Business Sales Franchise with Transworld Business Advisors

If you’ve always wanted to manage a b2b franchise that specialised in providing expert advice to other companies, Transworld Business Advisors may be the perfect opportunity for you. Here, we take a look at what makes them such an attractive proposition.

Franchise background

Starting life in 1979 under the name Transworld Business Brokers, Transworld experienced rapid growth and was soon ready to expand beyond its original headquarters in Fort Lauderdale, USA. The franchise spread across the US, eventually enlarging its franchise network to include 40 franchisees.

Having succeeded in spreading throughout the country, they decided to attempt international expansion and launched their first Canadian franchise. Now, with franchises in two different markets, they're looking to expand into a third and launch Transworld Business Advisors in the UK. With experienced businessman Andrew Cagnetta Jr. at the helm, the franchise has become the number one business broker in the United States. If all goes to plan, they hope to repeat that success here in the UK.

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Industry context

In general, the business brokerage industry is fragmented and uncoordinated. Transworld Business Advisors are one of the only large-scale brokers operating in the US or UK. The vast majority of the competition is made up of smaller organisations with limited exposure and a predominately regional focus.

This lack of organised competition has allowed Transworld Business Advisors to step into a void and capitalise on the opportunity. By demonstrating ambition and vision, the business was able to build itself into a reputable, recognisable brand that operates offices in a number of nations and right across the US. Though the UK market poses a number of different challenges, the franchise is ready to apply its successful business model to a new context.

Transworld Business Advisors basics

Essentially, Transworld Business Advisors is a business brokerage. This means that it helps business owners buy, sell, and franchise their businesses. In the modern economy, this is an important role to play. Due to the extremely competitive nature of the marketplace, the process of buying or selling a business is incredibly challenging. Without help, there’s plenty of opportunity for things to go wrong or for an owner to lose out on what they think they deserve.

Consequently, most business owners utilise a business broker to ensure the smooth completion of the transaction. The broker is an individual or organisation that can be trusted to organise, negotiate, and close the deal on behalf of the buyer and seller.

As a Transworld Business Advisors franchisee, you'll be on the lookout for possible deals all of the time. You'll employ your people skills to reassure interested parties that you’re the right person to finalise their transaction, and you’ll use your business nous to ensure that the deal is beneficial for all parties.

The business also focuses on providing franchising consultancy services and franchise development services. The first of these involves finding potential franchisees their perfect business. The second involves working with existing franchises to develop their services and reach more prospective franchisees and customers.

How much investment is required?

In order to become a Transworld Business Advisor, you'll need to raise a minimum investment of £50,000 +VAT. This makes it a relatively affordable business coaching franchise, particularly when you consider the international reach of the brand.

The franchise charges franchisees a management fee of 10% of their revenue. This is not applicable for the first six months of operations. This gives franchisees the opportunity to find their feet and begin turning a profit relatively quickly.

Much of the success of the Transworld Business Advisor model can be attributed to their unique Total Online Marketing System (TOMS). For full access to this database of business, the franchise charges a monthly fee of £125.

What do franchisees get in return for your investment?

In return for your investment, franchisees are granted the rights to operate under the Transworld Business Advisor name and utilise its branding. You will also be provided with a complete turnkey business that’s easy to implement and can be run from anywhere, without the need for high overheads.

All those starting a franchise with Transworld Business Advisors are enrolled on an initial training programme at company HQ, in West Palm Beach, Florida. This lasts for 10 days and covers everything you need to get your new business up and running. From learning how to match entrepreneurs to their perfect business to ensuring that everyone walks away from a deal feeling happy, the training syllabus covers a wide range of topics.

The franchise also offers a great deal of start-up and on-going support. A franchisor representative will work side by side with you over the first few days of business, helping you wherever necessary. After that, the central franchise management team step back to allow you to head out on your own. However, the support team is always on hand to help you as much as possible and keep in close contact with all franchisees.

What kind of franchisee are Transworld Business Advisors looking for?

As with any successful b2b franchise, Transworld Business Advisors are looking for individuals with a little business experience, the ability to communicate with others, and a nose for a good deal. The franchise really suits someone who’s willing to put themselves out there, meet people, and work hard to understand what makes them tick.

The franchise is also looking for people who can follow the franchise model to the letter and who have a good eye for detail. Both qualities are absolutely key in an industry where the tiniest margins can make the difference.

Conclusion

Transworld Business Advisors is an excellent franchise opportunity for anyone who thinks they've got what it takes to bring an established business brokerage across the Pond and make it work in the UK. As one of the first franchisees to take up the challenge, you'll be a trailblazer with the opportunity to realise enormous growth potential.