Transworld Business Advisors Franchise Cost, Revenue & Review 2026
- Investment
- $114K – $144K
- Disclosed sales
- $751K
- gross sales, not profit
- SBA charge-off
- Limited · 20 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Transworld Business Advisors is a business-brokerage franchise that helps people buy and sell small and mid-size businesses and franchises. Franchisees run an advisory office valuing businesses, sourcing buyers and sellers, and earning commissions on completed deals.
FranchiseVerdict summary · 2026
A Transworld Business Advisors franchise requires a total initial investment of $114K – $144K, including a $70K franchise fee and an ongoing 10.0% royalty[2]. Per the 2026 FDD, average revenue per franchisee was $751K. This franchisor reports Item 19 per franchisee rather than per outlet, so the figure is not comparable with per-outlet averages[2]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 8 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $114K – $144K
- 69th pct Real Estate
- Avg gross sales
- $751K
- Per franchisee, not per outlet
- Royalty
- 10.0%
- 63rd pct Real Estate
- Units
- 467
- 81st pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $114K – $144K including a $70K franchise fee, 10.0% ongoing royalty.
- RETURNSAverage revenue per franchisee of $751K/year (median $302K). Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
- RISKVerdict A (Strongest tier), verdict score 95/100 (higher is better).
- GROWTHPositive: net +12 franchised outlets in the latest year (30 opened, 0 closed); 8 signed but not yet open (Item 20).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Transworld Business Advisors, LLC
- Parent company
- UFG Synergies, LLC
- FDD Item 1, page 9 of the 2026 FDD
- Ultimate parent
- United Franchise Group
- FDD Item 1, page 10 of the 2026 FDD
- Predecessor
- FranchiseMart, LLC and Biz1Brokers, Inc.
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Ray Titus
- Incorporated in
- Florida
- HQ
- 2121 Vista Parkway, West Palm Beach, FL 33411
- Auditor
- Milbery & Kesselman, CPAs, LLC
- Audited financials
- Franchisor revenue
- $12.4M
- vs $9.6M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Same owner · FDD Item 1, page 10
8 other brands on this site name United Franchise Group as parent or ultimate parent in their own FDD.
- Black Optix TintB
- Cannoli Kitchen PizzaD
- Exit FactorB
- Graze CrazeB
- Intelligent AssistantC
- Office EvolutionB
- SignaramaC
- The Great Greek Mediterranean GrillB
Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Ray Titus
- Headquarters
- FL
- Founded
- 2010
- FDD year
- 2026
- States available
- 50
Can you afford it, and what does the money buy?
Entry cost is about typical for a real estate franchise (near the category median).
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $70K | $70K |
| Working capital (3–6 mo) | $7K | $18K |
| Equipment, build-out, other | $38K | $56K |
| Total initial investment | $114K | $144K |
Source: Transworld Business Advisors 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $114K – $144K
- Bottom third — review vs category
- Liquid capital req'd
- $7K – $18K
- Top 40% of category vs category
- Franchise fee
- $70K – $70K
- Bottom third — review vs category
- Royalty
- 10.0%
- Set by a formula · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 11.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 10.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $230 |
| Training fee | $595 |
| Transfer fee | $40K |
| Renewal fee | $6K |
| Total fee load | 11.0% of rev |
What do units actually make?
Average unit sales run 96% above the real estate norm.
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
Source: FDD 2026 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Transworld Business Advisors until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$141K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Transworld Business Advisors unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $751K
- Per franchisee, per year — not per outlet
- Median gross sales
- $302K
- Per franchisee, not per outlet
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- historical average Gross Revenues by tercile, with franchisee-only and combined (with affiliate) tables
- Sample size
- 108 franchisees
- vs category median 53 · large
- Range (low → high)
- $6K→$16.7MCited, not corroborated — printed on page 42 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $73K→$1.9M
- Bottom 25% → top 25%, per franchisee
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 0 / 10 · above
Compared against 101 Real Estate brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
The average franchisee generates $751K/year in gross sales. Median is $302K — top performers pull the average up, so a typical unit earns less.
Fee burden
Total ongoing fee load of 11.0% — above the Real Estate median of 7.5%.
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 5.9% CAGR over 3 years across 467 units — operators are staying and new ones are joining.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Real Estate medians
How Transworld Business Advisors Compares
Per franchisee, not per outlet - the category median is per-outlet only, so no comparison is shown
Category median of published Real Estate brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 467
- Opened
- 30
- Last reporting year
- Closed
- 0
- Terminated
- 18
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 3.9%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (3-yr)
- +5.9%
- Net unit change over 3 years
- 3-yr CAGR
- +5.9%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 18
- Not renewed
- 0
- Transferred
- 20
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 8
- 0.02 per open outlet · Item 20 Table 5
- Projected new
- 8
- Franchisor's next-year forecast
- Transfer rate
- 4.3%
- Owners selling to other franchisees
- Continuity rate
- 96.3%
- Units that stayed open
- Termination rate
- 3.8%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 46 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Where the owners are · Item 20 owner list
168 current owners across 46 states; 22 former (terminated, transferred or not renewed) listed separately.
