the balance. Both buyer and seller were a pleasure to work with and were appreciative of our work in facilitating the process.
HVAC Company in Middlesex County
They provide installation and service of Heating, Ventilation, and Air Conditioning systems for commercial and residential customers. They also provide energy rating services that allow their customers to use energy more efficiently. In addition to conventional HVAC systems they provide installation of solar and geothermal systems. The owner of the business was eager to retire and relocate overseas to the country where he grew up. We were able to introduce a buyer to him within a week and close the deal in 3 months. The seller will stay on for a couple of months to help with the transition before he moves overseas.
Manufacturing & Distribution Specialty Food Business located North of Albany, NY
The Business supplied their specialty food products primarily to Supermarkets. We had a number of interested buyers and the buyer that won out, had relationships with other supermarkets that the seller didn't have and vice versa so the opportunity to cross sell into each others customer base was very synergistic. The buyer was very interested in the contacts that came from the business and the buyer was looking to move from their high rent district in the Rochester, NY Area. They were able to get a favorable deal with the landlord for additional space in the Albany area at almost half the square foot rate they were paying in Rochester. Since the buyer was experienced in the industry he only required the seller to stay on board for a two week transition period which is exactly what the owner wanted because he was ready to retire.
Supply Chain Software Company with Patented Reverse Auction technology in Manhattan
(Printvision, Inc.) Their technology allows their customers to reduce their costs with their suppliers. We were able to locate several potential buyers and the best offer came from an Asian software company that was in a similar business and wanted to get a foothold in the US Market.
Energy Conservation, Certification & Analysis firm in Middlesex County, MA
Company that analyzed how to cost effectively reduce energy costs with testing, building code verification, and certification services including LEED certifications, Energy Star, Green Building requirements, thermal imaging analysis, and more. Provided services to architects, general contractors, remodelers, HVAC contractors, as well as homeowners. We set up meetings with multiple potential buyers and the best offer came in slightly under the asking price. The buyer was motivated and saw the value of the company, so he was willing to raise his offer to full asking price and was able to get SBA financing for the purchase.
Chemical Import & Distribution Company in NY
The seller already had a buyer for one product line of his company. He retained us to sell the other part of the company. The buyer that made the best offer needed bank financing because the seller was only willing to provide 10% of the purchase price in seller financing. We were able to use our banking contacts to walk both buyer and seller through the process. The financials needed to be restructured to show the income and expenses of the business without the product line that was not part of the sale. In addition to the price paid at the closing, seller was provided with financial payments and incentives to stay on after the sale and assist the buyer.
Concrete Pumping Business
Business that provides Residential and Commercial Concrete pumping for foundations, walls, floors, and more. The owner had the business for many years and was ready to retire. Our marketing led to multiple offers and we negotiated terms with a buyer that was able to provide the seller with what they were looking for and the buyer was able to secure bank financing.
Closet & Storage Design, Manufacturing and Installation Business in Fairfield County, CT
The seller was ready for a change after working in the business for a number of years. They engaged us to sell their business. We located a number of potentially interested buyers. The best offer came from an overseas buyer in Europe that wanted to live in the United States with the purchase of a business under the E-2 Visa program. We negotiated terms that worked for both parties and the buyer was able to realize their dream of living in the US and the seller will help them with a transition.
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. The buyer did not need outside financing. He paid the majority of the purchase price at the closing and the seller financed the balance over 5 years. The seller will stay on after the sale to provide a smooth transition.
Unique Manufacturing & Fabrication Business
Provided custom and off the shelf products to distributors and direct to consumers. The business had been previously listed with multiple business brokers. We were able to find the right buyer for this niche manufacturer and close the deal.
IT Services Firm with expertise in ERP, CRM, BPM, Ecommerce, and Business Analytics located in the South East
An M&A firm that had the assignment to sell this business wanted our assistance in locating a potential buyer. We utilized our database of 15,000 potential buyers and experience in selling technology companies to locate a number of potential buyers which the M&A firm introduced to their client. They were able to close on a deal that worked for our buyer and their seller.
Civil Engineering & Surveyor Company on the Jersey Shore (Ocean County, NJ)
(O'Donnell Stanton) Two partners were both ready to retire and they had some family members in the business so they wanted to make sure they got the right buyer that would take care of the employees and customers and they decided that another larger engineering firm in the NY/NJ area would be the best fit to take over their business. The owners are staying on after the sale to ensure a smooth transition.
Health Care business for Psychotherapy, Physical Therapy and Occupational Therapy
We had several inquiries and sold the business to someone that had experience in the industry and was able to bring their expertise to the business with the help of a transition from the owner to insure that ongoing care was provided to their patients.
Internet Dry Cleaner Business Based in New Jersey
(Flat Rate Cleaners) 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.
Asset & Facilities Management Software Company
(Williams & Associates) This software company provided asset and facilities management software products and services to government and utilities. The seller wanted the stability and steady income 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.
