WOBURN, Mass. – Satish Patel has large plans for his Sunbelt Business Revenue & Acquisitions franchise in New England, which he commenced in 2003. Patel, the main government officer and president, has developed his franchise to 4 places of work in Massachusetts, and he is looking to develop to a further six places of work in excess of the up coming 3 a long time.
Sunbelt Business Advisors Community LLC is a nationwide business brokerage company dependent in Independence, Ohio, that aids persons invest in and provide enterprises. Sunbelt has three hundred places of work in the United States as perfectly as in 30 nations and employs one,500 business brokers. In February 2006, Sunbelt was obtained by Merrymeeting Inc., an expense company that focuses on obtaining and establishing franchised brand names.
Sunbelt focuses on: typical enterprises with gross sales of less than $one million and less than twenty workforce, as perfectly as franchise re-sales. Typical brokerage promotions are in the $three million to $30 million variety. Sunbelt brokers the sale of about 4,000 enterprises yearly.
Sunbelt was started in 1978 by Edward Pendarvis, who continues to be chairman emeritus. Pendarvis first met Patel at a Sunbelt franchise meeting and stated he is in the “higher tier” at Sunbelt because he is able to broker some of the chain’s larger sized promotions. In accordance to Pendarvis, the finest brokers are these who have practical experience in business and recognize it, and what makes Patel a excellent businessman is that he is excellent at dealing with persons.
Patel is at first from outdoors of Mumbai and came to the United States about twenty a long time in the past. He has a degree in international management from the Maharaja Sayajirao University in Baroda, India, and an accounting degree from California Condition University, Fullerton. He is also a charter member of The Indus Business owners.
He is a licensed community accountant and immediately after about ten a long time in accounting, he turned his brother’s main money officer at his application get started-up, supporting sales access $ten million and arranging for the sale of the corporation in 2000.
He turned involved in supporting his wife’s modest chain of retail suppliers, which grew to about a dozen, and was later on offered to a community corporation.
Patel stated when he and his spouse have been looking for anyone to depict them in offering their retail chain, he could not discover anybody who was capable to handle a huge transaction like this, or anyone he could have faith in. This stuck in his thoughts, and he commenced exploring and looking into this business sector.
Patel stated he likes the broker business because it is difficult, difficult, and there are not a lot of excellent brokers out there. He added that staying a business broker is about the system, by way of which discovering the appropriate buyer can enjoy the optimum worth for a corporation.
“Our target always is to discover several persons bidding on the …