Businesses That We Have Sold

Below are some of the businesses that Synergy Business Brokers has sold recently. We have experience selling companies in technology, manufacturing, construction, services, distribution, healthcare, engineering, transportation, and education.

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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.

Medical & Physical Therapy Business
(Millenium Medical Rehab)

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 beyond their own medical practice. The seller will help with a transition of the company before they retire. Contact Synergy Business Brokers to sell your Physical Therapy Business.

Heating & Cooling (HVAC) Company in the Finger Lakes Region of NY
Interstate Heating & Cooling

They do about 600 installation jobs per year with both commercial and residential customers in the Finger Lakes Region. They also service and repair HVAC systems. The buyer owns a significant 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.

IT Consulting Company
Medullus

The business provides specialized IT Services for a variety of different applications, including 1. Cash Management applications to improve the use of cash for corporate customers. 2. IT Services to improve the workflow of Buying Groups and Co-Ops. 3. Business Process Re-Engineering (BPR). 4. Testing Automation. 5. Digital Process Automation. The owner was ready to retire. As with all of our IT assignments, there were plenty of interested buyers. It took some time to narrow the potential buyers down and work with the ones that were most interested and qualified.

Entertainment Complex
Bounce

The business provides fun for kids, teens, and the whole family. They have trampolines, climbing, basketball, dodgeball, foam pits, ninja course, and more. They have business from parties and special events as well as walk-ins.  We were able to find a buyer that was willing to invest in the business to provide some needed updates.

Interior Design and Fabrics business
By the Yard

Westchester Based business that provided in-home consultations for interior design and provided installation and service. We found a buyer that had experience in the industry.

Surgical Medical Practice in the Hudson Valley
Loomis Plastic Surgery

Surgical Practice was sold to another Surgeon that wanted to expand their practice. We negotiated a price and terms that worked for both parties. Contact Synergy Business Brokers to sell your surgical medical practice or view our healthcare businesses for sale.

Day Care & Preschool Business in New Haven County, CT
Sunshine Preschool

A business that provides daycare and preschool education. The owner was ready to retire and owned the business and real estate. We sold the company, and the buyer will lease the property with an option to purchase it.

Window Treatment
Window Treatment Business

We sold a business that has provided window fashions for over 32 years. The company offers a complete selection of custom window treatments for residential and commercial clients, including blinds, shades, shutters, motorized window coverings, and more. The business was sold within 8 months of the seller’s inquiry with us. 

Landscaping, Snow Removal & Sprinkler Company
LSI, Services, Inc.

The business had both commercial and residential customers landscaping maintenance customers. They also provided landscaping installations, sprinkler systems, excavations, paving, and rock and retaining walls. The owner of the business wanted to spend more time with their family. They hired us because of our experience in selling multiple landscaping businesses. We had several potential buyers. The buyer with the best offer had an investment banking background and had already purchased landscaping businesses in the South and wanted a NJ presence. We arranged an introduction to a bank that we have worked with a number of times. They were able to get the financing to provide the seller with the bulk of the purchase price paid at the closing. The seller also owned the building and will receive rent payments from the business owner. He will stay on after the sale and be paid a salary to ensure that everything goes smoothly with the new owner.

Performing Arts School

The owner sought our assistance after a potential sale with another buyer fell through. While the optimal buyer needed to be someone with 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. Contact us to sell your performing arts or other entertainment business. 

Closet & Storage Design, Manufacturing and Installation Business

The seller was ready for a change after working in the business for many years. They engaged us to sell their business. We located several 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. Contact us to sell your closet and storage business.

Pasta Sauce National Brand Distributor with Proprietary Recipes
Jersey Italian Gravy

The owner built up a successful national pasta sauce brand. He was eager to sell quickly because he had another project that he wanted to invest money in and wanted to roll over the proceeds of the sale of this company into his next project. We were able to quickly locate potential buyers and the business was sold in a few months from the time of the seller’s initial contact with us. The seller will stay on to help the company grow and receive a percentage of the sales revenue to allow him to capitalize on the continued success of the business. The buyer was a successful businessman that wanted to diversify beyond his current industry of focus.

Home Care Business
Quality Homemakers, Inc.

The owner had the business for 25 years and has two locations. Due to our experience selling multiple homecare businesses, she hired us to sell her business. We introduced several potential buyers, but the one that gave the best offer was from an individual who like the growth prospects of the company and industry with an aging population. It was also within commuting distance of his home. He didn’t have all of the funds to purchase the business so we introduced our banking contacts who were able to provide the buyer with financing to enable the seller to get paid at the closing with a small amount that would be paid in the future after the seller assists with a transition.

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 the buyer and seller. The seller will provide a brief transition.

Kitchen & Bath Business
Ferrari Kitchens & Baths

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. Contact us to sell your kitchen & bath business.

