Transworld Business Advisors Partners with United Franchise Group This October Transworld Business Advisors marked its 6-year anniversary partnering with United Franchise Group (UFG). An anniversary is a great opportunity to look at Transworld in review - who we are, who we serve and our role in the business brokerage industry. Transworld Business Advisors was founded in 1979 and is headquartered in sunny Fort Lauderdale, Florida. During its almost 40 year existence, Transworld has been able to build a respectable reputation and a worldwide presence in the brokerage industry.
UFG houses multiple franchise companies and regularly works to support and develop new concepts to bring to the public. UFG was formed in 2005 to incorporate all of its growing brands under one roof. The current franchises UFG governs are as follows: Signarama, EmbroidMe, Experimac, SuperGreen Solutions, Transworld Business Advisors, Jon Smith Subs, Accurate Franchising and Venture X. These brands now extend to over 1,400 locations and 80 countries!
The Worldwide Footprint of Transworld Business Advisors and UFG The CEO of Transworld Business Advisors, Andrew Cagnetta, recently stated, "Six years ago today we franchised Transworld Business Advisors. Since then we have opened well over 100 locations in 300 territories in the USA, Canada, the United Kingdom, Australia, India, Central America, the Middle East and recently South Africa. Suffice it to say the partnership is going well thanks to the amazing people at United Franchise Group and Transworld. And our franchisees and their agents have made Transworld the best in our industry!"
The industry of Business Brokerage plays a vital role in helping facilitate the transfer of business ownership across the U.S. and internationally. The franchise industry alone is a $4 trillion dollar industry annually, representing 3% of the U.S. GDP in the year 2016. Business Brokerage is playing a critical role in facilitating the process of ownership transfers. Currently, there are over 75 million baby boomers, millions of whom are business owners looking to sell their businesses so they may pursue retirement. Additionally millions of baby boomers are looking to sell their existing businesses and buy another business where they can have a part time to absentee ownership role. Even still, there are well over 80 million millennials out in the world, many of whom are looking to begin their entrepreneurial career by starting or buying an existing business or franchise.
This information is among the many reasons that the brokerage industry is anticipating continued high growth and profitability in the long term.
Transworld's Main Areas of Focus Business Brokerage: Transworld's main focus is facilitating the sale and purchase of existing businesses as well as franchise resale. Following are some of the areas we pay the bulk of our attention to.
- Preparing a Business for Sale
- Facilitating the Sales Process
- Business Valuation
Franchise Consulting and Development: Transworld represents hundreds of franchising opportunities across multiple industries and investment ranges as mentioned above. Our brokers work diligently to appropriately match the right franchise opportunity to a buyer. Transworld can also support business owners who are looking to expand their existing business into a franchise, with special support paid to the development of the Franchise Disclosure Document.
The Benefit of Transworld's National and International Footprint Transworld Business Advisors' network of offices in over 100 locations and over 300 territories across the U.S., and in a growing number of countries worldwide, provides great reach to Transworld during our day to day business. This extensive reach gives rise to many benefits for our clients. These benefits look like the following.
- As a worldwide entity, Transworld Business Advisors has great gravitas in both presence and reputation.
- Transworld's brokers have contacts, thus opportunities for open communication across the U.S., and around the globe. We are aware of buyers and business sales opportunities on a large scale and in real time.
- Transworld works in partnership with world class professional firms in the legal, accounting, wealth management and tax and insurance fields. Our professional connections become our client's professional connections helping them strategize the best plan for their required business transaction.
Transworld Business Advisors as an organization, as well as Transworld Denver as a local office, have worked hard to develop our powerful network in hopes of bringing forth the best services to our clients that we are able. If you have an interest in learning more about how Transworld can serve you schedule a free consultation today!
Roger Smolik is a Business Broker at Transworld, with substantial experience in sales, consulting, capital facilitation, operations, and executive management. Previously he worked in financial securities with several international firms in California and later owned and operated a boutique investment brokerage. Transworld provides Roger with the opportunity to continue to be engaged with the essential elements of the business that have always inspired and fascinated him - the ongoing cycle of business incubation, growth, maturation and economic payoff through an eventual sale, merger or expansion.