Transworld Business Advisors Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$104,105 - $131,055
Franchise Fee
$49,500
Min Cash Required
$6,000
Total US Locations
453
Business Summary
A Transworld Business Advisors franchise operates as a business brokerage, assisting sellers and buyers in the purchase and sale of existing businesses, including franchised businesses. Transworld Business Advisors also serves as a referral agent for franchisors, recruiting and meeting with prospective franchisees to introduce them to various franchise concepts. Additionally, Transworld Business Advisors franchisees can help existing business owners establish their own franchise systems.
Corporate History
Transworld Business Advisors, LLC was organized in October 2010 in Florida. Its immediate predecessor, UFG Synergies, LLC (UFGS), acquired the franchise agreements and trademarks of two earlier predecessors, FranchiseMart, LLC and Biz1Brokers, Inc., on December 31, 2009. UFGS began offering co-branded FranchiseMart/Biz1Brokers franchises in January 2010. In October 2010, UFGS assigned all these agreements to Transworld Business Advisors, LLC upon its formation, and the franchisees began operating under the Transworld trademark. Transworld Business Advisors, LLC started offering its current franchise model in December 2010.
Financial Overview
Investment Range
$104,105 - $131,055
Franchise Fee (Low)
$49,500
Franchise Fee (High)
$67,500
Minimum Cash Required
$6,000
Royalty %
10%
Marketing %
1%
Equipment Costs (Low)
$22,695
Equipment Costs (High)
$24,745
Working Capital
$11,250
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Transworld Business Advisors, LLC's financial statements show positive members' equity in 2024 ($234,724) and 2023 ($458,136), a significant improvement from a deficit in 2022 ($54,546). Cash and cash equivalents have also increased substantially from $182,898 in 2022 to $619,168 in 2024. While the company generated positive net income in all three years, it experienced a notable decrease from $637,256 in 2023 to $16,588 in 2024. Cash provided by operating activities also decreased from $680,556 in 2023 to $443,093 in 2024. The company's current assets exceed its current liabilities, indicating good liquidity. The auditors provided an unqualified opinion, and management believes the company will continue as a going concern for at least the next twelve months. There are uninsured cash balances of $267,391 in 2024.
Financing Details
Transworld Business Advisors does not offer any direct or indirect financing to franchisees, nor does it guarantee any notes, leases, or other obligations.
Performance Metrics
Total US Locations
453
Franchised Units
452
Corporate Units
1
Avg Square Footage
600
Franchising Since
2010
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
4
Litigation Summary
Transworld Business Advisors has a legal history involving its affiliates, although no pending litigation against the franchisor itself or litigation commenced against franchisees in the past fiscal year is disclosed. In 1993, an injunctive order was filed against Signarama, an affiliate, by the Federal Trade Commission, prohibiting false representations of sales/profitability, failure to disclose transfer fees, and earnings claims without proper documentation. In 1996, Signarama also entered a consent order with Maryland's Securities Commissioner for selling franchises while its registration had lapsed. More recently, in 2021, an affiliate, Great Greek Franchising, LLC, entered a consent order with California regarding unauthorized changes to registration conditions and collection of initial fees before obligations were met. Furthermore, in March 2022, Great Greek Franchising, LLC, Graze Craze Franchising, LLC, and UFG Group, Inc. (also affiliates) entered consent orders with California related to alleged violations at a trade show where information was provided about franchise offerings without valid registration or exemption.
Bankruptcy History
Transworld Business Advisors has no bankruptcy information required to be disclosed.
Agreement Terms
Initial Term
35 years
Renewal Term
35 years
Renewal Conditions
To renew their franchise agreement, Transworld Business Advisors franchisees must provide written notice of their intent to renew, be in compliance with the Franchise Agreement, sign a new Franchise Agreement which may contain materially different terms and conditions, pay a $5,500 renewal fee, and sign general releases.
Training & Support Program
Franchisor Assistance
Transworld Business Advisors provides pre-opening assistance that includes initial training at their corporate headquarters in Florida (including transportation, accommodations, and one daily meal for one person), a four-day on-site visit from a corporate representative within 180 days of signing the agreement to assist with initial operations and marketing, selling a Software and Supplies Package, recommending a bookkeeping system, and providing a detailed Operating Manual and other written materials. Ongoing support includes continuous research and development updates, periodic conventions for franchisees every 12-18 months (featuring vendors, suppliers, and seminars), soliciting new franchisors for the lead referral program, providing promotional literature, sending corporate newsletters and bulletins on sales and operating procedures, offering continual advice and support via telephone, email, and Internet, and assisting in entering or posting listings within the Transworld CRM and on third-party websites.
Initial Training Hours
85
Training Location
West Palm Beach, Florida and Fort Lauderdale, Florida
Ongoing Support
Transworld Business Advisors provides ongoing support to its franchisees through continuous research and development updates, which are reflected in periodic Operating Manual revisions. The franchisor hosts conventions every 12-18 months, inviting vendors and suppliers, and conducting seminars for ongoing training and industry awareness. It also continuously solicits new franchisors to join its lead referral program and provides franchisees with their promotional literature. Franchisees receive corporate newsletters from time to time, along with bulletins on sales methods, marketing techniques, and business procedures. Continuous advice and support for operations are offered via telephone, email, and the Internet. Additionally, Transworld Business Advisors helps by entering or posting franchisee listings within its CRM and on third-party business-for-sale websites to broaden marketing exposure.
Franchise Requirements
Ideal Candidate Profile
Transworld Business Advisors looks for individuals or entities where a principal or fully trained manager can devote full-time and best efforts to the management and operation of the Transworld agency. Franchisees should possess strong management skills and general business acumen, as these factors are noted to affect operational costs. Candidates must also maintain a competent and trained staff and are expected to follow the franchisor's systems and procedures diligently.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
commercial
Owner Participation
full-time
Territory Type
exclusive
Staff Count
2
Territory Size Requirements
Transworld Business Advisors defines each Designated Marketing Area as a geographic area containing 8,000 or more registered businesses. The franchisee's agency must be located within this defined area.
Staffing Notes
Transworld Business Advisors requires franchisees to maintain a competent, conscientious, neat, and trained staff. For territorial exclusivity, franchisees must employ or contract with at least two agents in each Designated Marketing Area. All new salespersons hired by a franchisee must attend a five-day training class at the company's headquarters or complete an online training course, and they must pass a background check. Sales agents are also required to sign a confidentiality agreement. The franchisor reserves the right to refuse training to sales agents if they reside within another franchisee's Designated Marketing Area or if the franchisee interfered with a prospective franchise sale.