Commercial real estate is experiencing an explosion like never before as baby boomers begin to retire and the economy picks back up.
The trend towards franchising is also expected to continue at a phenomenal rate, making this the perfect time to invest in a business such as Transworld Business Advisors that capitalizes on all of these concepts. With Transworld Business Advisors’ easy to follow franchise model and systems, franchisees can hit the ground running, but first there are a few financial requirements that must be met.
A franchise fee of $44,500 must be paid to United Franchise Group in order to purchase a new Transworld Business Advisors territory. This fee covers a variety of expenses such as professional training services, materials needed to begin a business brokerage firm, the support of our vast network of industry professionals and experts, to name a few. Qualifying veterans may receive a 10% discount on their franchise fee.
Franchisees can expect to invest approximately $62,500 when launching their new Transworld Business Advisors franchise. This total investment is much lower than many other types of businesses or franchises. Business brokerage companies can be run out of virtual offices, as there is little to no need for actual office space. Virtual offices provide communication services, which is all you truly need to run a Transworld Business Advisors franchise effectively.
Transworld Business Advisors generally requires franchisees to pay 8 percent of commissions from sales towards royalties each month. During the first 4 to 15 months of operation, franchisees are required to pay 8 percent of gross revenue or $300 per month, whichever is greater. After 16 to 27 months of operation, franchisees are required to pay 8 percent of gross revenue or $500 per month, whichever is greater. After 27 months of operation, franchisees are required to pay 8 percent of gross revenue or $750 per month, whichever is greater.
Technology and Marketing Fees
Transworld Business Advisors remains a successful business brokerage company in large part because of TOMS – the Total Online Marketing System and the database that helps to link commercial buyers and sellers together. This proprietary software allows franchisees to market their listings across a vast network of listing sites. A monthly technology fee of $150 and a monthly marketing fee of $150 are required to maintain these complex systems that make running a Transworld Business Advisors franchise simple.