Businesses that we have sold
Below are some of the recent businesses that Synergy Business Brokers has sold.
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.
Electronic Health Records (EHR) Software Company in NY Metro Area
(Sigmund Software) 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.
Home Health Care Business in Litchfield County, Connecticut
(Northwest Homecare, Inc.) A 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 aides.
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.
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 the full asking price. The seller will stay on after the sale for a couple of months to provide training and a transition.
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.
Niche Manufacturing Business in New Haven County, CT
(Record Products of America) 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. Our contacts with SBA Lenders allowed the buyer to finance the deal with a minimal down payment and the seller received over 85% 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.
Asset & Facilities Management Software Company in New York
(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.
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.
Technology Company in the Security Industry on Long Island
(Alarmpath/CRN Wireless) A company that manufacturers wireless security devices which they sold to home alarm and security companies. The seller did not want to sell to a direct competitor or customers 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.
Workflow Software Company in the Philadelphia suburbs of Burlington County, NJ
(Momentum Software, Inc.) A company that has 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
(PAS Auto School) 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.
Civil Engineering Business in Suffolk County
(Savik & Murray LLP) The 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.
Landscaping Business in New York
(Ace Landscaping) The 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 a 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.
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. The seller wanted to take some time off from working the business and was able to do so after completing the sale.
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 ongoing clients.
(James LaSalla Associates) A 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 seller's asking price. The buyer was a larger diversified engineering firm that wanted to provide additional services to new clients.
(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 negotiate 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 number of hours worked decreasing over time.
(Formula One) 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
(Plastic Works) Provided custom and off the shelf products to distributors and directly 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.
Educational Franchise for Kids
(FasTracKids) FasTracKids offers a variety of educational programs for kids ages 6 months to 8-year-olds to ignite children’s passion for education. They also have educational camps and other opportunities to combine Fun & Learning. With our experience in selling educational businesses, we were able to get multiple potential buyers for this business opportunity and as a result was able to get the full asking price for the seller.
Roofing Contractor Business
(Marcellino Roofing) The 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.
Internet Wine Business in Rockland County, NY
(Liquid Discount) A 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.
Insurance Brokerage in Bergen County, New Jersey
(Wiggers Insurance) 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.
Spray Foam Insulation Company in the Finger Lakes Region of NY (outside of Rochester)
(Midlakes Insulation) A 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
(Legacy Mechanical Group) 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.
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.
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.
Flooring Distribution Business on Long Island
A 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.
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 other's 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.
Energy Conservation, Certification & Analysis firm in Middlesex County, MA
A 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, the seller was provided with financial payments and incentives to stay on after the sale and assist the buyer.
Concrete Pumping Business
A 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.
IT Services Firm with expertise in ERP, CRM, BPM, E-commerce, 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.
Manufacturer & Distributor of Architectural Glass & Aluminum located in Connecticut
A company that fabricates and sells custom glass and aluminum to contractors and construction companies that install their products for residential and commercial customers. Their products are used in kitchen and baths, storefronts, railings, countertops, flooring, and interior and exterior construction. We marketed the company to potential buyers within the construction industry and outside the industry. The best offer came from a buyer in his 30s who had managed a wealthy family office investment fund. He had accumulated significant funds himself and decided it was time to open up his own investment firm and this was his first investment. He purchased the business and real estate with his own funds and did not need any outside financing which lead to an easier closing. The Real Estate had a 12,000 sq. ft. facility.
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.
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.
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 ensure that ongoing care was provided to their patients.
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. A 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.
Day Care & Preschool Business & Property in Hartford County, CT
A business that provides daycare for children ages 6 months to 10 years old. They provide child development programs and education classes. The owner was ready to retire and we found a buyer that would show the same care that the owner had for the business.
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 seller's debt in addition to a purchase price.
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.
The 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.
Electronic Medical Records (EMR) Software Company in Morris County, NJ
(Life Systems Software) 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. The 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.
Sold products nationwide and built up an 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.
Electronic Components Manufacturer in CT
They provide comprehensive, advanced electronic design and manufacturing services. They manufacture printed circuit boards (PCB) and other electronic design and assemblies for their customer's needs including product development. They service customers in industries that include: telecommunications, industrial controls, exercise equipment, industrial testing, and consumer equipment. The owner had a 15,000 sq. ft. building that he will lease to the new owner. The buyer had an engineering and manufacturing background and had funding from Hong Kong sources. The deal was completed in less than 5 months from our marketing program.
Engineering & Survey Business in Orange County, NY
(Zimmerman Engineering) The 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. The seller also signed a 4-year employment agreement which allowed him the option to retire earlier than the 4 years if he so desired.
Awards & Promotions Business
(Phyllis Victor) Business Selling trophies & promotions directly to country clubs and businesses for awards and promotions as well as retail. The owner was ready to retire. The buyer was looking for a business that had a long track record and seller that was willing to help him transition his relationships.
Computer Solutions & Services Provider
(Triax Computer Services) Company specializing in providing computer solutions including hardware, software, and services to the Education market as well as other industries. The 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.
Environmental Remediation Company
A company that specializes in soil excavation, removal, and replacement; mold inspection and remediation; and oil tank removal and installation. The 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.
Day Care & Preschool Business in New Haven County, CT
A business that provides daycare and preschool education. The owner was ready to retire and owned the business and real estate. We sold the business and the buyer will lease the property with an option to purchase it.
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.
Heating & Cooling (HVAC) Company in the Finger Lakes Region of NY
They do about 600 installation jobs per year with both commercial and residential. They also service and repair HVAC systems. The buyer owns a large automation and controls company in upstate NY that is looking to purchase additional HVAC companies to expand their reach in NY. The sellers of the business will stay on for a year after the sale with a salary, commission, and company car. The deal closed in about 4 months from when we began marketing it.
Medical & Physical Therapy Business
A business owned by a Physiatrist Medical Doctor & Acupuncturist. They provided additional Medical therapies and had on staff a Physical Therapist, Chiropractor, Massage Therapist, and provided Pain Management Services. The business was sold to a Physician that wanted to diversify their income from beyond their own medical practice. The seller will help with a transition of the business before they retire.
Digital Production Company in Brooklyn, NY
They provided a number of digital services including digital reproduction, digital backup, video transfer, networking services, and more. The owner purchased the business a few years ago and wanted to relocate out of the country. We were able to get several offers and the business sold for close to the full price with the seller providing some financing to the buyer.
If you are considering selling your business and would like a confidential consultation please fill out our Confidential Seller Registration Form. We sell businesses with annual revenues of $600,000 to $40 Million. If you are interested in buying a business please view our current: Businesses for Sale. To view our corporate video visit Synergy Business Brokers on Youtube.