Transworld Business Advisors Creates National Business Broker’s Appreciation Day on May 4th
Holiday recognizes business brokers - the matchmakers of the U.S. economy.
May 05, 2022 // Franchising.com // WEST PALM BEACH, FL - Transworld Business Advisors®, part of United Franchise Group™ (UFG) family of affiliated brands and consultants, is a global network of brokers. In recognition of the professionals who play a vital role in protecting the economy’s health, Transworld Business Advisors has created National Business Broker’s Appreciation Day, to be celebrated annually on May 4th.
Company leaders announced the observance to great excitement from brokers attending Transworld Business Advisors’ National Conference in Denver, Colorado, prior to the International Business Broker’s Association Annual Conference.
Andy Cagnetta, CEO of Transworld Business Advisors, said, “We’re thrilled to create this holiday to give business brokers the recognition they deserve. Business brokers are the matchmakers of the economy, bringing buyers and sellers together and ensuring they’re a good fit for each other. They keep the economy moving by helping to keep businesses in the right hands, and we wanted to call attention to their great value.”
Small-business sales are showing steady growth after a drop during the pandemic. According to BizBuySell, which tracks and analyzes small-business data, sales rose by 24 percent in the first quarter of 2022. Analysts say demand for buyers is growing as many Baby Boomer-age owners look to retirement and decide to sell. As a result, the median sale price of a business is now a record $345,000, up 6 percent over the previous year.
Bill Luce, President of Transworld Business Advisors, said, “This day is all about our franchisees. Transworld Business Advisors has experienced tremendous growth because of our hard-working, dedicated network of advisors, and this holiday is just one way we want to show them our appreciation for all they have accomplished.”
National Business Broker’s Appreciation Day is set aside to praise the men and women who help steer clients through this complex transaction, negotiating paperwork and processes and making sure the right buyer is matched with the right business. In addition, the holiday celebrates the hard work of the business broker, who provides the professional services that successfully bring buyers and sellers together and make their business dreams come true.
SOURCE Transworld Business Advisors
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