Sunbelt Business Brokers primarily provides brokerage services for clients who are seeking to purchase or sell a business. The brokerage company offers consultation and advisory for the buying and selling of small to middle market businesses, states the Bloomberg website. Among the types of businesses that Sunbelt can provide intermediary services for include franchised and nonfranchised restaurants, retail stores, professional service firms and small-scale manufacturers.
Ed Pendarvis founded the Sunbelt Business Brokers in 1978 in Charleston, South Carolina. Since then, Pendarvis has been licensing business brokerage firms using the Sunbelt brand in the 1990s. This business brokerage franchise system soon made the Sunbelt brand the world's largest business brokerage operation, notes the Sunbelt corporate website.
In 2006, Merrymeeting, Inc., bought the brand and with the acquisition, Sunbelt was able to hold on to its position as the top business brokerage firms. Sunbelt has more certified business intermediaries than other firms as well as have more business for sale listings than its competitors combined, as the company claims on their website.
Sunbelt also offers other services in addition to its intermediary services. These are pre-offering analysis, acquisition strategy and marketing plan development, memorandum drafting, valuation, business review, negotiation, due diligence, deal closure, restructuring, private debt placement, and financial and post-closure consulting services.