Homebuyers are familiar with the mantra—location, location, location. Well for a business owner looking to sell their business, there’s an equally important phrase to remember—timing, timing, timing. But if you are looking into selling your business, what does that mean for you? And exactly how long will the process take? This graph represents the average number of months to
From the pandemic’s supply chain issues to the current worries over rising inflation, many small businesses have been struggling to adapt to the sudden shifts of today’s economy. With inflation in June hitting 9.1%, more than the Dow Jones estimate of 8.8% for the month, more and more businesses are worrying about how exactly inflation has and will impact their business, and if now is
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IBBA presents Steve Merritt with Outstanding Producer Award FOR IMMEDIATE RELEASE July 7th 2022 (Houston, Texas) Steve Merritt of Transworld Business Advisors of Houston is the recipient of the Outstanding Producer Award given out by the International Business Brokers Association (IBBA) during its annual conference in Denver, Colorado in June 2022. “Business Brokers p
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Time and time again, the beauty and personal care industry has proven to be resilient during challenging times by adapting and changing to their audience. The world has reopened, and beauty-based companies continue to rebound, so you may be asking—is now a good time to sell? Selling a beauty or personal care business in Houston is not very different than selling any type of business. T
After a bit of a tough turn during the pandemic, the construction industry has come roaring back to life. Demand is growing, with an increase of almost 9% anticipated for 2022 for this industry segment within the U.S. market. While supply chain disruptions and shortages of skilled workers may be continuing to cause hiccups for some, the overall outlook is very positive, particularly in terms of i
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Transworld Business Advisors of Houston was honored to participate and attend this year's IBBA, M&A Source, and Transworld national conference held in Denver, Colorado. These 3 conferences are held jointly on an annual basis. Attendees are exposed to Business Brokerage and M&A Intermediary training, networking, and industry-related forecasts. The International Business Brokers Association i
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Thinking of Selling Your Health Care Business or Practice in Houston? What You Need to Know in 2022. Health care is an industry that is constantly growing and evolving as new technologies and discoveries change treatments and care. This reality is truer than ever as the world has seen during the recent COVID-19 health care crisis. If you are looking to sell your health care business, the conditi
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Thinking of Selling Your Cleaning Service in Houston? What You Need to Know in 2022 Americans started 2021 by cleaning house—literally. The COVID-19 pandemic kick-started worldwide hygiene awareness and majorly boosted demand for cleaning businesses. It wasn’t just about safety—it was about peace of mind. Residential cleaners, maids, janitors, and other sanitation professionals
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FOR IMMEDIATE RELEASE Transworld Business Advisors of Houston 800 Wilcrest Dr. Suite 214 Houston, TX 77042 www.tworldhouston.com March 11th, 2022 Transworld Business Advisors of Houston’s Senior Business Advisor Austin Zhao on Merger & Acquisition Master Intermediary (M&AMI) Designation. The M&A Source® announces it has conferred on Austin Zhao of Houston, Texas its p
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Thinking of Selling Your Restaurant? What You Need to Know in 2022 If you’ve been following the news over the last few years, you know that business sales are up—way up—for certain industries, including restaurants. And if you’re like many restaurant owners, you’ve been thinking about selling your business, too. It’s easy to see why. Record-setting sales (both
In a perfect world, every entrepreneur would have ample time to prepare their business for sale. It’s a long, often complex process that demands our full attention—and ideally, assistance from professional brokers. After all, there are many, many factors to consider: Why am I selling? Is the market ideal? Do I have my legal and financial ducks in a row? (And more.) That being said, th
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Thinking of selling your business in 2022? Give yourself an edge—read up on what we learned in 2021. 2021 was a year of unpredictable firsts for business owners and entrepreneurs. Nothing we learned in 2020 could have prepared America for pandemic shutdowns. Many small operations had to quickly pivot, improvise, and adapt to a world that changed overnight. But now, with a swiftly recoverin
Read More “Business Trends to Look Out for in 2022 | Transworld - Houston”
For many entrepreneurs, selling a business is about more than money—it’s about passing down a legacy. After years of hard work, it’s only natural to want to see your creation in the hands of someone who shares your passion. However, finding that perfect “someone” can be a challenge. Not everyone that can buy your business should buy your business. As veteran brokers,
Read More “How to Identify Trustworthy Buyers | Transworld - Houston”
Strategies for Adding Value to Small Companies Over Time Now more than ever, we want to figure out how to make our businesses more valuable. With small businesses being affected the most during the COVID-19 crisis, strategies for adding value are vital, and also very possible. Let’s take a look at some changes you can make to increase value in your small company long-term. Instant Gratific
