If you’re looking to invest in a franchise, then there are a few things that you may have on your checklist. One of your priorities will probably be to invest in a franchise that has seen some growth in terms of not just its specific brand, but its industry as well. If you want to run a franchise that gives you a lot of freedom, then you should consider investing in a business brokerage franchise. As far as business brokerage franchises go, few are growing as quickly as Transworld. The following are just a few reasons to consider investing in a Transworld business brokerage franchise:
1. Steady Franchise Growth
Transworld began its franchising operation back in 2007. A year later, we already had 13 franchises—two of which were internationally based. Ever since then, we’ve seen steady growth without any drop-off. As of 2016, we have 171 American-based franchises and 23 international franchises. Whenever you look at the health of a business brokerage franchise, looking at the growth of franchise units is an excellent indicator that they are doing well. A franchise that is doing poorly will most likely struggle to sustain any kind of growth as it begins losing units once they begin failing. If the last decade is any indication, Transworld should only continue to grow.
2. A Stellar Reputation
Transworld’s growth has resulted in a strong reputation the world over. In fact, our business brokerage franchise was named number 266 on this year’s Entrepreneur Franchise 500 list, which is no small achievement.
3. Work Freedom
One of the main reasons that people invest in franchises is because they are tired of having to answer to someone above them. They want to become an owner so that they can run their business on their own. If you want to be your own boss, then a franchise is one of the best ways to do it. Of course, most franchises still have some limitations. You have to work within the franchisor’s guidelines and you will have to hire a staff, which does limit what you can do since you are in charge of overseeing them.
With Transworld, though, you don’t need a staff—it’s just you. This gives you much more freedom in how and when you work. While there are still guidelines to help prevent you from failing, they aren’t quite as stringent since you don’t have a staff or store to worry about.
4. Low Costs
One of the reasons why Transworld has seen such impressive growth over the last decade is due to its low startup costs. While typical franchises can cost a few hundred thousand dollars (depending on the nature of the franchise), Transworld only requires an initial investment of $64,632 to $86,877. This amount isn’t nearly as difficult to put together via financing as the amounts required by other franchises. Additionally, you’ll only need a net worth of $44,500 to invest.
5. Low Overhead
You also won’t need to lease a store location to run your franchise. In fact, you won’t even need a staff. This means that you can work from an office in your home, which eliminates some of the standard business expenses such as rent, utilities, and employment. Not to mention that you’re providing a service and not a product, which means you don’t need to produce anything, eliminating the need for expensive equipment.
If you’re interested in a business brokerage franchise that’s part of a growing brand, then be sure to contact us at Transworld Business Advisors for more information today.