VR Business Franchise Owner in McKinney Texas Highlighted in Dallas Morning News

Larry Lane, Owner of the VR office in McKinney, Texas, was recently showcased in the Dallas Morning News, offering useful recommendations to small business owners who are looking to sell their business.

In the article, Larry discusses five tips to plan for an exit strategy:

Setting a Timeline

Since it can take more than a year from listing a business for sale to completing the transaction, the best time to sell will always remain when a business has a growing revenue stream with profits at their peak and more untapped potential to have greater success.

Making Sure the Business is Ready

The business should have a diversified customer base where no client makes up more than 15 percent of the total sales. A strong management team should be in place with updated equipment and software.

Focusing on Profitability

Make sure that the business has maximized their profits. Many business owners will instead maximize expenses to minimize profits, which in turn minimize taxes; however, this will turn away potential buyers who focus on profitability. Remember, most business transactions are based on a multiple of earnings.

Learning Business Valuation Trends

Most owners need to be educated in the importance of having a valuation done on their business to avoid offering the wrong asking price.

Understanding Tax Ramifications

Make sure that the business owner understands the full tax implications of a business sale. Have the owner visit an accountant to cover all the odds and ends, and ask him or her if they would consider providing seller financing – this typically defers some taxes and allows for a higher asking price.

Larry saw the potential that VR Business Brokers has to offer, which led him to become a successful business owner of his franchise location in McKinney, Texas in facilitating the buyer and selling of businesses.

For more information about owning your own successful VR Franchise please contact VR Headquarters at  (800) 377-872.

For a quick review of the VR Franchise please see the VR Franchise Webinar slideshow presentation 


Owner of VR Business Office in Hawaii Comments on State of Economy

VR in Hawaii has seen a dramatic increase in the number of business listings due to the growing confidence in the marketplace. As a result, VR Owner in Hawaii, Matthew DiGeronimo has hired more staff to handle all the new clients at his office he says according to a recent article in the Hawaii Business Magazine.

“In May last year, we had five clients. In April 2011, we had 75 clients,” said DiGeronimo in the article, where he added that 81 percent of the local establishments for sale are represented by his VR location. Among those the clients that came in that month, 15 were buyers.

Having seen the potential that VR has to offer, DiGeronimo became the owner of the three franchise locations in Hawaii in helping entrepreneurs through the process of buying and selling of businesses.

“We had zero buyers a year ago,” DiGeronimo says. “We’ve had to hire three more people to serve clients who are not only looking to buy a business, but sell a business, because they are approaching retirement age, or moving back to the Mainland to care for elderly parents, as well as to just be closer to adult children.”

Hints of falling prices and other trends have added to the confidence in the business sales market in Hawaii. On BizBuySell, for example, the number of businesses listed for sale in the state skyrocketed from 2 in the first quarter of 2010 to 108 in the first quarter of this year.

VR has office locations available in many locations. To see a full list of available VR Franchise locations, please visit the VR Global Headquarters website

For more information about the VR Business Franchise Opportunity please call Toll-Free: 800-377-8722  or 954-565-1555

VR Business Brokers – William Park 2010 Most Valuable Intermediary

 

VR Business Brokers names William Park 2010 VR Most Valuable Intermediary

William Park is the first two-time MVI winner, having previously won the 2008 honor.

Since becoming partner of the VR office in Artesia, California in 1998, William has shared his extraordinary wealth of experience and knowledge with those he comes in contact with.

His leadership, excellence and commitment have helped him and the VR office in Artesia continuously make the Top 10 in the organization.

“I would like to thank VR for this honor of being selected the 2010 MVI,” says William. “It’s a warm recognition in a money-driven industry such as ours. To be successful, you must be disciplined, and your focus should be on setting up meetings with buyers and sellers. A successful day is measured by how many buyers and sellers you spoke to or met.”

William cites a few areas that every VR office can learn and integrate into their practices:

  • Any office can overcome the worst of times when 200+ listings are being maintained such as with the Artesia office.
  • Any office will struggle when the average agent has less than 10 listings. The VR office in Artesia has continued to see most agents’ average 20+ listings.
  • Go after listings that are selling at the time such as food-related businesses.
  • If a new listing is unique to the inventory, get 2-3 similar listings to have a chance at selling one.
  • An associate’s primary focus should be on creating deals, meeting buyers and sellers.
  • An owner’s primary focus should be on breaking down those barriers that distract an agent from their primary focus – “Less paperwork, less computer work, less bureaucracy, more razzle dazzle.”

“It’s not easy to manage as a ‘Sales Leader’ because it’s instinct for owners to worry more about policy managing as an ‘Office Owner.’ Obviously, it would be ideal to strike a good balance, but I prefer the title of ‘Sales Cheerleader.’

William describes being a business intermediary as “something difficult to be great at, but a great thing to be good at.”

We congratulate William Park as the 2010 VR Most Valuable Intermediary.

VR each year celebrates its most successful intermediaries for highest achievements in the business brokerage industry.

To inquire about becoming part of the successful group of VR Business Franchise Owners please contact VR at (800) 377-872.

For more information on opening a new VR Business Brokers Franchise office, please visit Owning your own VR Business Franchise, and also visit VR on Facebook  at VR Business Franchise Facebook Welcome page and VR Franchise Facebook Updates.

VR Business Brokers names Cathryn Vallevieni to VR Hall of Fame 2010

 

VR Business Brokers is proud to honor Cathryn Vallevieni as the 2010 Inductee to the VR Hall fo Fame.

A 30-year veteran in the industry, Cathryn was President of VR Business Brokers when the company operated out of Newport Beach, California from 1991 to 1999 before turning her focus to being a business intermediary in Huntington Beach and then the Passadena offices of VR.

