Patel shines with Sunbelt business brokerage chain
Below is a MRR and PLR article in category Business -> subcategory Entrepreneurs.
Patel Excels with Sunbelt Business Brokerage Chain
Summary
Satish Patel, CEO and President of Sunbelt Business Sales and Acquisitions in New England, is paving the way for significant growth in the region. With four established offices in Massachusetts and plans to add six more in the next three years, Patel is making waves in the mid-market Mergers and Acquisitions (M&A) space. Renowned as a leading business broker in New England, his reputation continues to flourish.
Highlights
Satish Patel, originally from Mumbai, India, founded his Sunbelt franchise in New England in 2003. He has successfully expanded it to four offices, with ambitious plans for further growth. Sunbelt Business Advisors Network LLC, headquartered in Independence, Ohio, is a prominent firm dedicated to facilitating business sales and acquisitions, boasting 300 offices across the U.S. and in 30 other countries.
Under the ownership of Merrymeeting Inc. since 2006, Sunbelt handles approximately 4,000 business sales annually, focusing on transactions ranging from $3 million to $30 million.
Edward Pendarvis, Sunbelt's founder, praises Patel for his ability to manage complex and high-value deals, a testament to Patel's business acumen.
Patel's impressive educational background includes a degree in international management from Maharaja Sayajirao University in India and an accounting degree from California State University, Fullerton. His professional journey saw him serving as CFO at his brother's software startup and aiding his wife's retail business expansion, experiences that inspired his foray into business brokerage.
Business Strategy
Patel's franchise excels by targeting both small businesses and larger M&A transactions. By catering to both markets, Patel ensures his franchise remains versatile and competitive. He describes the brokerage process as a strategic one, aiming to attract multiple bidders to maximize company value.
The franchise employs around 25 professionals and generates 50% of its revenue from small business sales, with the remainder from larger M&A deals. By offering services to both business-broker and merger-and-acquisition buyers, Patel provides a comprehensive approach few can match.
Future Goals
Patel plans to expand his franchise significantly throughout New England, aiming to open 10 offices. He is keen on transforming his franchise into a full-fledged investment banking service, accommodating small to mid-sized businesses with consulting, financing, and seamless transaction processes.
In addition to his New England ambitions, Patel holds a stake in Sunbelt's India territory, with plans to establish offices in Mumbai and Gujarat, tapping into the increasing cross-border transactions between Indian and American companies.
Achievements
Patel’s franchise has closed hundreds of deals since its inception. Highlighting its success, it received recognition for closing the largest deal within the Sunbelt network last year, involving the $50 million sale of a building material supply company.
Patel’s strategic vision and dedication are not only expanding his franchise's reach but also setting a new benchmark in the brokerage industry, making Sunbelt a powerhouse in business sales and acquisitions.
You can find the original non-AI version of this article here: Patel shines with Sunbelt business brokerage chain.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.