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Transworld Team Helps Fill Empty Plates this Thanksgiving A few weeks ago, Transworld Business Advisors of Houston volunteered at their local foodbank by assisting with the packaging of meals to feed children in the Houston area. Their team alone successfully packaged and secured 3.5 pallets which equated to nearly 800 meals. The team was honored to be a part of the community service experience
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NATIONAL WINNER! MOST BUSINESSES SOLD! Transworld Business Advisors of Houston is incredibly honored and proud of Senior Business Advisor, Quoc Pham, CBI. Quoc was recently recognized as Transworld’s NATIONAL winner for completing the highest number of business transactions during the 3rd quarter of 2021. Quoc completed the sale of 8 Houston businesses during this 3-month period
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Six Ways to Improve Your Houston Business’s Value Preparing to sell your business? You could be leaving money on the table. Your business’s value depends on many different variables: industry, revenue, earnings, owner participation, employees, market conditions, and more. But valuation is not set in stone. Depending on your situation, there may be several things you can do to raise y
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When you sell your business, you expect to make money—not spend it. But as the saying goes, you have to spend money to make money. The question is, how much? The answer isn’t always clear. However, most brokers agree that a certain amount of due diligence is necessary when preparing a business for sale. That means retaining qualified professionals to look over your books, guide you th
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Money can be considered a taboo topic of conversation in some circles. As a rule of thumb, you do not speak about salaries, debt, or the cost of your most recent vacation with friends or family, do you? We understand that, but when it comes to selling a business, we need to talk about money, and more specifically, cash. What is cash and how does it affect your business when you are selling it? Wh
Be ready now! View our Pre-Sale Checklist for Selling Your Business As a small business owner, you might be thinking about selling your business. Whether the reason is early retirement or the desire to invest in a new endeavor, there are definite steps you can take to prepare your business for sale. Consider this pre-sale checklist for selling your business: ü Tax Documents
FOR IMMEDIATE RELEASE Transworld Business Advisors of Houston 800 Wilcrest Dr. Suite 214 Houston, TX 77042 www.tworldhouston.com October 12th, 2021 Houston, TX – Congratulations to Senior Business Advisor, Steve Merritt, for successfully facilitating the sale of a high-performing, Houston-based, machine shop with over 50 years of family history. This local manufactur
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Are you ready to sell your business, but still on the fence about using a broker? You’re not alone. Many business owners, especially first-time sellers, feel compelled to DIY the process, thinking it will save them time and money. Selling your business can be a long process with many tedious steps. An experienced business brokerage (plus the valuable resources they bring to th
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Finding the right buyer for your business goes beyond getting the highest offer possible. As a seller in Houston, you're looking for the most qualified buyer that best aligns with your values. After years of building your business, it’s natural to want a big payoff. But there are other factors, like preserving your legacy or maintaining the integrity of your company, that matter too.
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Hiring a business broker may seem complicated and an unnecessary expense to someone who is trying to save money and simplify the sale of their business. Why add more to your long list of to-dos when you have enough going on? Well, the thing is, a business broker is so much more than just an extra set of hands. Studies have shown that working with a broker increases your chances of selling your bus
Read More “Five Reasons Business Brokers Improve Closing Rates”
If you decided to sell your business in Houston, you now have two options: Do-It-Yourself or work with a business broker. In today’s climate, it takes a lot more than just sticking a for-sale sign in your window. The truth is, as a business owner, your time is better spent running your company; not dealing with prospects or negotiating deals. Hiring a broker may be your ideal option if you
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Over the past year, many owners have been working hard to keep their businesses afloat. At times, having to reinvent or resize their company to stay competitive amidst the pandemic. Now, as things are turning around, you may be asking yourself, Should I sell my business? As valuations continue to go up, and buyers remain eager to spend their money, it’s prompting to be a
Yes! As an entrepreneur, you may romanticize the idea of being your own boss. The question is, how do you get there? The first thought is often starting your own business. Although that has numerous advantages, starting from scratch understandably comes with challenges. It is important to note that being an entrepreneur is not limited to starting a business from the floor up, in fact, th
FOR IMMEDIATE RELEASE Transworld Business Advisors of Houston 800 Wilcrest Dr. Suite 214 Houston, TX 77042 www.tworldhouston.com May 5th, 2021 With an impressive track record of over 10,000 businesses sold in its history, there is no doubt why Transworld is Houston’s leader in business sales. Transworld specializes in providing the vital services needed to conclude success