Interior Design, Renovation, and Construction Company
KS Renovation

Our client owned a company that does high-end interiors for their wealthy clients. They do interior design, painting, floors, electricalplumbingmillwork, maintenance and repairs, and more.  The owner of the business was interested in retiring and hired us because of our experience in selling interior design and construction businesses. We spoke to many potential buyers, and one buyer we had a relationship with was initially interested in buying a profitable dry cleaner from us, but when he saw this business, he immediately thought of a friend that had a similar business and wanted to invest with him. They quickly made a substantial offer that was accepted and the business sold in less than 3 months from listing to closing. The buyers were well off and did not need any bank financing, which allowed for a fast closing.

Marketing Agency
The Byne Group

The seller of this award-winning integrated agency was ready to retire after having founded this business 20 years previously. Our marketing campaign attracted many regional and national buyers. The business was sold to an established media-buying company that viewed the acquisition as an opportunity to promote its services to the seller’s clients while strengthening relationships with its clients by offering them a broader range of services. We played a major role in successfully resolving a number of complex legal issues. The buyer did not require any external financing, which helped expedite the closing. To facilitate a seamless transition, the seller agreed to continue to participate in the business on a part-time basis for three years.

Adult Foster Care business providing home care services to elderly

This is a Group Adult Foster Care business that provides non-medical home health care through MassHealth, which is an MA state-sponsored program. This listing was a referral from one of our current listings, and that listing was a referral from a listing we sold a few years ago.    We listed this in May, so it took only six months to close from start to finish.  We met with our buyer one month after the listing went live. He owns another Home Health Care company in CT and wants to expand. He presented a full price LOI for $2.8M, right after the meeting.  He came in with a relationship with 44 Capital for financing.  The sellers will hold a 5% ($140K) note on standby but the buyer wants to pay it off early. There is also a $100K escrow holdback to be released after 4 months if there are no claims. This was a stock transaction which is how most of these deals go when the selling company is aligned with a state sponsored program and has earned accreditation (lots of red tape so it’s easier to transfer the EIN). The buyer is actually going to change the name of his CT company to this one and fold his operation into this one as it has more infrastructure and a better name.  We introduced the seller to an attorney we have used before. Both sides were equally motivated so things went pretty well.  We had a hiccup at the end when the landlord demanded an extra $10K on top of the $5K security deposit to transfer the lease and the buyer didn’t want to pay it so the sellers kicked it in as they didn’t want to lose the deal this late in the game.  

Computer Solutions & VAR
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 company to another IT professional that wanted an additional revenue base and clients to cross-sell with his current offerings. Contact Synergy Business Brokers to sell your VAR business.

Real Estate Property Management Company in Ulster County, NY
Teso Realty Corp.

Handles the management of residential properties from single-family homes to apartment buildings in the Adirondack area of New York.  Their clients have the option of services ranging from maintenance, rental service only, or a turnkey full management of their property.

Promotional Products & Awards Business
Phyllis Victor

Business Distributing & Selling promotional products and awards directly to businesses and large country clubs for awards and promotions. The owner was ready to retire. The buyer was looking for a company that had a long track record and seller that was willing to help him transition his relationships. Contact Synergy Business Brokers to sell your promotional products business. 

Lamp Shade Manufacturing & Distribution Company in Middlesex County, NJ
New Brunswick Lamp Shade Corporation

The business had been in the family for three generations and over 75 years. All products are manufactured in the US and were sold B2B. Customers are retail stores, distributors, hospitality companies, and interior artisans. The owner was ready to retire and wanted us to find the right buyer for his business. We located several potential buyers and sold the business within 7 months of starting our marketing campaign. The buyer was another manufacturing company whose owner wanted to diversify its products and expand through acquisition. Contact us to sell your lighting products and services business.

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.

Electronic Components Manufacturer for the fitness industry
ESI Electronic Products Corp.

They provide comprehensive, advanced electronic design and manufacturing services. They manufacture printed circuit boards (PCB) and other electronic design and control 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. Contact Synergy Business Brokers to sell your component and parts manufacturing and distribution business. 

Airport operations consulting company
This was an airport operations consulting firm based in Albany, NY. The owner worked only a few hours a week. The listing was very active from the start.  We originally thought this was a perfect bolt-on for a well-funded engineering company that wanted to start or enhance consulting with airports. Big firms like Bowman Consulting(NASDAQ: BWMN), quickly became interested and in talks.  All of these interested parties were more interested in the owner rather than his company as his reputation in the aviation industry was well known and his knowledge desired. At this point the owner decided to try and sell to the three key employees. This was structured and the owner was to finance the deal over 12 years. However, the owner indicated he wished we could get an all-cash deal and the employees didn’t have the funds for this and were getting cold feet. In the meantime, we got several inquiries since he decided to try to sell to the employees. He decided to go with a group that we introduced that could provide nearly all cash at the closing with a SBA financing and were able to pay the full asking price. The owner decided to provide 3 key employees with some equity, and the FT employee was promoted to president of the firm. The owner will stay on as a 1099 consultant and is looking forward to his new role.
E-Commerce Business

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. Contact Synergy Business Brokers to sell your e-commerce business.

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. Contact us to sell your Point of Sale 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 many 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.

Insurance Brokerage

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.

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