VR Business Brokers Franchise | Brokerage for Business Sales

Archive for the ‘Become a VR Business Broker’ Category

VR has sold more businesses in the World than anyone®

You can become a part of the successful VR Business Brokers team.

VR Business Franchises are available in the U.S., Canada, and around the world.
By becoming part of the VR international business brokerage network you will have access to businesses for sale in a wide range of locations.

Through the extensive amount of resources available from VR you will be able to establish a successful business brokerage office by choosing one of the many available locations.

Business Brokers or Business Intermediaries provide a valuable service to both buyers and sellers of businesses of all types and sizes.

Through the extensive training and resources provided by VR, you’ll be trained to perform all the key functions of a successful business sale transaction.

VR will assist you as a new Franchisee in all phases of opening a new brokerage office, from:

• Planning and selecting a viable location
• Marketing of your new VR office
• Building a strong team
• Setting up your new office website
• Building a Customer base
• And all the steps in between to achieve the closing of many profitable transactions.

Take the next step toward a successful and rewarding career with VR.

View our VR Presentation Videos & PDFs  explaning the tools and resources that will be available to you as a VR Franchisee.

For direct questions please call VR at 800-377-8722  or 954-565-1555

You can also go here to fill out a VR Franchise Information Request

VR  is seeking full-time, committed professionals with entrepreneurial drive to join our international  network of business brokerage offices worldwide.

While VR is selective when choosing those to join its network of professional intermediaries, we also provide the best training and resources available to ensure that all our VR Franchise offices are highly successful.

When you join VR and its network of professional intermediaries, you are choosing to team up with the nation’s premier business intermediary firm. You will have made the best decision to exponentially increase your efficiency, expertise and most importantly, your earnings.

Upon joining the VR Team you will have access to our extensive training program plus the resources and tools to ensure your success.

Training - Over 75 courses covering all aspects of gaining clients and closing business sales.

Business Development Plan - Gives you a full working plan and strategy to build and expand your office.  You can see a working demo in the VR Presentation Videos & PDFs.

Your Own Custom Office Website -  You’ll have a website starting with 10 pages for your location which can be expanded to whatever number of pages you like.

Business-for-Sale Website - All of your office engagements have their own business-for-sale website!

Buyer Alert Program – Potential buyers can sign up for the VR Buyer Alert Program, which will send them daily email notification of new businesses for sale that fall within their range of interests.

Proprietary Operating System (MLS) - The BizEx system is VR’s proprietary operating system that links together all VR offices.

VR Marketing Superstore - All the marketing tools and resources including direct mail materials, business cards, letter templates, and a wide range of promotional materials – which you can easily order on-line.

VR Publications – VR has three publications that are focused on three different target audiences to help to reach your market.

Professional Telemarketing Services – VR offers professional telemarketing services to its franchisees through a US-based third-party professional telemarketing company.

Client Relationship Management (CRM) Software

Accounting Software

Many of the features described here are explained in more detail in our VR Presentation Videos & PDFs.

You can call VR directly at 800-377-8722 to ask any questions you may have about beginning or improving your career by becoming a VR Business Broker.

VR in Dallas, Texas franchisee Jon Peters recently facilitated the sale of a commercial debt collection company for $4.4 million.
This was a tremendous deal, considering the challenges that arose with the business where revenues and net income had been declining consistently for the past four years.

“When we first listed this business, the numbers looked somewhat decent with $1,787,000 EBITDA on $4.4 million in revenue,” said Jon. “These numbers were down from the previous two years from $5.4 million in revenue and $2.1 million in EBITDA.”

According to Jon, the owners had felt they had reached the bottom and now were on the rebound to make this business sellable.

“We began marketing and found a very unique buyer that was willing to pay $4 million down and a $1.4 million carry for 5 years,” said Jon. “This was a great deal for the sellers. The buyers had located funding that was based on the business’ ability to create new jobs; therefore, receiving the loan based on this scenario.”

The parties were in the process of negotiating the last items on the purchase agreement when the bottom fell out.

“We received the updated financials for 2010 that had the business pacing at only $3.6 million in revenues and about $1.1 million in EBITDA, down by almost $700,000 in net income,” said Jon. “This immediately stopped the sale and created an almost impossible new challenge for us in selling this business.”

With the original buyers dropping out of the sale, Jon started marketing the business at a new asking price, based on the current numbers. They were able to find an Angel Fund Investor who was looking for a company with a call center that could be grown overseas, and saw this as a perfect fit. After two months of what Jon calls, “late-night phone calls with attorneys on both sides and multiple face-to-face meetings,” they closed on a $4.4 million deal for the seller with $3 million at the time of closing and a five-year payout on the balance in a consulting agreement.

It was a great transaction for the VR Dallas office, where they were able to overcome the challenges that the business faced with the declining numbers. Upon reviewing this deal and others that they have done, Jon says, “I am convinced that almost every business is sellable if you can find that right buyer.”

Owner of the VR in Dallas office, Scot Cockroft has been successful since opening his location. He recognizes the financial and professional goals that can be accomplished as a VR Business Brokers owner facilitating the sale of small, mid-sized businesses with mid-market transactions.

See the video below where Scot Cockroft talks about his experience with owning a VR Franchise:

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 

Article by JoAnn Lombardi, Pres. of VR Business Brokers

All business owners will one day exit their company.  This fact is inevitable.  Therefore the sale or divestiture of the business is one of the most important decisions an owner will ever undertake.