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It is officially 2021, and what was quite possibly the most challenging year for your company is behind us. The effects of COVID-19 are still apparent as the pandemic continues to claim lives in high numbers every day. Effective vaccines are giving us hope for significant improvement in the 3rd and 4th quarters of 2021. What does this mean for you or your business? Inevitably, because many
Read More “How to Value Your Company After COVID - It May Not Be As Difficult As You Think”
FOR IMMEDIATE RELEASE Transworld Business Advisors of Houston 800 Wilcrest Dr. Suite 214 Houston, TX 77042 www.tworldhouston.com February 24th, 2021 Transworld Business Advisors of Houston awarded Senior Business Advisor Austin Zhao its prestigious Top Producer Award for 2020. This honorary award is presented to the Transworld broker who sold the highest combined enterprise valu
FOR IMMEDIATE RELEASE Transworld Business Advisors of Houston 800 Wilcrest Dr. Suite 214 Houston, TX 77042 www.tworldhouston.com February 23th, 2021 Houston, TX – Transworld Business Advisors of Houston is pleased to announce that Senior Business Advisor Quoc Pham has earned the prestigious Certified Business Intermediary (CBI) designation. The CBI, which repre
FOR IMMEDIATE RELEASE Transworld Business Advisors of Houston 800 Wilcrest Dr. Suite 214 Houston, TX 77042 www.tworldhouston.com February 23th, 2021 Transworld Business Advisors of Houston’s Senior Business Advisor Carmen Hanna Receives Merger & Acquisition Master Intermediary (M&AMI) Designation. The M&A Source® announces it has conferred on Carmen Saad Hanna of Hous
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Transworld Business Advisors of Houston is honored to recognize Vice President Robert (Bob) Latham on his 6th Angel Flight. Angel Flight South Central (AFSC) was founded in 1991 and is based in Dallas catering to the Texas, New Mexico, Arkansas, and Oklahoma regions. The organization works with a large group of amazing and generous volunteer pilots such as Bob, to provide free flights for people
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COVID, of course, has completely changed the economy as we knew it. Business revenues, employment rates, and industry performance we saw in February had dramatically changed by the end of April and more so in the months after. As the end of the year approaches, what have we learned? We have learned that anything is possible, and everything can change overnight. The only certain thing is that nothi
Transworld and Shathi Govender Close on Popular Hookah Bar and Lounge Houston, Texas United States November 24th, 2020 Transworld Business Advisors, Houston’s #1 Business Broker, congratulates Shathi Govender on the recent sale of one of Houston’s favorite Mediterranean Hookah Bar and Lounges. This business was first founded in 2004 by 3 brothers who each played a role in d
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Senior Business Broker Rusty Fisher Sells Restaurant to Strategic Buyer Houston, Texas United States October 11th 2020 Transworld Business Advisors of Houston, Houston’s leader in business sales, is honored to congratulate Senior Business Broker Rusty Fisher on his most recent closing. Like many business owners during these uncertain times, Rusty’s client sought Transworld
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This year has brought on many changes. We have had to learn to adjust to our new normal and the uncertainty that anything will ever go back to how it was before this year. Even with 2021 a few days away and a vaccine already being distributed, this “new normal” might still be sticking around a little longer. When it comes to selling a business, we have had time to see what works and wh
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VP, Bob Latham Assists Owner in the Sale of a Rare Mobile Home Park Houston, Texas United States October 30th 2020 Transworld Business Advisors of Houston, the leading business brokerage firm in the Houston Metro, is pleased to recognize Vice President Bob Latham on the sale of a unique investment property. In addition to the mobile home park, a rarity within the city limits, a c
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Business Broker Steve Merritt and VP Bob Latham Quickly Close Business Real Estate Transaction Houston, Texas United States Ocotber 21st 2020 Transworld Business Advisors of Houston is pleased to announce the successful closing of a multi-tenant office building along Hwy 6 with multiple tenants in place by partnering team Steve Merritt and Bob Latham. . The S
The year is nearly over, but the effects of COVID certainly are not. As a business owner, you are probably wondering what else could be affected by the constant back and forth of infection rates, re-closures, and other business-related government policies. There is one item that remains true, no matter what happens next, business valuations are completely necessary to run and/or sell your business
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Business for Sale Market During COVID-19: A Paradox of Unique Opportunity and Uncertainty This report takes a particularly close look at how COVID-19 has affected the market and how that may shape the future. Here are the top takeaways: Median Sale Prices Jump 20%, Driven by High Demand for Pandemic-Proof Businesses While opportunistic buyers may be expecting deals, the most sought-after busine
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Leading Local Business Broker, Austin Zhao, Sells Nestle Toll House Coffee Shop Houston, Texas United States September 30th 2020 Transworld Business Advisors of Houston, the leading business brokerage firm in Houston, is pleased to recognize Senior Business Advisor Austin Zhao on his most recent sale. The business sold was a fully operating, nationally recognized, franchise unit. Nest
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Leading Specialty Food Distributor Business Sold by Austin Zhao Houston, Texas United States September 24th 2020 Congratulations to Austin Zhao, Senior Business Advisor with Transworld Business Advisors of Houston, for completing his largest transaction of 2020, the sale of a Texas based, 20-year-old, specialty food wholesaler. The business focuses on the distribution of fresh produce,
