Holiday recognizes business brokers – the matchmakers of the U.S. economy.
WEST PALM BEACH, FL (May 4, 2022) – Transworld Business Advisors®, part of United Franchise Group™ (UFG) family of affiliated brands and consultants, is a global network of brokers who facilitate the buying and selling of businesses and commercial real estate. In recognition of the professionals who play a vital role in protecting the economy’s health, Transworld Business Advisors has created National Business Broker’s Appreciation Day, to be celebrated annually on May 4th .
Company leaders announced the observance to great excitement from the more than 200 brokers attending Transworld Business Advisors’ National Conference in Denver, Colorado, prior to the International Business Broker’s Association Annual Conference.
Andy Cagnetta, CEO of Transworld Business Advisors, said, “We’re thrilled to create this holiday to give business brokers the recognition they deserve. Business brokers are the matchmakers of the economy, bringing buyers and sellers together and ensuring they’re a good fit for each other. They keep the economy moving by helping to keep businesses in the right hands, and we wanted to call attention to their great value.”
Small-business sales are showing steady growth after a drop during the pandemic. According to BizBuySell, which tracks and analyzes small-business data, sales rose by 24 percent in the first quarter of 2022. Analysts say demand for buyers is growing as many Baby Boomer-age owners look to retirement and decide to sell. As a result, the median sale price of a business is now a record $345,000, up 6 percent over the previous year.
Bill Luce, President of Transworld Business Advisors, said, “This day is all about our franchisees. Transworld Business Advisors has experienced tremendous growth because of our hard-working, dedicated network of advisors, and this holiday is just one way we want to show them our appreciation for all they have accomplished.”
National Business Broker’s Appreciation Day is set aside to praise the men and women who help steer clients through this complex transaction, negotiating paperwork and processes and making sure the right buyer is matched with the right business. In addition, the holiday celebrates the hard work of the business broker, who provides the professional services that successfully bring buyers and sellers together and make their business dreams come true.
About Transworld Business Advisors
Transworld Business Advisors® is part of United Franchise Group™ (UFG) family of affiliated brands. With 40 years of business brokerage experience, Transworld Business Advisors is in the business of helping buyers and sellers connect, conducting franchise consulting, and franchise development. The company represents acquisition-minded corporations or individuals interested in owning their own company or franchise. From business brokerage to mergers and acquisitions, Transworld Business Advisors are business sale specialists that represent numerous listings across multiple industries. For information about buying or selling a business visit, www.tworld.com and for information on owning a Transworld franchise, visit www.tworldfranchise.com.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group™ (UFG) is home to an affiliated family of brands and consultants including Accurate Franchising Inc.™, FranchiseMart®, Franchise Real Estate™, Fully Promoted®, Preveer™ (formerly Resource Operations International), Signarama®, Transworld Business Advisors®, and the Coworks™ division consisting of Network Lead Exchange™(NLX), Office Evolution® (OE) and Venture X® as well as a food division featuring Graze Craze®, Jon Smith Subs®, and The Great Greek Mediterranean Grill®. UFG affiliated brands include over 1600 franchises in more than 60 countries, with consultants that have helped develop over 350 brands into franchises, in over 80 countries with more than 2500 franchisees. With over three decades in the franchising industry United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
The combination of Venture X and Office Evolution establishes the largest privately-owned global franchisor in the coworking industry.
WEST PALM BEACH, FL (May 2, 2022) — Ray Titus, Founder and CEO of United Franchise Group™ (UFG) and Mark Hemmeter, Founder and CEO of Office Evolution® are pleased to announce a strategic alliance. Venture X®, a UFG affiliated company, and Office Evolution will now exist within the newly formed UFG coworking division, Coworks™, as part of the United Franchise Group family of affiliated brands. This merger will make UFG’s Coworks division the largest privately-owned franchisor in the coworking industry, worldwide, offering professionals two tiers of flexible office workspaces and access to membership benefits across the globe.
“It is obvious that the coworking industry is rapidly evolving and as the industry grows, it is being consolidated through acquisitions by the largest players.” said Ray Titus, CEO of United Franchise Group, “With workplace flexibility becoming a driving force in today’s business, I’m very pleased that Coworks, and therefore UFG, are at the leading edge of this transformation.”
Their leadership agrees that the intention is to keep both highly recognized, distinguished, and valuable coworking brands running separately under the Coworks division and consider adding other brands with differentiating assets in the future.
The global leader for entrepreneurs, United Franchise Group is home to a family of affiliated brands and consultants with over three decades of experience operating in the franchising industry, spanning over 60 countries, and connecting some of the world’s largest industry-leading names.
