In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks with the CEO of Transworld Business Advisors, Andy Cagnetta.
Transworld Business Advisors is a brokerage firm that helps buyers and sellers acquire or sell businesses. They sell all sorts of business at varying stages of growth, though they generally work with 1 – 5 million-dollar businesses. Transworld sets themselves apart by creating competition for deals through its vast network. They like to maximize profit potential for sellers and offer competitive deals for buyers. Andy shares that Transworld likes to find good deals for good people.
Andy shares that he bought Transworld when it was still a very small company, but over the years, he has turned it into a franchise with over 250 locations worldwide and hundreds of on-the-ground team members. Transworld works with business owners who are ready to sell or those planning to exit in a few years. It’s important to plan for your exit from early on; Transworld can certainly help you grow and increase your revenue streams in preparation for your exit later.
Josh and Andy also explore buyers. Who buys businesses in this context? Andy shares that 95% of those who buy these businesses are operators. Andy shares that there are many buyers who are immigrating or relocating and wish to have branches or businesses based in the US. There are also many younger entrepreneurs who are looking to acquire a business they can add to and optimize. There are a variety of types buyers in the marketplace.
According to Transworld’s website, when a company owner needs to sell their business, they can’t just stick a for sale sign in the window. They need the assistance of a business broker to locate and vet potential buyers. On the other side, buyers rely on the broker to help facilitate the process of evaluating potential businesses and franchises for sale. Transworld Business Advisors offers solutions for both scenarios. Transworld Business Advisors focuses on three core concepts: business brokerage, franchise consulting, and franchise development.
With over 40 years of experience, over 10,000 businesses sold, over 600 experienced brokers, and over 250 offices worldwide, it’s no wonder that Transworld Business Advisors is considered one of the top brokerage firms in the industry. If you’re looking to buy or sell a business, or you want to begin planning your exit, reach out to the Transworld Advisors team here.
Want to learn more? Check out Transworld Business Advisors’ website at https://www.tworld.com/.
Check out Transworld Business Advisors on LinkedIn at https://www.linkedin.com/company/transworld-business-advisors/.
Check out Andy Cagnetta on LinkedIn at https://www.linkedin.com/in/acagnetta/.
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