Franchise Spotlight: Business Broker
Business Broker industry trends show that this is a sector teeming with franchise opportunity.
Business Brokers help people to buy and sell businesses. This is a great sector to franchise in if you have a good understanding of the business world and you’re looking for low start-up costs and working from home potential. Business Brokers bridge the gap between the buyer and the seller and ensure that the deal is managed from both sides.
Business owners who have devoted years to building a successful business and are now looking to sell or merge, need support to ensure they receive the best price possible. This is why they outsource these sales to business brokers who have the industry knowledge, contacts and expertise and can manage the sale in a cost-effective, efficient manner.
Transworld Business Advisors is a traditional recruitment company that supports people looking to buy and sell businesses by locating and analysing potential companies and buyers. Companies such as Network Lead Exchange is a business networking and referral group. Franchisees (Chapter Owners) vet potential business owners who are interested in being part of the network.
Recruitment Industry Analysis
The recruitment sector is a highly competitive and fast-paced market where franchisees will need to be confident adapting to changes in the sector as well as managing new systems. Recruitment experience is not vital, but will certainly help. Rather, a background in sales, business management and excellent communication skills will be desirable.
In such a competitive industry, there is no doubt that the marketing tools of a recognized brand and the business contacts a franchise offers will be invaluable. Delivering the perfect candidate in a given time frame can be exciting and rewarding but franchisees will need to be able to work efficiently under pressure. For franchisees with a passion for people and an interest in recruitment, this is a potentially profitable market that is teeming with possibilities.