Although professional business sources widely differ on the current value assessment of the coworking industry, analysts agree that it is poised to double in growth within the next three to five years, predicting values of between 40 and 50 billion dollars. A staggering statistic for a market that only just began in the early 2000’s and was then described as a movement. Business challenges of the past couple years have ramped up the need for flexible office space as working remotely emerged as not only mainstream but also a competitive advantage and an essential employee benefit.
Office Evolution (OE) was founded in 2003 in Colorado. Based in Denver, the team and its franchisees have grown OE into North America’s largest privately owned, shared-office, executive suites, and coworking franchisor. They have 75 locations, in 25 states with another 5 locations under construction.
“Wherever they live, people need places to work, think and dream,” said Mark Hemmeter, CEO of Office Evolution. “I’m so happy that, by joining forces with UFG and Coworks, we’ll be there with tomorrow’s workforce, every step of the way.”
Catering to small business owners, Office Evolution locations are affordable, flexible-work spaces, often in suburbs or secondary markets, with ground floor placement utilizing one employee to run an average unit of 10,000 square feet. Venture X builds its premium, high-end coworking locations in prime urban and suburban locations, with elevated views, utilizing two employees per unit with an average of over 20,000 square feet. The investment levels also vary greatly for individual locations of both Venture X and Office Evolution.
“We are especially enthusiastic about the synergies that our companies share — like marketing, sales, real estate, and training — strengths that will support a seamless integration as well as our international master licensing initiatives.” said Michael White, President of Venture X. “With membership reciprocity between Venture X and Office Evolution, our combined coworking space offerings will be extremely attractive for professionals.”
The combined footprint of Venture X and Office Evolution through UFG’s Coworks division is over 130 locations worldwide, with estimates of over 100 more in various stages of development. The company leadership has formed a strategic plan that not only adds other brands but surpasses all other coworking companies in number of locations, within the next 3 years.
“With the variety of choices, we can now provide within our flexible office spaces,” comments Jason Anderson, UFG Chief Strategy Officer and President of Coworks. “Our goal is to offer members unique levels of amenities and benefits available in our locations, comparable to the brands and loyalty programs within Marriott’s Bonvoy. As we continue to evolve Coworks, we are actively seeking to add other unique flexible office space operators to our portfolio, making us the clear franchise leader in the coworking industry.”
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group™ (UFG) is home to an affiliated family of brands and consultants including Accurate Franchising Inc.™, FranchiseMart®, Franchise Real Estate™, Fully Promoted®, Network Lead Exchange™(NLX), Preveer™ (formerly Resource Operations International), Signarama®, Transworld Business Advisors®, and the Coworks™ division consisting of Office Evolution® and Venture X® as well as a food division featuring Jon Smith Subs®, The Great Greek Mediterranean Grill®, and Graze Craze®. With over three decades in the franchising industry and more than 1,600 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group™ (UFG) is home to an affiliated family of brands and consultants including Accurate Franchising Inc.™, FranchiseMart®, Franchise Real Estate™, Fully Promoted®, Network Lead Exchange™(NLX), Preveer™ (formerly Resource Operations International),Signarama®, Transworld Business Advisors®, and the Coworks™ division consisting of Office Evolution®and Venture X® as well as a food division featuring Jon Smith Subs®, The Great Greek Mediterranean Grill®, and Graze Craze®. With over three decades in the franchising industry and more than 1,600 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
About Office Evolution
Office Evolution® (OE), a shared workspace – coworking environment, cultivated on the principles of ’Ohana’, the Hawaiian tradition referencing family working towards a common goal. OE was founded in 2003 in Boulder, Colorado by Mark Hemmeter a lifelong entrepreneur and real estate enthusiast from Hawaii. In 2022, Office Evolution joined Coworks™ the largest privately held affiliated coworking franchise network on the planet, associated with United Franchise Group™ (UFG), a successful community of affiliated brands and consultants. Office Evolution is serious about supporting small business owners – the Dreamers, Risk-Takers and Doers who dare to chase their passions. For more information about Office Evolution visit www.officeevolution.com and for information about franchise opportunities visit www.officeevolution.com/development.
About Venture X
Venture X® is a flexible workspace and community that is a blend of boutique hotel and modern office styles, with an elevated level of design that feels professional and welcoming. Each Venture X location features beautifully curated spaces and a highly developed environment within a community where people love coming to work every day. Venture X is part of a successful family of associated companies, consultants, and brands, affiliated with the United Franchise Group™ (UFG), and has been recognized by Inc. as one of the best co-working spaces in the United States. For information about Venture X visit www.venturex.comand for information about franchise opportunities visit www.venturexfranchise.com.
