- 2024 Franchise 500 Rank
-
#80 Ranked #86 last year
- Initial investment
-
$94K - $120K
- Units as of 2023
-
451 40.1% over 3 years
For over 40 years, Transworld Business Advisors has helped make deals for entrepreneurs. With over 275 locations across the United States, Transworld Business Advisors offers business brokerage, franchise consulting, franchise development services, mergers, and acquisitions. The company also has an international presence.
Established in West Palm Beach, Florida, in 1979, Transworld Business Advisors was established by husband and wife Don and Bonnie Parrish. Since then, the company has sold more than 10,000 businesses across the country. The goal of Transworld Business Advisors is to get sellers the highest possible price for a business while taking the least amount of time away from the seller as the sale process goes forward.
Transworld Business Advisors believes it goes above and beyond in assisting business buyers when it comes to their purchases, including research and advice. The business began franchising in 2010 and has experienced much success since.
Why You May Want to Start a Transworld Business Advisors Franchise
There may always be a need for the services that Transworld Business Advisors provides. People need help achieving their dreams and goals. Buying a business can be a complex, stressful burden. Without research assistance, a guide, or proper planning, a hopeful business owner can be left in the dark. The same can be said for someone who is selling their business. Without a guide or someone who is actively marketing their business for sale, the business owner may be left without any help. This is where Transworld Business Advisors comes in.
Transworld Business Advisors has been ranked in Entrepreneur’s Franchise 500 many times in the past decade. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make a Transworld Business Advisors Franchise a Good Choice?
Transworld Business Advisors helps people who are selling their business to vet and find potential buyers. On the other side, the company helps potential buyers find and evaluate businesses and franchises. In today’s business environment, people may need business brokers who operate as impartial third parties that work with a buyer and/or seller to help make a deal.
Business brokers at Transworld Business Advisors have the training to provide resources that both buyers and sellers need.
To be part of the Transworld Business Advisors team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a Transworld Business Advisors Franchise
To open a Transworld Business Advisors franchise, you may be taken through a nine-step process that includes an information gathering and research phase, along with a discovery day phase. This process will help you determine if starting a Transworld Business Advisors franchise is the right move for you.
When you become a franchisee, you will have both full marketing support and local field support. Transworld Business Advisors will provide trained experts and mentors to help you get your business up and running successfully.
Company Overview
About Transworld Business Advisors
Industry | Business Services |
---|---|
Related Categories | Business Brokerages, Business Coaching & Consulting |
Founded | 1979 |
Parent Company | Transworld Business Advisors LLC |
Leadership | Bill Luce, President |
Corporate Address |
2121 Vista Pkwy. West Palm Beach, FL 33411 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
More from Transworld Business Advisors
Business Sales | Mergers & Acquisitions | Franchises
Three Industries. One Business. Endless Possibilities.
A History of Experience, Growth and Franchising Success
Established in 1979, Transworld Business Advisors was originally founded in South Florida by Don (a 30-year IBM executive) and his wife Bonnie Parrish. Andy Cagnetta, CEO & owner of Transworld Florida, originally came to Transworld as a buyer looking to fulfill his entrepreneurial dreams. From his first meeting, he knew Transworld was special and different. After a few years of working for Don, Andy bought Transworld and quickly grew it to the largest business brokerage in Florida.
Although the company was thriving, Andy envisioned even more growth. It wasn’t long before Ray Titus, founder of United Franchise Group, and Cagnetta teamed up to form a partnership and offer Transworld Business Advisors as a franchise.
With Ray’s franchise success and Andy’s business brokerage industry experience, their symbiotic relationship helped grow Transworld into what it is today – The World’s Leading Business Brokerage Franchise.
For over 40 years, Transworld has specialized in the sale of businesses and commercial real estate. Today, Transworld Business Advisors is a global network of brokers offering a turnkey solution for those who desire to build a solid business and future for themselves while maintaining a balanced, fulfilling quality of life.
Our Business Model
TRANSWORLD BUSINESS ADVISORS Is committed to “doing good deals for good people”, having assisted buyers and sellers in thousands of transactions for over 40 years. Our business model combines three main thriving industries and profit centers, all involving the development and growth of existing and new businesses.
- Business Brokerage
- A business broker is an impartial third party that works with the buyer, the seller, or with both sides of a business sale and helps coordinate the deal. Typically, business brokers make anywhere from 10-12% of what the business sells for.
