There are many benefits to franchising your business or becoming a franchise owner. However, one does not often hear about the next step: reselling a franchise. As an entrepreneur, it is not uncommon to be satisfied with accomplishing one goal and while constantly looking for new challenges. Your franchise business could have been a passion project, but your time to start your next project has arr
If your business is successful and there are customers who travel from near and far to visit it, then you may have considered franchising. With numerous benefits for you and aspiring entrepreneurs, it is a profitable and healthy next step for your growing business. At Transworld Business Advisors, we not only support your business endeavors but we have a dedicated program to assist you. The Fr
When a local business begins seeing success in not only its location, and niche market, but beyond that, it may consider opening a second shop nearby or perhaps even in the next town over. When the success continues to grow and word of mouth has reached further distances, a franchise is often the most natural and appropriate next step. A franchise is a business that has multiple locations that are
Franchising in the United States is very popular and lucrative. There are about 800,000 franchise businesses in 120+ industries employing more than 9 million people in the US alone. Franchises provide recognized brand quality and consistency while also allowing consumers to support local business owners. Deciding to franchise your business should come from a desire to expand to multiple locations
Your business is a success so now you are considering expansion. You want to build on your existing strengths and reap the benefits of your hard work. But should you franchise your blueprint for others to follow, or clone your existing business in new locations? Answering that question correctly is the most critical decision you will make. So, here’s a rundown of what you should to take into acc
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New year, new you? Resolutions, set. Vision board, done. If your new year’s goals have you wanting to be your own boss, you may be torn between starting your own business or investing in a startup. But setting up a business from scratch and starting with a new concept or idea can involve significant risks. Instead, you may want to consider purchasing an existing franchise resale; this can provi
Read More “Buying a Franchise Resale: What You Need to Know”
If you have decided it is time to sell your existing franchise, the experienced brokers at Transworld Business Advisors can help. Transworld has many years of experience working with franchises and we offer a franchise resale program to help you successfully sell your franchise. Our partnership with United Franchise Group means that we have a vast understanding of the franchise business. We kno
It takes one to know one. And for the past 35 years, nobody has understood the complex needs of a franchise system better than United Franchise Group. And nobody knows the business of buying and selling in the franchise industry better than Transworld Business Advisors, part of United Franchise Group. Franchisors can face unique challenges and as a franchise ourselves, Transworld Business Advis
Read More “Franchise Re-Sale Broker: Re-selling Your Existing Franchise”
Every industry has their own language and the industry of buying and selling franchise businesses is no different. Understanding the basic terminology can help get you started on the right foot. Transworld Business Advisors is here to help you every step of the way so let's start with a few commonly used terms. Franchising is a form of business by which the owner of a product or service expands
Read More “5 Important Terms You Need to Know Before Purchasing a Franchise”
Once you have decided to sell your franchise business, it's essential to understand the steps involved in the process. The good news is that franchisors consider the sales of existing franchises vital to the health and success of the overall franchise system. They know that all franchisees have a life cycle and almost everyone who buys a franchise will at some point want to sell it, according to
Read More “Franchise Re-Sales: How to Maximize Value for the Sales of Existing Franchise Units”
Your success in building a business may at some point cause you to wonder if the next step forward could be creating your own franchise system. Before moving forward, some key vocabulary you will need to understand: Franchisors - a person or company that grants the license to a third party for the conducting of a business under their marksFranchisees - a person or company who is granted the lic
Owning a franchise presents an exciting opportunity for both new and experienced business owners. A franchise is a unique business model that differs in some key ways from independent business ownership. If you are thinking about purchasing a franchise, there are a few things to consider. Here are some ways to determine if owning a franchise is right for you, along with some considerations to help
Read More “Owning a Franchise: How to Determine if Owning a Franchise is the Right Fit for You”
Wondering if your business is ready to be franchised? When thinking about franchising your business, there are a few key criteria to consider. Working with a franchise consultant can help you determine if: 1) you offer a superior product or service, 2) your concept is easy to share and teach, 3) your concept is easy to replicate across a diverse set of locations, and 4) your concept is not one tha
