The Michelin Guide has officially arrived in Texas, sparking excitement across the Lone Star State. Nowhere is the enthusiasm more palpable than in Houston, where the Texas 2024 Michelin Guide ceremony lit up the 713 Music Hall, spotlighting some of the city’s finest culinary treasures. The accolades largely celebrated Texas' major cities, with Austin narrowly outpacing Houston in the prest
Are you on the hunt for the ideal business to buy but feeling like you're searching for a needle in a haystack? We get it—the process can be overwhelming. That's where Transworld's Buyer Match Program comes in to make your life easier! Imagine receiving an email the moment a new listing that fits your personal business preferences hits the market. Sounds pretty convenient, right? With our B
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As the final quarter of 2024 approaches, small business owners are increasingly optimistic about the business-for-sale market. The Q3 2024 BizBuySell Market Insight Report highlights these growing sentiments and the key factors driving market trends, including the impact of the upcoming U.S. presidential election and recent interest rate cuts by the Federal Reserve. Key Insights from Q3 2024 Sel
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Selling your business is like sharing a cherished family recipe—you don't want it falling into the wrong hands. Confidentiality is crucial to protect your hard-earned success during this complex process. Let's explore why Non-Disclosure Agreements (NDAs) are essential and how Transworld Business Advisors of South & West Texas take extra steps to safeguard your business. Industry Standards:
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No matter how much someone loves their career or current position, there will come a time when they decide to move on or retire. When the person departing is the business’s leader, it can shock the organization. Business succession planning can help manage this process, making it smoother and more manageable for the person leaving and those remaining. Ensuring a smooth transition is vital no
Starting a small business in Texas offers exciting opportunities, thanks to the state’s booming economy and supportive business environment. Whether you're pursuing your dream of becoming your own boss or expanding your entrepreneurial horizons, getting started can be overwhelming without a structured plan. This checklist will guide you through the critical steps needed to launch your Texas
There is no denying the importance of social media in business today. Anyone looking for social media ideas for small businesses needs to take advantage of market research and industry trends to expand their reach. But what are the most effective ways to use social media to benefit the economic growth of your company? Let’s explore how to develop a business effectively with the assistance of
Business brokerage firms play an essential role in buying and selling businesses. They facilitate the process by valuing businesses, identifying potential buyers or sellers, negotiating deals, and ensuring legal and financial compliance. Staying updated with emerging trends is vital for both business advisors and small business owners. It allows them to anticipate market shifts, understand evolvin
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Trust and communication are essential no matter what kind of relationship you are in—business or otherwise. They are the cornerstones of building successful client relationships in business brokerage. But knowing you need trust and communication is not the same as having them. Here are some tips on developing these qualities to build a healthy partnership. Steps to building client r
In recent years, the wellness industry has experienced a significant surge as more individuals prioritize their health and well-being. This trend shows no signs of slowing down with certain segments within the wellness market poised for growth. Among these, Medspas, Cryotherapy centers, and Yoga Studios stand out as key players in meeting the increasing demand for holistic health solutions. These
Small business acquisitions grew 10% over the previous year and 3% over the previous quarter, according to BizBuySell's Insight Data, which tracks and analyzes U.S. business-for-sale transactions and sentiment from business owners, buyers, and brokers. A total of 2,384 businesses changed hands in the first quarter, representing an enterprise value of $1.8 billion, which is 24% higher than the same
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Creating a business plan is a significant milestone for any entrepreneur, laying the foundation for a company's vision, strategy, and goals. However, the journey doesn't stop there. The next steps are crucial to turning your plan into reality and ensuring your business's success. Let's explore the key actions you must take to move forward effectively. Secure Funding One of the most critical step
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Business owners are like diamonds—no two are alike. The same holds true for why a business owner opts to sell their business. Each business owners’ reason for selling varies and will be based on a variety of calculations from preparing for retirement to wanting to start a new venture. The process of deciding to sell can be difficult and drawn out. However, once the decision has been m
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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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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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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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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
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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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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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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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’s another to maximize that value. To sell your business at the highest fair price, it must meet certain requirements. Preparing your business in advance can make a big difference. When in doubt, work with a business advisor to adopt goals that maximize the value of your business. 1. Credible and organized financials that prove profitab
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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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
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 foolproof strategy. An experienced business broker will help you organize your thoughts and intentions; they will guide you through thes
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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
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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
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
Ever wonder why some small businesses suddenly skyrocket while others seem stuck in first gear?Spoiler alert: it's not just about working harder—it's about scaling smarter. Scaling a small business isn't just about getting bigger; it's about building a robust foundation that supports sustainable success and increases your company's value. While many think of scaling as simply expanding oper
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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