Coworks™ specializes in franchising within the coworking industry, offering solutions, expertise, and shared service options within the flexible workspace franchise community. Part of the United Franchise Group™ (UFG) family of affiliated brands and consultants, Coworks was founded in 2021 by Ray Titus, founder and CEO of United Franchise Group, with the express intention of building a framework to connect a variety of coworking brands, services, and amenities within the coworking industry, providing the largest privately owned affiliated franchise network of flexible, professional, and shared office space options on the planet. For more information about Coworks, visit www.coworksllc.com.
Transworld Business Advisors, the world’s leading business brokerage franchise, providing business brokerage, franchise consulting, and franchise development services to entrepreneurs, is celebrating its 100th episode of their Podcast, “The Deal Board – Business Exit Experts.” The podcast will be available on TheDealBoardPodcast.com on March 31.
The Deal Board Podcast is hosted by Transworld CEO Andy Cagnetta and Jessica Fialkovich, owner of Transworld Rocky Mountain. Since the first episode in October 2018, The Deal Board has been helping listeners understand the process of buying and selling a business told by entrepreneurs and brokers that have experienced their own business ownership endeavors.
“We launched this Podcast to fill the void – no one was talking about the buying and selling part of the business,” said Cagnetta. “Now, as we approach out 100th episode, I think we’ve been able to reach entrepreneurs that truly needed that key information and helped them better understand the buying and selling process. Plus, through the Transworld network we are able to provide real world experiences and advice, which is really an invaluable tool especially today.”
Looking back at the last 99 episodes, we’ve heard from industry experts about negotiations, fatal mistakes, predictions about the new decade, goal settings, and so much more. We hosted regional shows and heard from listeners around the world; UK, France, and Australia to name a few.
To celebrate the 100th episode, the hosts are running a contest to identify the Top 10 Business Tips. The Top 10 submissions will make a guest appearance on the 100th Podcast episode. The number one business tip will receive the MVP prize. Visit TheDealBoardPodcast.com on March 31 to listen to the podcast and hear the Top 10 Tips. Want to enter the contest? Click Here for more information.
About Transworld Business Advisors
Transworld Business Advisors is part of United Franchise Group of brands. With 40 years of business brokerage experience, Transworld Business Advisors is in the business of helping buyers and sellers connect, conduct franchise consulting, and franchise development. The company represents acquisition-minded corporations or individuals interested in owning their own company or franchise. From business brokerage to mergers and acquisitions, Transworld Business Advisors are business sale specialists that represent numerous listings across multiple industries. For more information on owning a Transworld franchise, visit www.tworldfranchise.com.
FranchiseMart has been a driving force matching entrepreneurs to the perfect franchise opportunity for over a decade. Today, the brand announced the newly redesigned digital platform which combines new franchise listings and franchise resale opportunities in one spot.
Whether a buyer is looking to purchase a business in the retail or food industry, a B2B consulting or home-based franchise, FranchiseMart expert advisors are available every step of the way to help identify and match the perfect business opportunity. Buyers will be faced with many decisions including whether they want to purchase an established business or open a new location. There are benefits for each and the FranchiseMart experts can break down both sides of the equation to determine which option makes most sense for each buyer.
“We have an extensive selection of existing, turnkey franchise locations across the country,” said Chad Palmer, Vice President of FranchiseMart. “In addition to researching on your own using the new FranchiseMart platform, our team can alleviate the burden of navigating the process alone and help buyers identify the best match for them.”
Additionally, if an established business owner is interested in franchising a business concept, FranchiseMart can provide assistance through its sister brand, Accurate Franchising, Inc. Accurate Franchising is the only consulting company affiliated with franchise brands they brought to the marketplace. The company’s first-hand experience with franchising gives them an intimate understanding of what a franchisor needs to succeed.
FranchiseMart is backed by United Franchise Group, a powerhouse association of multiple award-winning companies and led by lifelong entrepreneur, Ray Titus. United Franchise Group has 35 years of experience and more than 1,600 franchisees in over 80 countries.
Currently, FranchiseMart is hosting hundreds of franchise listings and franchise resale opportunities, with listings added daily. To view the current listings, visit FranchiseMart.com. To get in touch with a FranchiseMart expert, or to book a virtual appointment, click here.
FranchiseMart is a one stop shop for entrepreneurs looking to buy an established or new franchise location. Comprised of a team of expert advisors, FranchiseMart helps navigate the process of buying a franchise. FranchiseMart also helps Franchisors find new owners for their resales with the FranchiseMart Resale Assistance Program. For more information about FranchiseMart, visit www.FranchiseMart.com.