Every step in a business sale demands an extremely specialized effort, and at VR we know that there are no shortcuts to a successful transaction.  Transition to an entrepreneur about to sell a business, means exploring new options in life and making a decision to change.  Owners of businesses view this decision to sell as an opportunity to reap the rewards of years of sacrifice, dedication, and hard work.

Making quick, objective decisions comes naturally to the business owner.  So why is the decision to sell the company so difficult?  Because it’s made by weighing the advantages of moving on against the time and energy that’s been devoted to growing to operation.  The decision to sell a business usually goes far beyond the economics.  It involves defining lifestyle, and redirecting personal energies, resources, and values into the next stage of life.

The VR organization prides itself on recognizing the importance of being a trusted advisor to our clients.  VR intermediaries around the world guide business owners through the transition of divesting their businesses.  Individuals joining VR have made the commitment to a profession that over the next 25 years will aid over ’70 million “Baby Boomers” change from corporate careers to entrepreneurs and from entrepreneurs to retirement.

Hundreds of thousands of businesses change ownership each year, and though the reasons for selling vary, there is one common goal…maximizing the proceeds from the sale.  This is what a VR business intermediary is trained to achieve.

VR defines small business sales as those transactions with a value of less than $2 million.  As you begin your new profession this is the market place that most people gain their experience.  For the past thirty years, twenty percent of the businesses in this value range change ownership ever year.  That’s 1 in 5, in every town, in every city, in every state.  That’s the market and opportunity for successful business intermediaries.

Valued Representation of a business by a VR intermediary is a complex process that is fulfilling emotionally and financially upon successfully completing a transaction.  As a VR intermediary you will be trained in a manner that draws upon years of substantial knowledge, professional experience, and success.

Upon joining VR you will be trained on how to:

• Build an inventory of quality businesses to sell
• Value and price a business
• Formulate different transaction structures to maximize value
• Prepare a VR Business Profile
• Confidentially launch a marketing campaign
• Educate buyers and sellers on the transaction process
• Recast financial statements for the privately-held company
• Facilitate negotiations
• Prepare all necessary documentation
• Navigate successful due diligence

And of course… how to successfully close business sales!

As a professional VR business intermediary you will manage the process of selling businesses with the goal of successful transactions, while the owners continue to manage their businesses.  You will be an invaluable advisor during the process, offering proven valuation and marketing techniques, along with unmatched negotiation skills.

VR offers extensive training to all of the VR Business Franchise owners. Through the VR training specific methods and techniques on every aspect of being a successful business broker are covered in full detail.

For information on how to become a VR Business Broker and open a VR Business 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 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:

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.

Hundreds of articles, primers, books and opinions have been written on “HOW TO BE A SUCCESSFUL BUSINESS BROKER”.

The basic answer is very simple, it requires working hard and working smart!

Yes, we know everyone considers themselves a “hard worker” as it may very well be, but it really takes hard work and plenty of wisdom and street smarts to be on top of the heap in this business.

Success begins with a plan. It’s important to develop a keen business plan from the start to make sure to stay on the right track to success. After all, you are in your own business as an independent contractor, and how many businesses are you aware of that do not have a definitive business plan. Formulate your plan and diligently work your plan by tunneling your efforts with the right tools and resources made available.

Surround yourself in a work atmosphere that provides a good quality work environment like that found in a VR Business Sales office (see link at end of article). All the resources are readily at your fingertips. Each VR office owner has proven career successes combined with a deep rooted entrepreneurial spirit that create an aura of excitement to be around. If you maintain the same deep rooted enthusiasm and creative deal making skills as the owner with whom you affiliate, your own successes will prevail.

Continually develop strong business relationships and prospect every day. Every person you meet will eventually consider selling or buying a business, when they do, it will be you they think about first. Develop centers of influence and referral networks. Focus on your needs and work your plan to accomplish on what you expect to get out of the business. You will only get back what you put in to the business; work a true forty hours per week and make every minute productive in obtaining listings. Good saleable listings must be kept foremost in your mind by establishing solid criteria of what you and your office are willing to work on. Only work on Sole and Exclusive Listings that are priced right.

Know your success ratios and work your ratios every day. These are good management skills that will pay off in the long run. You should know how many prospecting calls you need to make to attain your listing goals as well as how many buyers you need to speak with to get an offer. If fifty per cent of the offers you write do not go into a contract you are doing something wrong and need to start from the beginning analyzing your practices, work-habits, taking responsibility for your practices. Every two contracts should have a conversion ratio of one closing…Pay Day!

All aspects of the industry must be taken seriously and constant education in your field of endeavor by taking courses and attending seminars. Read anything related to the industry and regularly take motivational and self-help courses. Master negotiation skills and fine tune your skillset. Always do the right thing. Don’t procrastinate, there is no perfect situation.

By preparing for every situation prior to the engagement appointment to first time buyer meetings, you will demonstrate a command of presence for which you will always be recognized. Be a peer to your client and customer contacts, explain in one statement why you are the one to work with and what you bring to the table. Thinking outside the “box” will make you a deal maker standing ahead of the pack as you mature in the business.

Continually pay attention to the basics, be responsive and stick to your objective:

Make money

Meet People

Join Organizations

Ask for Referrals

Contact Sellers Regularly

Delegate as Much Computer Work as Possible

Practice Healthy Living by taking time for yourself and family.

Always think positive, think big and think Valued Representation.

VR Business Sales and Mergers & Acquisitions provides the best opportunity for having a successful business brokerage office of your own.

For more details 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/360/vr-business-franchise-opportunity-details/