Home Care Franchise in Fairfield County, CT
(Synergy Homecare) 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.
(James LaSalla Associates) Business that specializes in providing engineering services to large telecom companies. 60% of the company's revenue was from AT & T. We contacted hundreds of engineering firms to get some companies that were comfortable with submitting an acceptable offer on a company that relied so heavily on one customer. We were able to get about 20 to sign Non Disclosure Agreements and 3 submitted offers. We closed on a deal for 90% of the sellers asking price. The buyer was a larger diversified engineering firm that wanted to provide additional services to new clients.
Publishing company with many years in business was quickly sold to an overseas buyer who was looking for a solid business, combining both ease of operation with potential expansion possibilities. Contract was signed within 45 days of listing the business for sale.
Email Marketing Software Company
(Entertainment Arts Research, Inc.) We had a number of potential buyers and ultimately the best offer was from a public marketing and communications company that saw an opportunity to leverage the proprietary software of our client. They will keep the owner of the company on for a period of time after the sale to help them make the best use of the technology, clients, and staff of the company.
Engineering Company in the Hudson Valley, NY
(Eustance & Horowitz) We had multiple offers on this business opportunity. 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, NY
(Liquid Discount) 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.
Interior Design & Construction firm for Luxury Residential Homes & Apartments
The owner initially contacted us to get an idea of the process of selling the business even though they weren't quite ready to retire. After they thought about for a while and talked it over they decided to engage us to sell their business with the idea that they would stay on and work with the buyer for several years as a transition into retirement. We introduced a buyer that had very good chemistry with the seller. They were confident that it would be a great working relationship and the seller agreed to provide some financing so the buyer could pay some of the sale price over time.
Owner was interested in retiring. We had multiple offers on the business for sale and the ultimate buyer was another insurance company that wanted to expand their book of business.
Printer & Copier Business
(C Point) 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.
Electronic Medical Records (EMR) Software Company in Morris County, NJ
(Life Systems, Inc.) The owner of this successful software company was ready to retire. We located a number of potential buyers and the best offer came from an experienced software executive. We negotiated the terms and kept the deal on track through due diligence to close the deal.
Wine Store in Scarsdale, NY
(Heathcote Wines) 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.
Kitchen & Bath Business
Established Business that sells and installs Kitchen & Bath fixtures, tiles, etc. Owner wanted to retire. We were able to locate several buyers both within the industry and outside the industry and the buyer ended up being someone from outside the industry.
Point of Sale Computer Hardware & Software Reseller
(Action Computer Systems, Inc.) 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.
E Commerce Business
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 without the need to provide any seller financing.
Engineering & Survey Business in Orange County, NY
(Zimmerman Engineering) 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.
Wine & Liquor Store in New Rochelle, NY
A national business brokerage firm tried unsuccessfully to sell this business before the seller turned to Synergy Business Brokers. 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
(FasTracKids) We were able to get multiple potential buyers for this business opportunity and as a result we were able to get the full asking price for the seller.
Roofing Contractor Business
(Marcellino Roofing) 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.
Environmental Remediation Company
Company that specializes in soil excavation, removal and replacement; mold inspection and remediation; and oil tank removal and installation. Seller had owned the company for many years and was ready to retire. We located multiple potential buyers and negotiated terms that worked for buyer and seller. The seller will provide a brief transition.
Performing Arts School in Connecticut
The owner sought our assistance after a potential sale with another buyer fell through. While the optimal buyer needed to be someone with an interest in the performing arts, he or she would also need a solid business management background. Using a combination of direct marketing campaigns and Internet advertising, we found a buyer with the qualifications required to successfully manage and grow this unique enterprise, as he had extensive experience producing large-scale entertainment events, coupled with strong financial management expertise.
(John Bauso Landscaping, Inc.) As a result of our previous experience selling Landscaping businesses the owner of the business was confident in our ability to represent him in the sale of his business. We were able to introduce multiple buyers and negotiation a sale price and terms that worked for both buyer and seller. The seller will stay on after the sale and be paid a consulting fee with the amount of hours worked decreasing over time.
Wine & Liquor Store
(Palladium Wines) The owner had previously listed the business with another business 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 for sale.
(Centre Avenue Laundromat) 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.
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.
Interior Design and Fabrics business
(By the Yard) They provided in home consultations for interior design and provided installation and service. We found a buyer that had experience in the business.
Retail Store in Fairfield County, CT
We sold a specialty retail store that caters to wealthy clients in Lower Fairfield County, CT.
Car Wash in New York City
2 Year Old Car Wash located in Busy Urban Area. Long Lease.
Wine & Liquor Store
(Pickwick & Pindle) The owner had unsuccessfully 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 multiple offers after a month and we sold to the highest bidder.
Awards & Promotions Business
(Phyllis Victor) Business Selling trophies & promotions directly to country clubs and businesses for awards and promotions as well as retail. 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.