Start a Transworld Business Advisors Franchise in 2024

2024 Franchise 500 Rank: #80 Ranked #86 last year

Initial investment: $97K - $122K

Units as of 2024: 486 52.4% 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, TikTok

Business Overview

Franchising Since	2010 (14 years)
# of employees at HQ	240
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	486 (as of 2024)

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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$64,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$96,705 - $122,465
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	8%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	$165/mo.
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes