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WEST PALM BEACH, FL, September 10, 2019 /24-7PressRelease/ -- Transworld Business Advisors was recently named No. 1 in the business brokerage industry by IBISWorld -- the world's largest independent publisher of industry research reports.
IBISWorld's analysis identified Transworld as "the premier franchise in the business brokers industry." Transworld currently holds a 5.9 percent market share in the industry. Its closest competitor has only 2.8 percent.
"It's an honor to be recognized by IBISWorld in their annual report," said Bill Luce, President of Transworld Business Advisors. "As the world's leading business brokerage franchise, we've expanded into 235 territories worldwide. We've also grown our global network to 16 countries and expanded into Alaska. We're projecting major growth in 2019 and beyond."
The brands' growth is no surprise as the industry as a whole has seen exponential growth over the last five years. According to the IBISWorld report, industry revenue is forecast to increase at an annualized rate of .5 percent to $1.1 billion. The increase in revenue will be largely due to the sale of small businesses from the aging population.
"We owe our success to our team of professionals that guide businessmen and businesswomen to make the best decision possible, and the unwavering commitment to the Transworld Business model" added Luce.
A brand of the United Franchise Group, Transworld represents more listings, territories, brokers, and agents than any business brokerage in the world. This year, the brand has celebrated several milestones including its 40th Anniversary, and the opening of its 200th franchise location. The company also has been ranked in Entrepreneur Magazine's the Franchise 500 list and "Top 100 Franchises to Own Under $100,000."
For more information about Transworld Business Advisors, visit www.tworldfranchise.com.
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.
About United Franchise Group
Led by Founder and CEO Ray Titus, United Franchise Group is home to a variety of brands including Signarama, Fully Promoted, Experimax, Jon Smith Subs, Venture X, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, Network Lead Exchange and The Great Greek Mediterranean Grill. With more than three decades in the franchising industry and 1,600 locations in 80 countries worldwide, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs. For more information about United Franchise Group, visit www.unitedfranchisegroup.com.
Founded in 1971 by noted businessman and futurist Phil Ruthven, IBISWorld provides meticulously researched business information and market research on thousands of industries worldwide. IBISWorld employs teams of dedicated expert analysts in the US, UK and Australia who scour economic, demographic and market data, while adding analytical insight that helps organizations of all types make better business decisions.
IBISWorld's suite of market intelligence reports will keep you abreast of thousands of industries around the globe. Our Industry Market Research provides you with a better understanding of predicted market conditions, paints a clearer picture of supply and source industries and allows you to easily monitor competitor activity in your industry. IBISWorld's succinct yet comprehensive reports will keep you informed.
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