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Updated RecentlyOffice Evolution vs Transworld Business Advisors Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Office Evolution vs Transworld Business Advisors including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $60,825 - $1,485,150 | $74,855 - $97,185 |
| Franchise Fee | $45,000 | $49,500 |
| Royalty Fee | 7.5% | 8% |
| Advertising Fee | 3% | $150/mo. |
| Year Founded | 2003 | 2010 |
| Year Franchised | 2013 | 2010 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours | Transworld Business Advisors will provide complete training and support on all indispensable services needed to buy or sell a business, including: *Listing a business for sale *Providing business valuations *Identifying and qualifying buyers *Marketing a business *Arranging financing *Managing due diligence *Coordinating closing *Guiding buyers and sellers through the entire sales process You receive the training and support that incorporate proven techniques so that you can achieve success fast. You have access to a network of business owners who have been through the exact same experience. Networking and support from other owners is a priceless resource in business ownership. On-The-Job Training: 33 hours Classroom Training: 70 hours |
| Support | Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | Yes |
Company Overviews
About Office Evolution
Exciting Growth Opportunities Ahead for Business Services
Founded in 2003, Office Evolution has always approached private office space and virtual office space
markets from a unique, entrepreneurial perspective. Our determination
to offer sole proprietors and small businesses real business solutions
has turned the idea of expensive executive offices and impersonal virtual office and co-working spaces
on its head. Our efforts have resulted in a growing number of business
centers located in key metro areas throughout the United States.
More and more people are seeking self-employment as an alternative to a possibly fickle and often frustrating corporate reality. Self-employment rates have been growing at an average of 4.5 percent annually most of this decade, adding roughly 1 million people per year, and across the country, enrollment in entrepreneurship programs at universities is booming, according to a recent Entreprenuer.com article by Jason Daley. With the advent of mobile computing and cloud technology, the opportunities for entrepreneurs are exploding. They no longer need an office, staff and equipment to get started in business and the cost of entry can be very low.
The best strategy is to stay flexible, keep things simple and focus on their business: a virtual office could be the perfect solution!
The total investment necessary to begin operation of an Office Evolution
franchised business is between $286,825 and $1,485,150. This includes
$63,324 to $65,150 that must be paid to the franchisor or its
affiliate(s).
The total investment necessary to begin operation of an Office Evolution acquisition business is between $133,325 and $990,150.
This includes $63,325 to $65,150 that must be paid to the franchisor or
its affiliate(s).
The total investment necessary to begin operation of
an Office Evolution conversion business is between $60,825 and $590,150.
This includes $18,325 to $590,150 that must be paid to the franchisor
or its affiliate(s).
#267 in Franchise 500 for 2020.
About Transworld Business Advisors
Transworld Business Advisors began in 2007 by Transworld Business Brokers and United Franchise Group
Transworld Business Advisors is basically three integral organizations moved into one: business financier, establishment counseling, and establishment advancement. The financier side effectively puts purchasers and dealers of organizations together; the establishment counseling side gives business visionaries access to more than 200 pre-screened establishment, and the establishment advancement benefit helps individuals in developing their organizations through diversifying.
Transworld Business Advisors has more than 25 years business financier and establishment encounter, and has helped a great many individuals in the buy and offer of organizations. Full preparing and support, no experience is fundamental.
Master License Opportunities Globally
We also award very unique MASTER LICENSE opportunities for targeted countries/regions to qualified individuals and companies.
A master license grants the owner the exclusive development privileges for the brand and generates a very positive cash flow stream from the selling of franchises and collecting royalties.
Veteran Incentives 10% off franchise fee
#119 in Franchise 500 for 2020.