- What differentiates Transworld Business Advisor is we consider people the number one priority over any deal. Creating lasting relationships with your clients is incredibly important to the success of your business.
- Franchise Consulting
- The next profit center is franchise consulting. This is where you assist clients who are looking to buy a new franchise. When you join the Transworld team, you will have the opportunity to represent more than 500 different franchise concepts from various industries at various investment levels. From day 1, you will have a tremendous inventory to offer your buyers no matter what they are looking for.
- If the match proves to be successful, a referral fee in the range of $10,000 to $30,000+ will be paid to you for assisting in this process!
- Franchise Development
- The final profit center is franchise development. These potential clients are not necessarily looking to buy or sell a business; they likely have a concept or actual business that they would like to grow through franchising. You will work in conjunction with our Development team to help these entrepreneurs turn their business or concept into a franchise.
- As with franchise consulting, franchise development incorporates incentives. Successful matches could result in referral fees of about $20,000.
Technology And Advanced Systems
Transworld Business Advisors gives a competitive edge with our advanced technology and systems. Incorporating modern day technology into the day-to-day business brokerage transaction makes for an efficient and powerful system. From automatic website integration to capturing and managing your leads and listings, our state-of-the-art proprietary CRM system makes running your day-to-day business not only easier, but more productive.
- Digitally Automated Contracts
- Email Newsletters
- Internal MLS System
- Messaging Board for Constant Network Communication
- Automated Listing Management & Posting to Third-Party Sites
- Shared Documents Folders
- Branded Image Libraries
- Technical Support
Marketing And Advertising
Our marketing team provides you with print and digital tools you will need to build your business, get listings and increase sales. It starts with your fully functioning, local website. As you benefit from online leads through our extensive online marketing program, we also provide a wide array of traditional marketing pieces you can use right away to build your local business.
The brand focuses on a layered marketing approach that includes initiatives such as:
- Search Engine Optimization
- Ongoing Link-Building Campaigns
- Display and Social Media Advertising
- Website and CRM Enhancements
- Local Office Marketing Tools
- Social Media Management
- Map & Directory Management
Training
There are many advantages to becoming a Transworld franchisee - one of them is our highly recognized comprehensive training program. We make sure you get off to the right start with all the tools you need to succeed.
- Two weeks of training in the Center for Entrepreneurial Excellence at Transworld’s global headquarters in West Palm Beach, Florida
- Instruction on the business brokerage industry as well as best business practices
- One week of on-the-job training
- Hands-on industry, technical and marketing training
- A local business advisor will work with you in your new location to ensure you get off to a solid start
Let’s Get Started!
If you’ve dreamed of being your own boss, controlling your own destiny and having the independence and financial security that a growing industry can provide, then you should consider the advantages Transworld Business Advisors offers.
- High Profit Potential
- Turn-Key Operation
- Low-Cost Investment
- Flexible Lifestyle
- Results-Driven Marketing
- World-Class Training
- Start-Up & Ongoing Support
Business Overview
Franchising Since | 2010 (14 years) |
---|---|
# of employees at HQ | 224 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 451 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Transworld Business Advisors franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$64,500 |
---|---|
Initial Investment
|
$94,105 - $119,615 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
8% |
Ad Royalty Fee
|
$165/mo. |
Term of Agreement
|
35 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Transworld Business Advisors has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 30 hours |
---|---|
Classroom Training | 48 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Transworld Business Advisors landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Transworld Business Advisors ranked on other franchise lists? Find out below.
Ranked #1 in Business Brokerages in 2024
Best of the Best
Ranked #80 in 2024
Franchise 500
Ranked #30 in 2024
Fastest-Growing Franchises
Ranked #123 in 2023
Top Global Franchises
Ranked #5 in 2024
Top Franchises for Less Than $100,000
Ranked #80 in 2023
Top Franchises For Veterans
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.
Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.
This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank
Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.
'Ponzi Scheme-Level Stuff': This CEO Is on a Mission to Grow His Business Ethically While Fighting an Industry Crisis
Rolling Suds CEO Aaron Harper is growing the company's brand, but that's not the only thing the industry veteran is building.
An Innovative Financing Technique is Gaining Traction — And It's a Big Factor in the Potential $9.5 Billion Subway Acquisition
Roark Capital's proposed acquisition of Subway introduces a significant pivot. This strategy shift towards a substantial debt model underlines the evolving dynamics of franchise growth and capital structure, spotlighting the broader acceptance of whole business securitization as a cornerstone in franchise financing.