VR Business Brokers/Mergers & Acquisitions
Yes, we actively support the inclusion and development of minority-owned franchises in the VR Business Brokers/Mergers & Acquisitions system.
VR Business Brokers/Mergers & Acquisitions
1 E. Broward Blvd., # 1500
Ft. Lauderdale, FL 33301
800#: (800) 377-8722
Tel: (954) 565-1555
Fax: (954) 565-6855
E-mail: jlombardi@vrbusinessbrokers.com
Web Site: www.vrbusinessbrokers.com
Contact: Ms. JoAnn Lombardi, President
International network of business brokers and intermediaries, specializing in the sale of small to mid-size companies. Extensive training, support and marketing materials make it possible to become a full-time professional in our industry. VR has sold more businesses in North America than anyone ®. Of the 11 million businesses in America, 20% change hands every year for you to sell. Since 1979, VR has sold free enterprise. Now it's your turn.
Franchisor Background
Established: 1979
First Franchise: 1979
Franchise Units: 103
Company-Owned Units: 0
Total Units: 103
Distribution:
> North America -- Operations in 37 States
> States/Provinces with Greatest Density: 16 in FL, 14 in CA, 7 in TX
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American: 5
>Native American:
>Other:
Average Number of Employees: 2 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,200 SF; OB
(for abbreviations click here)
Financial Requirements
Cash Investment: $65-100K
Total Investment: $65-100K
Average Total Investment: $85K
Minimum Net Worth: $250K
Fees
>Franchise: $26.5K
>Average Franchise Fee: $26K
>Royalty: 6%
>Advertising: $150/Mo.
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:No
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/No
Size Of Corporate Staff: 12
On-Going Support: A,B,C,D,E,G,H,I (for an explanation click here)
Training: 3 Weeks.
Specific Minority Program(s) in Place: SBA financing. Corporate financing for minorities.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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