As a VR Business Intermediary, she has won numerous Quarterly and Annual awards for excellence and dedication to her craft, conducting successful transactions of a wide range of business types and sizes.

Her professional interaction with all business brokers in Southern California, resulted in her being asked to be the Regional Chairperson for Orange County by the California Association of Business Brokers.

Ms. Vallevieni is a true ambassador for business buyers and sellers as well as the business brokerage community.

VR congratulates Cathryn for the service she has given this organization and welcome her as the newest inductee into the VR Hall of Fame.

VR celebrates its most successful intermediaries for highest achievements in the business brokerage industry.

To inquire about becoming part of the successful group of VR Business Franchise Owners please contact VR at (800) 377-872.

For information on how to open a VR Business Brokers Franchise office, please visit Owning your own VR Business Franchise, also visit VR on Facebook  at VR Business Franchise Facebook Welcome page and VR Franchise Facebook Updates.

VR Business Brokers Grants New Franchise Location in Calgary, Alberta


FORT LAUDERDALE, FL – VR Business Brokers, the global leader in the sale of privately-held businesses, has agreed on terms to open a new location in Calgary,  Alberta.

Graene and Amber Ramsay have become the owners of what will be the VR office in the area.

Having had successful careers prior to joining, the Ramsays chose VR because of the many benefits it offers its business brokers from the wealth of exclusive resources and comprehensive training provided to the franchisor’s multi-service system in matching buyers’ interests, goals and desires with the right businesses.

Originally from South Africa, Graene started as Forestry Manager with HL+H before becoming General Manger of Oil Support Services for Tuc’s Contracting and later C.E.O. of ACFN Business Group.  Amber had a very successful career in real estate before both of them decided to open a VR office in Calgary.

The Ramsay’s decision to become VR business brokers comes at a time where Calgary’s economic forecast continues to be strong.  According to the Calgary Herald, the local economy will continue to grow at an average rate of 4.1 per cent a year between 2012 and 2015.

VR has many available locations throughout the U.S., Canada and Europe.

For information on how to open a VR Business Brokers Franchise office, please call (800) 377-8722 or visit Owning your own VR Business Franchise, also visit VR on Facebook  at VR Business Franchise Facebook Welcome page and VR Franchise Facebook Updates.


VR Business Brokers Preparing to Enter Omaha Marketplace

FORT LAUDERDALE, FL – VR Business Brokers, leader in selling businesses around the globe for over30 years, has started interviewing qualified candidates to open offices in Omaha, Nebraska. There have been many requests from business owners, corporate executives and transitional professionals have led to decision to enter the marketplace in the area.

Becoming a business broker can give any entrepreneur an incredibly lucrative career through selling privately-owned businesses. VR has been the leader in facilitating the transaction of thousands of businesses worldwide due to their professional skills and resources.

“Through our continued focus on exemplary services and support, VR attracts an outstanding group of franchisees that is growing every year,” says VR C.E.O. Peter King. “Every VR owner has proven career successes combined with an innate entrepreneurial spirit to display an aura of excitement within the marketplace.”

VR Business Brokers is the premier business brokerage company in the world, offering a multi-service approach to matching buyers’ interests, goals and desires with the right businesses. With over a 130 locations across the globe, VR Business Brokers is a company committed to a diversified menu of business advocate services.
For entrepreneurs who are interested in the rewarding field of business sales and mergers & acquisitions, VR has available the best Business Sales Franchise Opportunity which has one of the highest success rates in the industry.

For more information about owning a VR Franchise please contact our Director of Franchise Development at (800) 377-8722 or visit http://www.vrbusinessbrokers.com/franchise/VR-Franchise-Opportunity/VR-Business-Franchise.html or http://vrbusinessfranchise.com/364/how-to-become-business-broker-brokerage-franchise-opportunity/

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VR Business Brokers to Assist in Network Expansion of Expedia® CruiseShipCenters®

FORT LAUDERDALE, FL — VR Business Brokers, a leader in franchise and business placement for aspiring and established business owners, has partnered with Expedia® CruiseShipCenters® in expanding their franchise network across North America through their Franchise Showcase program.

Established in 1987, CruiseShipCenters® has proven to be one of the most powerful economic forces in the world. Through its network of 104 independently owned retail locations and 1,500+ Cruise Sales Consultants in North America, the company has grown at an average rate of 30% each year for the past two decades. In 2007, the company entered into a strategic partnership with Expedia Inc. (the world’s largest travel company) and rebranded to Expedia® CruiseShipCenters®. In addition to numerous travel industry awards, the company has been recognized for its leadership in the franchise community, earning the Canadian Franchise Association’s (CFA) Award of Excellence for the past five consecutive years.

“We’re very excited in this new endeavor we’ve begun with Expedia® CruiseShipCenters®,” said Bob Wolan, Director of Franchise Development. “This is a great opportunity for anyone that’s passionate about getting into a business ownership with a proven-successful brand.”

VR Business Brokers is the premier business brokerage company in the world, offering a multi-service approach to matching buyers’ interests, goals and desires with the right businesses. With over a 130 locations across the globe, VR Business Brokers is a company committed to a diversified menu of business advocate services.

For entrepreneurs who are interested in the rewarding field of business sales and mergers & acquisitions, VR has available the best Business Sales Franchise Opportunity which has one of the highest success rates in the industry.

For more information about owning a VR Franchise please contact our Director of Franchise Development at (800) 377-8722 or visit http://www.vrbusinessbrokers.com/franchise/VR-Franchise-Opportunity/VR-Business-Franchise.html or  http://vrbusinessfranchise.com/364/how-to-become-business-broker-brokerage-franchise-opportunity/

Click the LIKE button to follow VR on Facebook or click Send to a friend:

Click this button to Follow VR on Twitter:
Follow vrbizfranchise on Twitter