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VP Bob Latham Completes the Sale of a Dental and Medical IT Business Houston, Texas United States September 30th 2020 Transworld Business Advisors of Houston is pleased to announce the successful closing and sale of an IT service business that is focused on the dental and medical markets based in Houston. Providing a turnkey solution from network design and installation to conti
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Business Broker, Bobbi Coffey, Sells a Popular Gym Franchise Houston, Texas United States September 28th 2020 Transworld Business Advisors of Houston, the leading business brokerage firm in the Houston Metro, is pleased to recognize Senior Business Advisor Bobbi Coffey on her recent transaction. Bobbi’s shared passion for fitness and healthy living, has made her an u
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Transworld Houston is Proud to Congratulate Austin Zhao, Business Certified Appraiser (BCA) Houston, Texas United States September 23rd 2020 Transworld Business Advisors of Houston is proud to congratulate Austin Zhao, Senior Business Advisor, for successfully achieving a certification from the International Society of Business Appraisers as their newest Business Certified Apprai
Transworld Business Broker, Bobbi Coffey, Finds Out of State Buyer for Popular Bar Houston, Texas United States September 17th 2020 Transworld Business Advisors of Houston, the leading business brokerage firm in the Houston Metro, is pleased to announce that a local favorite long-standing pub with live music events in the high-in-demand Uptown area transitioned to a new owner wit
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Senior Business Advisor, Syed Ali, of Transworld Business Advisors of Houston Helps New Entrepreneurs September 17th 2020 Houston, TX Transworld Business Advisors of Houston, the leading business brokerage firm in the Houston Metro, is pleased recognize Senior Business Advisor Syed Ali on his recent business transaction. Syed’s 25 years of corporate and small business experi
Houston Business Advisor, Quoc Pham, from Transworld Helps Local Entrepreneurs Houston, Texas United States September 14th 2020 Transworld Business Advisors of Houston, the number one business brokerage firm in the entire Houston Metro, is pleased to announce the successful sale of a niche indoor golf center and sports bar! Business sold to a local couple with the help of
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Transworld Business Advisors of Houston is proud to announce the newest addition to their team. Ana Ruiz is the new Director of Operations for Transworld Business Advisors of Houston. In this role, Ana provides our agents with general operational and systems support in the marketing and sale of our client’s businesses. She has several years of experience working in various Marketing and Pub
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Back in the day, Austin Elrod spent a lot of Saturdays watching Case Keenum throw a football. Keenum threw so many of them — 2,229, to be exact, over four-plus seasons from 2007 through 2011—- that he left the University of Houston as the most prolific passer in the history of college football. Elrod? As Keenum’s backup, he admits, “I didn’t get to play a whole lot.&
COVID-19 took the world by storm and affected small businesses in unimaginable ways. Even the most prepared entrepreneur was not prepared for the types of closures and lengths of restrictions that this pandemic caused. However, what we have had is plenty of time to learn from the changes and to plan for trying to rise above the repercussions. As a business owner, consider these 6 actions you shoul
Everywhere you turn, there is some amount of information related to the pandemic or other social issues. It should come as no surprise that COVID-19 has affected every other aspect of our lives, including our jobs and businesses. With all the negative changes, some positive changes have also come. How, you might ask? In a season with much economic uncertainty, the government, private banks, and ev
The impact on business valuations as a result of COVID-19 COVID-19 came and felt like it was here to stay. With numerous business closures, furloughs and lay-offs, one might wonder if we can ever recover. The good news is, some economists project a steady recovery as cities begin to loosen restrictions and businesses become operational. That said, as a small business owner, you might be wondering
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Navigating difficult decisions as a business owner during a stressful time COVID-19 has been a difficult time for everyone. For the first time in history, the entire globe was unified with a common fear and purpose. Global shutdowns, flight cancellations, business closures – all of these measures were taken within every border of the world. Understandably, many tough decisions have been mad
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As we enter the middle of the year, we still do not see a true end in sight for COVID-19. It can be frustrating – not knowing how much longer plans for going to concerts, vacations, and other treasured activities may have to remain on hold. Thankfully, we are here to tell you that the plan to sell your business does not need to be one of those. When you have a solid business (one that is lik
COVID-19 changed many life plans for countless individuals around the globe. Certainly, the same is true for you, your family, and your business plans. If this pandemic has put your business sale on hold, there are certain things to consider as the world begins to reopen. The main question many entrepreneurs have is whether or not to delay sales and purchases. That might not be necessary.
