Synergy Business Brokers is a leading Mergers & Acquisitions (M&A) firm specializing in the sale of privately held companies with annual revenues ranging from $700,000 to $70 million. The firm operates across various industries, including construction, manufacturing, healthcare, services, technology, and transportation.
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- Multiple positive reviews
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Leadership
The company is led by Blake Taylor, the Founder and Managing Director. With over 30 years of business experience, Blake has been instrumental in growing startups and working with Fortune 500 companies. His expertise in negotiating and closing large deals has been pivotal in the firm’s success.
The leadership team also includes professionals like Raj Sheth, a Senior M&A Broker based in Long Island, NY. Raj brings 30 years of experience across industries such as manufacturing, healthcare, insurance, real estate, retail, and finance. He has closed nearly 500 transactions and is recognized for his ability to lead companies from insolvency back to profitability.
Services
Synergy Business Brokers offers a comprehensive suite of services tailored to meet the diverse needs of business owners and prospective buyers:
- Business Sales Representation: The firm assists business owners in selling their companies by providing confidential consultations, accurate valuations, and strategic marketing efforts. They focus on businesses with an owner’s annual net income (including profit, salary, and benefits) of $250,000 to $15 million.
- Mergers & Acquisitions Advisory: Synergy guides clients through the complexities of M&A transactions, ensuring a smooth process from initial valuation to closing. Their extensive experience allows them to navigate the intricacies of mergers and acquisitions effectively.
- Industry Specialization: The firm specializes in sectors such as construction, manufacturing, healthcare, services, technology, and transportation. This focus enables them to provide in-depth market insights and connect clients with qualified buyers within these industries.
- Confidential Consultations: Understanding the importance of discretion, Synergy offers confidential consultations to discuss the specifics of a business and provide a recommended asking price without any obligation.
With a commitment to professionalism and a track record of successful transactions, Synergy Business Brokers has established itself as a trusted partner for business owners looking to sell their companies. Their personalized approach and industry expertise ensure that clients receive maximum value for their businesses.
Synergy Business Brokers Reviews and Complaints
Synergy Business Brokers has received feedback from clients and industry reviewers across various platforms. Here’s a detailed overview:
Client Testimonials
On their official website, Synergy Business Brokers features testimonials from clients who have engaged their services. For instance, a client named Raj Sheth expressed satisfaction with the firm’s professionalism and dedication throughout the business sale process.
Birdeye Reviews
According to Birdeye, Synergy Business Brokers LLC holds a 5-star rating based on 6 customer reviews. Clients have praised the firm for its professionalism and effective communication. One reviewer mentioned, “Raj tirelessly and patiently educated me to the pros and cons of each [offer]. When we finally made our selection, it took several months to close the deal. Mr. Sheth never wavered and never failed to return my calls as he walked me through the process.”
ProvenExpert
On ProvenExpert, Synergy Business Brokers has a profile where clients can leave reviews. However, specific ratings or detailed feedback are not provided in the available information.
Industry Recognition
Synergy Business Brokers has been recognized among the top business brokerage firms in the United States. Established in 2002, the firm has grown its customer base to over 30,000 and is listed among the top 10 brokers in the country.
Synergy Business Brokers has garnered positive feedback from clients, highlighting their professionalism and dedication. Industry recognition further underscores their standing as a reputable firm in the business brokerage sector. Prospective clients are encouraged to consult multiple sources and conduct thorough due diligence to ensure the firm aligns with their specific needs and expectations.
Their fee structure and diverse portfolio of listings provide valuable insights into their operations:
Their Fee Structure
Synergy Business Brokers operates on a success-fee basis, meaning they charge a commission only upon the successful sale of a business. They do not require any upfront or retainer fees, aligning their compensation with the successful completion of transactions.
The commission rates are typically negotiated based on the specifics of each deal. While Synergy Business Brokers does not publicly disclose their exact commission percentages, industry standards indicate that business broker commissions generally range from 5% to 15% of the sale price, with an average around 10%.
Example Listings
Synergy Business Brokers manages a diverse array of businesses for sale, catering to various industries and investment levels. Here are some examples that highlight the scope of their offerings:
- Global Telecommunications Company
- Asking Price: $22,000,000
- Annual Revenue: $14,500,000
- Net Cash Flow: $4,435,378
- Overview: A highly recognized international carrier providing Voice, SMS, and Data services worldwide. The company boasts a strong reputation and significant cash flow, making it an attractive opportunity for investors in the telecommunications sector.
- Growing Pool and Spa Business
- Asking Price: $4,100,000
- Annual Revenue: $7,397,947
- Net Cash Flow: $1,339,502
- Overview: This rapidly expanding business specializes in hot tubs, swim spas, and saunas, having doubled in size since 2020. It presents a lucrative opportunity for buyers interested in the recreational and wellness industry.
- Established Water Treatment Services Business
- Asking Price: $2,200,000
- Annual Revenue: $3,195,529
- Net Cash Flow: $1,117,822
- Overview: With over 35 years in operation, this business provides solutions to common water usage problems and has a client base exceeding 10,000 active clients. It’s ideal for buyers looking to enter or expand within the environmental services sector.
- Lighting Wholesaler and Distributor
- Asking Price: $1,320,000
- Annual Revenue: $4,906,634
- Net Cash Flow: $385,930
- Overview: An over 40-year-old thriving lighting distributor catering to contractors and businesses, offering a diverse product line and a loyal customer base. This business is suitable for those interested in the wholesale and distribution industry.
These listings exemplify Synergy Business Brokers’ capability to handle a wide range of business types, from telecommunications and manufacturing to services and distribution. Their extensive portfolio reflects their commitment to matching buyers with businesses that align with their interests and investment goals.
For a comprehensive view of available businesses, prospective buyers can visit Synergy Business Brokers’ official website, which features advanced search options to filter listings by industry, location, and financial criteria.
By exploring these listings, potential buyers can gain a better understanding of the opportunities facilitated by Synergy Business Brokers and assess how these align with their investment objectives.