There are usually a lot of questions that come to mind when entrepreneurs first start thinking about opening a Transworld Business Advisors franchise.
The business brokerage and franchise consulting fields can be complex, so we try to take the complexity out of opening a franchise as much as possible. The following are answers to a few of the most common questions asked by franchisees when getting into the business:
Why should I franchise instead of starting my own business brokerage company?
Franchising any kind of business can give business owners a leg up on the competition. Franchises come with systems and processes that have been tested and have proven to work. Transworld Business Advisors franchises also come with a strong supporting network and technology that can make it easier for franchisees to help clients.
What makes Transworld Business Advisors special?
Transworld Business Advisors franchisees are given proprietary software that allows them to confidentially list businesses that are for sale and use other listings from the network to help business buyers find ideal companies to purchase. Transworld’s experienced network of professionals can also give business owners superior assistance in beginning to franchise their concepts.
How do I know which franchise is the best in the business?
A few magazines and websites publish rankings every year that can help aspiring business people determine which franchises are the best in the business. Rankings are based on factors such as growth, stability, cost to startup, and financial strength. Transworld Business Advisors has been named the number one business brokerage franchise in the Entrepreneur Franchise 500 every single year since the company began franchising.
How much will it cost to open a Transworld Business advisors franchise?
A Transworld Business Advisors franchise is much less expensive to start and run than most other franchises. Franchisees should expect to invest around $70,000 to get the business running smoothly. The $49,500 franchise fee is figured into this total.
Do I have to have business brokerage or franchising experience to get started?
All states in Australia require that business brokers have licenses, so it may be necessary to attend the necessary training classes and meet the requirements to obtain one. All the fees for training are included in your investment. It is not necessary for franchisees to have experience in the industry beyond acquiring this certification, but some degree of business or real estate experience is a plus. Transworld Business Advisors franchisees do receive two weeks of training (the first week we fly you to our Corporate Headquarters in West Palm Beach, Florida), as well as continuous support to aid with understanding the specifics of the industry and the company processes.