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IBBA Awards Transworld Business Advisors of Houston "Top Deal Maker Team Award" RELEASE DATE: May 11, 2020 Houston, Texas The International Business Brokers Association (IBBA) has recognized Transworld Business Advisors of Houston, led by President & CEO Gerry Brisson, with the "Top Deal Maker Team Award" for exceptional achievement in 2019 as part of its Member Excellence
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COVID-19 has created quite the global crisis. There is no country, industry, or person left on the planet that can honestly say they are unaffected by this virus. Whether directly through the loss of a loved one or the loss of a job or indirectly through changes in daily life; not to mention, the economy has seen better days. That said, this does not need to stop your aspirations of buying a busin
The world feels a little upside down but a different perspective would argue this is the most unified the world has ever been. We are all in this together – in Houston and beyond. Now, more than ever, we have an opportunity to support local businesses in our neighborhoods. Small business owners in Houston need you and many are thriving despite the COVID-19 crisis. Although many of us are sel
To sell your business, you must first find its value. What does this mean exactly? A business valuation is always the first step in a multi-step selling process, and yes, a business broker can assist - but what does it entail? Because no two businesses are identical, no one business valuation serves as one-size-fits-all. There are seven common business valuations to explore. Let’s take a loo
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As a small business owner – especially one very content in their current state, it is very possible that the idea of selling could not be further from your mind. However, planning for what may come in the future has never hindered anyone. In fact, it may help you in the long run. There are certain measures you can be taking right now that do not add any major work but can be highly beneficia
With more and more businesses entering the market every day, it might be daunting to consider joining that number. However, now just might be the time for you to sell your Houston business. The question is, how do you set your business apart from the rest? To figure that out and do so intelligently, you need to consider what a buyer is looking for when buying a business. Once you understand these
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A business merger is often compared to a marriage. Much like that romantic union, a business merger involves consolidating two companies into one. Often confused with an acquisition, a business merger is different because this scenario involves the creation of a new entity – while an acquisition is one company bringing another into its fold. Of course, there are a number of important questio
New Year’s resolutions are inspiring – they are a great way to start the new year on the right foot. Whether you are looking to get healthier or fitter, more educated or cultured, setting up personal goals is never a bad idea. That said, you can do the same for your business. As an entrepreneur or business owner, your 2020 goal might be to sell your business. If that is the case, consi
Houston has been seeing increasing economic growth throughout 2019 with projections of continued growth into 2020. With this strong economy, small businesses have been thriving - making it a great time to sell your Houston business. Without a doubt, your specific industry is going to affect how well your business will sell but the strong market in Houston makes 2020 a strong year to consider listi
Houston is not only the fourth-largest city in the United States, but in recent years, it has also seen economic growth when not all the rest of the country has been so lucky. In fact, the city saw some of the nation’s sharpest declines in unemployment – creating nearly 80,000 jobs in recent years. Economists attribute some of this growth to the increase in demand for the production of
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Business Evaluation – Confidential Evaluation A business valuation is a process for determining the economic value of an owner’s interest in the business. In essence, it is the calculated cost of all tangible and intangible assets that provide an appropriate listing price when selling a business. The common question is, however, how does one do a business valuation? As ex
You have read numerous articles about selling your business. From determining your business’s value to learning how to market the sale properly, you dove deep into articles and whitepapers on the Internet to do it properly. That said, most articles probably share one common piece of advice: hire a business broker. The thing is, do you know how to find a business broker that will help you sel
There are a number of reasons why someone might decide to sell their business. No matter what, rarely is the decision an easy one. A business is a major investment – and not just financially. To build a business from the ground up, one must dedicate a lot of time and make significant sacrifices. However, the decision to sell does happen often, and a transition of power is very common
One thing is determining the value of your business, it is another to maximize that value. When you want to sell your business at the highest fair price, it has to meet certain requirements. Preparing your business long before it is listed can absolutely make a difference when it comes to maximizing the value. When in doubt, work with a business advisor to adopt these business goals to max
More often than not, the decision to sell your business comes from personal reasons more so than financial concerns. For instance, you might be looking to sell your business because you have lost passion for it or it is time to retire. That being said, the average timeline for selling a business is 6 to 9 months. This means that there is a right and wrong time to sell your business. When in doubt,
Houston is home to some major names like Beyoncé, NASA, and President George W. Bush. This Texan city has been growing with no signs of slowing down. Ranked number 8 in the nation for small business growth, it actually leads the country in small business optimism. This optimism is for revenue, hiring, and business expansion due to the diversifying economy, which has become much less reliant
The purchase of a business is a significant investment which should not be taken lightly. Therefore, you should understand the power and importance of asking the right questions before making a major decision. Here are 10 questions buyers shouldn’t be afraid to ask when buying a business. Why are you selling? It is not too much to ask to find out the owner’s motivation for the s
Transworld Business Advisors of Houston sponsors Back to School Shopping Program! Houston Metro Fraternal Order of Police hosts the 2019 Annual Back to School Shopping Program. The Houston Metro Area Police Foundation is a non-profit charity organization, founded by local police officers, working for the mutual benefit of Law Enforcement and the community. Since its inception, the
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Studies show that consumers are becoming much more concerned with investing in eco-conscious businesses. In fact, trends show that 88% of consumers will be more loyal to a company that supports social and environmental issues. Furthermore, 87% are more likely to purchase a product with a social and environmental benefit. These statistics support the notion that businesses should do what they can t
Millennials are no longer the young, unemployed and underpaid generation. In fact, many millennials are well into their 30s and purchasing their first homes and starting families. Greater financial security and desires to settle down with roots have made millennials the key target audience for businesses across multiple industries. As an entrepreneur on the hunt for a new business, one should defi
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FOR IMMEDIATE RELEASE M & A Source | 3525 Piedmont Road | Building 5, Suite 300 | Atlanta, GA 30305 | Phone 888-943-2966 | admin@masource.org | www.masource.org Robert Latham Receives Merger & Acquisition Master Intermediary Designation Atlanta, Georgia – July 15, 2019 – The M&A Source® announces it has conferred Robert Latham of Houston, Texas its
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Small businesses should not ignore the trends that seem to be affecting larger corporations. In fact, keeping tabs on what works and what doesn’t can make a big difference in the success of your business this year and beyond. Whether you have a stand-alone storefront or are the owner of a franchise, these top 10 business trends are more accessible than you may believe. Millennial Consumer
As a business owner, you may pride yourself in being an expert in your industry. It should come as no surprise, after years of working with vendors and consumers, as well as dealing with the competitive market, that you have some advice to share to aspiring entrepreneurs. The best way to share your knowledge and expertise is by hosting an educational seminar. This gives you an optimal opportunity
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IBBA presents Brisson with Outstanding Producer Award (Houston, Texas) Gerald Brisson of Transworld Business Advisors of Houston is the recipient of the Outstanding Producer Award given out by the International Business Brokers Association (IBBA) during its annual conference in Orlando, Florida on May 11. The Outstanding Producer Award is awarded to applicants who closed one or more business tr
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Small businesses are essential for local culture and are a major part of communities of any size. However, with competition from large corporations who can afford to make their products and services more affordable for consumers, it’s sometimes tough to be a small business. There are 4 major challenges you may face as a small business owner but thankfully, there are solutions. Funding
Transworld Business Advisors Recognize Texas Brokers for Excellence Gerald Brisson and Team Recognized in Three Categories WEST PALM BEACH, FL – (5/29/2019) - With 40 years of brokering business transactions, more than 215 of the most elite Transworld Business Advisors convened in Orlando, FL recently to share best practices of empowering the American Dream for business owners and recogn
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Projections indicate that 2019 and 2020 are the years to buy or sell a small business. This is due to the fact that the number of businesses sold annually has been continuously increasing for the last five years. From looming retirement to the current political atmosphere, America is seeing substantial growth for small businesses - benefiting both buyers and sellers. Baby Boomers Americans bor
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While you may have taken all of the necessary steps to prepare your business for sale, like organizing financials and determining your business’s worth, there are still some valuable ways to attract the right buyers you should consider. When your business has taken years to build and make successful, it is important to put in the effort to ensure the sale is smooth and effective. Right bef
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Finding the perfect business to purchase is not an easy feat. However, acquiring a loan to officially buy the business is often the most trying part. Before a bank approves a loan, you and the business have to meet some high standards. Since every case is as unique as the business itself, there are three main loans to consider when attempting to purchase an existing business. 1. SBA Loans SBA
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The science of selling a business can appear daunting, especially when it is your first time. However, understanding why some businesses sell, while others do not, can help prepare you for your turn. From financial statements to listing price, every aspect of your business will be seen under a microscope before a buyer is willing to make a major investment. To fully grasp whether or not your bus
Read More “5 Reasons Why Some Businesses Sell and Others Don't”
Growing your business should not feel daunting in the slightest and we understand that you don’t have a lot of money to spend when you are trying to grow your business. It is possible to grow a business inexpensively. With the following 7 easy and inexpensive tips, you can grow your business hassle-free. 1. Get Reviews! Studies have shown that 56% of consumers select a business bec
Reputation is everything – this is not just true for individuals. A business’s reputation can make or break its success, as consumers are much more likely to spend their money on products and services they can trust. When the time comes to sell your business, consider searching the web to find out what customers have been saying. Positive Reviews It is difficult and unwise to disre
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In 2018, there were just shy of 760,000 franchises in the United States alone. This rapid growth rate of 1.9% increased the employment rate in franchising by 3.7% adding 8.1 million workers. When a small business begins to do well in its local neighborhood, a business owner may find that franchising is the appropriate next entrepreneurial step. That being said, as the owner of a fr
As an aspiring entrepreneur, you may have reached the point when you are trying to decide between starting your very own business or purchasing one. There are a number of reasons to start fresh, but arguably, there are even more reasons to buy an existing business. From retiring Baby Boomers to greater diversity in business ownership, there are several arguments for why now is the right time to
A manufacturing business is formally defined as any business that uses components, parts, or raw materials to make a finished product. These products can either be sold directly to consumers or to other manufacturing businesses that use them to make another product. With both a business-to-business (B2B) and business-to-consumer (B2C) aspect, this type of business has a diverse customer base. To
According to BizBuySell, the selling price for small businesses sold in Q3 this year was up 10.7% from the same time last year. With the US economic outlook as healthy as ever, this is proving to be a great time to sell a business. In fact, the US’s gross domestic product (GDP) rate, which measures the market value of all final goods and services, is expected to remain at the ideal range of
With millions of Americans currently above 18 and 21, it is no wonder the nightclub and bar industry is growing exponentially every year. In fact, the industry reached 23.15 billion US dollars in 2015, seeing its greatest growth following the mid-1990s. This sector includes bars, pubs, lounges, taverns, and nightclubs - defined as establishments that sell alcoholic beverages for immediate on-site
Much like building a business has several moving parts and difficult moments, so does preparing your business for a sale. When you have decided to sell, it is crucial to begin immediately preparing a succession plan. A good plan requires careful persistence and a full-proof strategy. An experienced business broker will help you organize your thoughts and intentions; they will guide you through the
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A gym or fitness center is not unlike other businesses with a product to sell - a membership in exchange for the ability to use the facilities makes it a popular and lucrative industry. If you are the owner of one or multiple franchised fitness centers and are looking to sell, here are a number of factors to consider in preparation. Business Valuation & Determining a Selling Price First and fore
