Norfolk Virginia Business Brokerage Franchise For Sale

Business description

VR Business Brokers is celebrating over 30 years of successful business sales with more than 70,000 completed transactions. VR has sold more business in the World than anyone©. Join the international network leader of business brokerage offices with over 130 locations worldwide. Offices are dedicated to assisting owners in the acquisition and divestiture of small to mid-size businesses as well as assisting buyers, investors and entrepreneurs in the purchasing of ongoing businesses. As a Franchisor, VR was the recipient of three very prestigious awards: Top 50 Franchisor for Veterans, Top 50 Franchisor for minorities and Top 50 franchisor for Hispanics. There are no geographic limitations to where you can open your VR Business Franchise provide a business opportunity with the most advanced training program in the industry. VR offers complete marketing and fulfillment programs, including ongoing FREE continuing education, with over 75 courses. With minimum start-up cost, top notch training, no inventory, flexible hours and a very high potential, VR is a proven winner, make the right choice, take control of your future today and join the industry leader!!!

Property information

Location:

Norfolk serves as the commercial and cultural center for the region of Hampton Roads. As a strategic location at the mouth of the Chesapeake Bay, its protected deep-water channels serve as a major trade artery for the import and export of goods from across the Mid-Atlantic, Mid-West and internationally. In addition to commercial activities, Hampton Roads is a major military center, particularly for the United States Navy, and Norfolk serves as the home for the most important of these regional installations, Naval Station Norfolk, the world's largest naval station. The region also plays an important role in defense contracting, with particular emphasis in the shipbuilding and ship repair businesses for the city of Norfolk. After the military, the second largest and most important industry for Hampton Roads and Norfolk based on economic impact are the region's cargo ports. Most major shipping lines have a permanent presence in the region with some combination of sales, distribution and/or logistical offices, many of which are located in Norfolk. In addition, many of the largest international shipping companies have chosen Norfolk as their North American headquarters. These companies are either located at the Norfolk World Trade Center building or have constructed buildings in the Lake Wright Executive Center office park. Though Virginia Beach and Williamsburg have traditionally been the centers of tourism for the region, the rebirth of downtown Norfolk and the construction of a cruise ship pier at the foot of Nauticus in downtown have driven tourism to become an increasingly important part of the city's economy. Unlike most cruise ship terminals which are located in industrial areas, the downtown location of Norfolk's terminal has received favorable reviews from both tourists and the cruise lines that enjoy its proximity to the city's hotels, restaurants, shopping and cultural amenities.

Premises details:

VR owners are expected to operate from a professional office space with plenty of meeting spaces included in the layout of the facilities, and with lots of room to grow!

Business Operation

Expansion potential:

Economist Robert Avery from Cornell University estimates that $10 trillion of assets and over 12 million privately-held companies will be transferred as Baby Boomers start to retire. Other estimates predict that 10,000 Baby Boomers will sell their businesses to fund retirement. Others will exit their corporate positions and acquire a business to supplement their retirement income and to build additional income and equity.

Competition / Market:

Over 52% of the United States GDP is from privately-held businesses and these businesses employ over 50% of the domestic workforce. Privately-held business drives the U.S. economy and the same holds true around the world as privately-held enterprises are the economic engine of most countries. U.S. business demographics: 97.3% of U.S. businesses are under $10 million in sales; 98% of U.S. businesses have less than 100 employees; 20% of the privately-held businesses change hands every year. VR is the ONLY full-time professional business intermediary firm!

Reasons for selling:

Domestic franchise development and global expansion.

Employees:

2-5

Years established:

32

Franchise terms

Franchise opportunity:

Yes

To be disclosed.

Other information

Support & training:

Franchisor provides an extensive training program that includes 2 weeks of at-home study, 1 week of corporate training, online MBI academy and on-going mentoring to assure that all of our franchisees are financially successful. VR offers complete marketing and fulfillment programs, including ongoing FREE continuing education, with over 75 courses.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Balance can be self-financed. Franchise SBA-approved!

Business closed / Asset sale:

Yes

Relocatable:

This business can be relocated.