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Home >> Business-Related >> Business Brokers
 Yes, we actively support the inclusion and development of minority-owned franchises in the VR Business Brokers system. VR Business Brokers 1 E. Broward Blvd., # 1500 Ft. Lauderdale, FL 33301 |
Submit an online form to receive information from VR Business Brokers.
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Business Description
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
Year Established: 1979
Franchising Since: 1979
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Average Number of Employees: 2 Full-time, 1 Part-time
Space Needs (in square footage): 1,200
Preferred Sites:
Other Sites: OB
Encourage Conversions? Yes
Earnings Claims Provided?: No
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
Year Established: 1979
Franchising Since: 1979
| Operating Units: | |||||||||||||||||||||||||||||||||||||||||||
Franchised Units: | 150 | 100% | | ||||||||||||||||||||||||||||||||||||||||
| Company-Owned Units: | 0 | 0% | |||||||||||||||||||||||||||||||||||||||||
Total Operating Units: | 150 | 100.0% | |||||||||||||||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. California | 14 |
| 2. Florida | 16 |
| 3. Texas | 4 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $250K |
| Cash Investment: | $52-100K |
| Total Investment: | $75-150K |
| Average Total Investment: | $113K |
| Fees: | |
| Initial Franchise Fee: | $26.5K |
| Average Franchise Fee: | $26K |
| On-Going Royalty: | 6% |
| Average Royalty: | 6% |
| Advertising Fee: | $150/Mo. |
Space Needs (in square footage): 1,200
Preferred Sites:
Other Sites: OB
Encourage Conversions? Yes
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 4 | ||||||||
| General Business Experience: | 4 | ||||||||
| Specific Industry Experience: | 1 | ||||||||
| Formal Education: | 2 | ||||||||
| Psychological Profile: | 3 | ||||||||
| Personal Interview(s): | 3 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 10 Year(s) | ||||||||
| Term of Renewal Period: | 10 Year(s) | ||||||||
| Passive Ownership: | Allowed | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | No | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | Yes | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, Member | ||||||||
| Size of Corporate Staff: | 12 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | Yes, Direct | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | Yes | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Included in Fees | ||||||||
| Central Purchasing: | Included in Fees | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Dallas, TX | 3 Weeks | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from VR Business Brokers. |
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