A business is like a child - it takes passion and countless hours of dedication to nurture it into something successful. The fact is, a business is a manifestation of your passions and aspirations. That being said, with countless small businesses opening daily, it is difficult to guarantee that your business will stand the test of time. However, you do not need to put your entrepreneurial dreams o
Read More “Advantages of Purchasing a Business vs. Starting Own Company”
With technology continuously evolving and improving, there is always room for growth. For instance, software development shows high job growth of 30.7% annually – the highest in the industry. Employees at these companies have a median salary of $100,000, which is considerably higher than the national average. Considering the fact that this is only one facet of a multi-faceted industry, the e
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In order to sell your business, you must first determine its worth. What will be your asking price? How is this price calculated? Do you have supporting documentation for the price? The factors surrounding your business’s value can be as simple as your annual profits to as complex as its overall market standing for the industry. There are a number of ways to determine your company&rsqu
The oil and gas industry is an incredibly lucrative source of employment and contributor to the national GDP. In fact, it is considered the biggest sector in the world in terms of dollar value because it generates billions globally. This is due, in large part, to the fact that it is a highly necessary energy resource with an estimated 30 billion barrels consumed around the world each year. Althou
You have poured your life into your business, growing it from the bottom up, nurturing it all the way. Your idea has turned into a tangible, lucrative project that not only affected your life but that of your employees and customers. However, after a dream has turned into a reality, there is hard work and persistence involved. There comes a time when a business owner may need or want to sell to ei
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The residential construction industry was worth 600 billion dollars in 2016 with projections of continued growth in coming years. Whether you own multiple rental properties, are a new homeowner or are moving into a larger house as your family grows and needs more space, chances are you have called a home improvement company for one service or another. Whether it is roofing, flooring, plumbing or p
Once you have come to the decision to buy a business, you may be both excited and anxious about the next steps. Once you have chosen the industry and perhaps even the type of business, there are a number of items to review as you move forward in the process. Here are 5 factors to consider before buying a business: 1. Business Valuation Before anything else, it is important to determine if the li
Congratulations Bobbi! Transworld is pleased to announce the success of Transworld of Houston's newest agent, Bobbi Coffey, for securing 16 listings in her first three weeks! Bobbi came to training school this June and hit the ground running. Of these 16 listings, two of them include a $4.5 million staffing company and a $1.8 million medical practice. Bobbi returned from traini
A home services business involves a business that, as the name suggests, provides a service in residential homes. From plumbing and landscaping, to flooring and painting, experts in home repair and improvement can create a business around their specific set of skills. Buying an existing business, rather than starting your own business, can be beneficial in both the short and long term. This can be
Coming to the decision to sell your business comes with time and likely a lot of deliberation. Once that decision has been made – whether you’ve come to it with a desire to pursue new endeavors or retire after years of hard work - it is time to determine if your business is ready for the sale. Transworld Business Advisors of Houston has a checklist every business owner should consider
Selling your medical practice is much like selling any business. There are steps that need to be taken to prepare the business for a sale and many things to consider once the business is finally on the market. First and foremost, it is important to consult with professionals who have extensive knowledge and experience selling businesses in the medical industry. Working with experienced appraisers,
The decision to franchise your business is not one you come to lightly. However, it may be the perfect way to grow a business that is doing well locally. Expanding to new locations can mean more than literal growth, it can mean endless opportunities for yourself and your employees. Here are five advantages to note when deciding whether or not franchising is right for you. 1. Cost-effective Growth
You have come to the decision that it is time to sell your business. We understand that a lot of blood, sweat, and tears went into growing it. Furthermore, the decision to sell can come from a multitude of personal and business-driven reasons. That being said, you would not have come to this decision unless you felt like it was the best move for yourself and your business. Now that you’ve ma
Read More “Selling Your Business: Using a Business Broker vs. Selling by Owner”
If you are considering selling your Houston area daycare or pre-school center, there are certain measures to be taken as you prepare to list and sell the business. You may choose to save a little money and sell on your own, but there is value in seeking professional help from brokers, lawyers, and appraisers to ensure you are getting the most for your business. In the US, there is a large demand
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Your business is successful and continues to grow. That’s great news! But, what is your next move? You may be limiting your growth by staying as one independent store. Perhaps you like the idea of opening another store in your hometown but don’t know if that’s a good idea. Maybe you’ve even had the idea to expand to multiple locations in your state but don’t know wher
Now is a great time to sell your education center. The industry is thriving, so there will likely be many potential buyers for your business. A Gallup Poll survey conducted in August 2017 showed that Americans rate private education centers significantly higher than other types of schools. The survey of 1,017 US adults aged 18 and older found that 71% of participants regarded independent educati
Many business owners who try to sell their own businesses in the Houston area have found it challenging to keep the potential sale confidential. However, keeping the fact that your business is for sale quiet is extremely important for many reasons. For example, if customers know your business is for sale, they may consider moving their account to your competition out of concern that they will not
If you are preparing to sell a retail store, now is a good time to do it. U.S. retail sales rose 0.4% in December 2017 and were up 5.5% year-over-year, according to the US Census Bureau’s January 2018 report. The monthly increases were due to a 1.2% increase in building materials sales and online transactions. However, grocery sales rose 0.7% and furniture sales rose 2.5%, while electronics
Once you have decided to sell your company, there are several steps you need to take to prepare your business for sale. First, you need to understand what it is worth within the context of your industry and the market for businesses like yours. Start by gathering all of the pertinent financial documents, including: Three Years of Audited Financial Reports Five Years of Auditor’s Letter
Have you been thinking about selling your business? There are many reasons for wanting to sell your business . . . you may be tired of working long hours, it may be time to retire, or maybe you want to explore new opportunities. Whatever the reason, selling your business is not a decision to take lightly. Make sure selling your business is the right decision for you and your business at this time.
