Murphy Business & Financial Corp. Announces 100th Franchisee
Tucson, AZ, November 25, 2008 --(PR.com)-- Murphy Business & Financial Corporation (www.murphybusiness.com) marks a milestone in the business brokerage firm's growth with the signing of the 100th franchisee, a husband and wife team in Glendale/Peoria, Ariz., Lynn and Wendi Miller.
Roger Murphy, president and CEO of Murphy Business, decided in late 2006 - after building a successful business brokerage operation in Florida - to apply his business model nationally by franchising its methodology.
"We are ahead of schedule on our anticipated growth," Murphy says. "Our goal for the next three years is to hit 250 franchises, and then in five years we hope to be between 400 and 500."
Murphy Business' franchise growth in just two years outpaces that of most franchise organizations. According to franchising researcher Frandata, (www.frandata.com) only 22 percent of all the franchise companies in the U.S. have more than 100 franchisees regardless of how long the franchisor has been in operation.
The firm's growth didn't go unnoticed this year as Murphy Business earned a spot as one of Entrepreneur magazine's 50 "Top New Franchises" and Franchise Business Review's "Best in Category" for business services and "One of the Top 50 Franchise Opportunities" in the annual Franchisee Satisfaction Awards.
Murphy attributes the growth to a mix of referrals from existing franchisees, regional developers who are adding franchisees in their markets and an eight-member Advisory Board of Directors comprised of leaders in the business brokerage industry.
Murphy's franchise organization now includes 100 single unit franchisees supported by 21 regional franchisees. These regional franchisees, all with significant previous experience as business brokers, have been hand-picked by Murphy for their ability to motivate, coach and supervise the local franchisees.
Unique to the business brokerage industry, Murphy franchisees have direct access to corporate-level experts in related fields including commercial real estate, mergers & acquisitions, business valuations, machinery & equipment appraisal, machinery and equipment brokerage and business consulting.
The Millers, who worked with Regional Developers Frank and Lisa Scivally to purchase the 100th franchise, were attracted to the good value proposition: the potential for high earnings in a professional service, with no investment required in equipment or support staff.
"We look forward to helping small to mid-sized business owners grow and plan their exit strategies," says Lynn Miller. "And unlike our previous positions in a large corporation where it was hard to see the impact our work had on the bottom line, we can see the results of our efforts paying off quickly."
"As Murphy business brokers we can also help people find their lives after corporate America," adds Wendi Miller. "With a little consultation and assistance, there can be great opportunities for success in business ownership."
The Millers, who earned doctoral degrees in Agricultural Economics from the University of Illinois (Lynn) and Texas A&M (Wendy), both worked as risk management executives and econometricians with American Express for many years prior to becoming Murphy Business franchisees.
For more information regarding Murphy Business and Financial opportunities in Arizona, contact Frank Scivally, Regional Director Southwest Region at 520-722-7711 or email firstname.lastname@example.org.
About Murphy Business & Financial Corporation:
A charter member of the Business Brokers of Florida as well as the Institute of Business Appraisers, Society of Business Analysts, the Institute of Certified Business Counselors and International Business Brokers Association, Murphy Business (www.murphybusiness.com) is one of the largest business brokerage franchises in the U.S. with 100 locations and more than 4,000 transactions on record. Services include business sales, franchise sales, buyer searches, M&A, valuation, business consulting, commercial realty, and machinery and equipment appraisal and brokerage.