Andy and Jessica welcome you to a very special episode since Transworld Business Advisors is celebrating 10 years of franchising! For this occasion, you will hear the testimonies of people that make it possible. The stories you will hear in today's episode are filled with amazing experiences that have contributed to their tremendous growth. Many are responsible for taking Transworld Business Advisors across the world. Let's celebrate together a decade of growing and doing good deals for good people!
Listing of the week: Chris "Chip" Redmond (Central Florida). Heavy-duty truck and equipment and auto repair shop, nice niche in equipment category. Unique location. The business made over $800,000 in sales last year and the SDE is $232,000. The two owners are ready to retire. Call Chip at chrisredmond@tworld.com or call (321) 299-6867.
Key takeaways:
[5:47] Marc Lazarus (Passaic County, New Jersey) shares how he became a Transworl's franchisee.
[10:09] Marc describes where Transworld is now compared to 2010.
[12:35] Alex Ledford, Financial Analyst at Transworld Business Advisors.
[15:32] Deal of the week: Aaron Fox (North Boston). Precision Plastics Manufacturing Company. The buyer was experienced in the field. The deal closed with blended financing with SBA and seller finance. SDE: $400,000. Sold at two and a half multiples.
[20:12] Greg Nowak, Sales Coordinator, talks about the current very busy market.
[23:30] Greg shares his view about Transworld's future.
[24:42] Listing of the week: Chris "Chip" Redmond (Central Florida). Heavy-duty truck and equipment and auto repair shop, nice niche in equipment category. Unique location. The business made over $800,000 in sales last year and the SDE is $232,000. The two owners are ready to retire.
[27:55] Cory Hibbard, Director Of Operations, Consulting Division at United Franchise Group.
[28:41] Cory shares his journey with Transworld for the past six years.
[29:36] One of Transworld's major focuses has been on advancing along with the progress of technology.
[32:10] Cory and Andy talk about the opportunities that the COVID-19 crisis has left.
[33:28] Cory shares his vision for Transworld's future.
[34:14] Ray Titus, CEO of United Franchise Group.
[35:12] Ray had a vision for Transworld Business Advisors and that vision became a reality.
[38:45] Ray talks about the moment Signarama went worldwide.
[41:32] In October 2020, nine businesses were turned into franchises.
[43:56] Ray shares his vision for the next ten years for Transworld Business Advisors and United Franchise Group.
[45:50] The key ingredient for success is trust.
[47:40] Bill Luce, President of Transworld Business Advisors.
[48:14] These ten years have been better than anyone could have imagined.
[51:32] The best ideas come from the franchisees.
[53:07] Bill shares what excites him about the future for Transworld Business Advisors.
Mentioned in this Episode:
The Deal Board Podcast
United Franchise Group
Transworld Business Advisors
Transworld on Linkedin
Transworld on Facebook
Call us — (888) 711-9018
Email us thedealboard@tworld.com
Call Marc Lazarus (Passaic County) at (201) 370-9600 or email ml@tworld.com
Call Aaron Fox (North Boston) at (781) 773-8922 or email afox@tworld.com
Email Chris "Chip" Redmond (Central Florida) at chrisredmond@tworld.com or call (321) 299- 6867.
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