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Are you considering selling your lawn or landscaping business? Landscaping services reported 78 billion dollars in revenue in 2016. 80% of contractors described the industry as very healthy. Despite an intense year full of forest fires and hurricanes, 86% of all new, old, large and small landscaping businesses across the United States turned a profit in 2016. Between the landscaping industry&rsquo
Business brokers are responsible for helping business owners sell their businesses and help potential business owners find a business to purchase that fits their needs and wants. Brokers are responsible for evaluating businesses and providing business valuations, establishing listing prices, screening potential buyers, and working with other professionals involved with the sale such as lawyers and
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Between long business hours, dealings with employees and vendors, and the overall work culture, the restaurant industry is like no other industry. Similarly, selling a restaurant entails unique challenges and steps that other businesses do not necessarily have to worry about. However, this doesn’t mean selling your restaurant is impossible, as the industry shows signs of good health and in
There are several reasons to sell a business. Some business owners find themselves in over their heads, others may find themselves drawn to new ventures and yet others may be ready for retirement. Have you considered selling your business? Look at our tips on steps you should take before making the decision to sell your business. Step 1: Why do you want to sell? First, determine your reasons t
Are you considering selling your automotive business? Selling a business is complicated and often overwhelming if you’re tackling this alone. Finding a broker who understands the ins and outs of automotive businesses is even harder. Transworld Business Advisors of Houston has successfully sold a variety of automotive businesses and is home to many experienced advisors that
Have you decided to sell your business? Not sure how much your business is worth? Deciding to sell your business is a big step, don’t take it alone. Our brokers at Transworld Business Advisors of Houston will happily perform a business valuation report for your business. What does this mean? This means that our experts will look at a variety of contributing factors when it comes
Read More “Thinking of Selling Your Business? Know It's Worth”
The experts at Transworld Business Advisors of Houston can assist sellers in the sale of their business. Our proven 10-step process has successfully sold hundreds of businesses. Our goal is to help you achieve the best possible price for your business for you, leaving you time to take care of the things that matter most to you. There are several benefits to using a business broker when selling y
Gerry Brisson, President of Transworld Business Brokers of Houston and Brian Bray Senior Business Advisor based in Corpus Christi presented this contribution to Chief Steve Simms and Assistant Roy Laird at the Rockport Fire Department. Hurricane Harvey was a catastrophic flood disaster in southeast Texas dropping 40-61 inches of rainfall in southeast Texas and southwest Louisiana. Ha
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1. Reduce or eliminate owner dependence. The less important you are to your business, the more marketable your business will be. Businesses that are dependent on the owner are tough to sell. Buyers love businesses where the owner plays a very limited role. 2. Increase recurring revenue as a percentage of total revenue. The more long term contracts you have in place, the more valuable
Have you ever considered selling or buying a business in the Houston area? Transworld Business Advisors of Houston (TBAH) is the city’s number one business broker for a reason. Their team of experienced business brokers has a combined 270+ years of experience in business sales, personal business ownership, and more. Their local buyer database consists of over 10,000 qualified Houston buyers
The best business brokers add value to the sale of your business by providing you with the resources you need to locate and vet potential buyers. While many business brokers may say they have the ability to do this, there are several ways you can quantify whether they are likely to deliver on the promise: Check their industry credentials – Brokers should be members in good standing
Read More “As the Seller: How to Determine the Right Broker”
Looking to buy or sell a business in Houston? Transworld Business Advisors of Houston has you covered. Our experienced professionals know about Houston’s major industries which will help you when making a purchase or sale decision. Houston By the Numbers Houston’s mix of international appeal and Southern charm have captured the attention of corporations and entr
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Transworld Business Advisors of Houston is active in all industries, from services to manufacturing. Child care, including day cares and learning centers, is a business industry in which many have sought to purchase or sell. Child care is a hugely important part of American life and a key contributor to the economy. According to First Research, the US child care services industry includes
If you have decided that selling your Houston-based business is the right exit strategy, you will want to make sure that you understand the steps involved in the process. These include having a good understanding of why you’re selling, the timing of your sale, your business valuation, what financial statements are required, the process of finding a qualified buyer, and how you plan to sell y
Read More “Ready to Sell Your Houston Based Business? A Seller's Checklist”