- CA 19
- NY 13
- NJ 9
- PA 9
- MI 8
- GA 7
- IL 7
- NC 7
- OH 7
- MA 5
- TN 5
- TX 5
- +34 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 20
- Loan volume
- $4.2M
- Median loan
- $87K
- 50th percentile
- Charge-off rate
- Limited · 20 loans
- Limited SBA coverage: 20 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 20 loans
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 13
- Defaults
- 0
- Typical loan rate
- 7.6%
- avg rate to borrowers
- Franchised industry avg
- 12.7%
- n=195 loans
- Jobs supported
- 61
- 1.7 per loan
- Lender concentration
- 18%
- top lender's share
Borrower mix: 53% went to startups / new businesses, 47% to established operators
Franchise vs independent — in all other professional, scientific, and technica, franchised businesses charge off at 12.7% vs 13.1% for independents — franchising is associated with 3% lower SBA default risk in this category.
Top lenders financing Transworld Business Advisors franchisees
Showing 3 of 13 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Transworld Business Advisors from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 72%
- Avg interest rate
- 7.63%
- Lender concentration
- 17.6%
- Job velocity
- 1.7 per $100K
- Startup risk premium
- 0.0pp
- NAICS benchmark
- 0.0%
- NAICS 541990
- Jobs supported
- 61
Top SBA lendersTop lender holds 18% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 3 | $330K | 0.0% |
| 2 | United Midwest Savings Bank National Association | 2 | $225K | 0.0% |
| 3 | JPMorgan Chase Bank, National Association | 2 | $1.5M | N/A |
| 4 | FirstBank | 1 | $75K | 0.0% |
| 5 | Newtek Small Business Finance, Inc. | 1 | $25K | 0.0% |
| 6 | Gesa CU | 1 | $50K | N/A |
| 7 | Dogwood State Bank | 1 | $405K | 0.0% |
| 8 | Manufacturers and Traders Trust Company | 1 | $195K | 0.0% |
| 9 | Frost Bank | 1 | $225K | 0.0% |
| 10 | CDC Small Business Finance Corp. | 1 | $67K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| COColorado | 4 | 0 | 0.0% |
| MIMichigan | 2 | 0 | -- |
| ARArkansas | 1 | 0 | 0.0% |
| CACalifornia | 1 | 0 | -- |
| GAGeorgia | 1 | 0 | -- |
| MDMaryland | 1 | 0 | 0.0% |
| NCNorth Carolina | 1 | 0 | 0.0% |
| NENebraska | 1 | 0 | -- |
| NYNew York | 1 | 0 | -- |
| OROregon | 1 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Franchisor is clean on its own operations: 0 litigation, no bankruptcy, positive net worth $635,727, net income $401,003, audited financials, Item 19 disclosed, 467 units growing 5.9%. The only concern is a history of FTC/state consent orders (1998 FTC injunction, 2021/2022 CA orders) involving affiliated brands Signarama and Great Greek.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
FTC v. Minuteman Press International, Inc. and Speedy Sign-A-Rama, USA, Inc. (CV 93-2496) filed June 4, 1993 in Eastern District of New York regarding false earnings representations and disclosure violations. Injunction filed December 18, 1998. Signarama consent order with Maryland Securities Commissioner in January 1996.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Milbery & Kesselman, CPAs, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 95 / 100 verdict
- 01MINORAffiliate regulatory history: FTC injunction 1998, MD 1996, CA 2021/2022 consent orders for affiliates
- 02MINOROtherwise clean: 0 litigation, positive net worth $635,727, net income $401,003, audited, Item 19 present, 467 units +5.9%
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 11.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 35 years |
|---|---|
| Renewal term | 35 years |
| Allowed renewalsℹ | 1 |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory sizeℹ | Designated Marketing Area with 8,000+ registered businesses |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 3 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 15 days |
| Termination groundsℹ | 12 |
| Mandatory arbitration | Yes |
| Arbitration location | Palm Beach County, Florida |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 4 |
View Item 3 litigation summary
FTC v. Minuteman Press International, Inc. and Speedy Sign-A-Rama, USA, Inc. (CV 93-2496) filed June 4, 1993 in Eastern District of New York regarding false earnings representations and disclosure violations. Injunction filed December 18, 1998. Signarama consent order with Maryland Securities Commissioner in January 1996.
Items 10, 11
Training & Operations
- Classroom training
- 67 hrs
- On-the-job training
- 30 hrs
- Training location
- West Palm Beach, Florida and franchisee location
- Ongoing training
- Required
- Field support
- 32 hrs/yr
- On-site visits per year
- Franchisor financing
- Not offered
- Item 10
- POS system
- Sydney 3.0
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Sydney 3.0
Item 20 · call current owners
Franchisee Contacts
190 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Transworld Business Advisors franchise?
The total investment to open a Transworld Business Advisors franchise ranges from $114K – $144K, with an initial franchise fee of $70K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Transworld Business Advisors franchise owners earn?
According to Item 19 of the Transworld Business Advisors FDD, the average gross sales per unit is $751K. The median is $302K. Important context: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Transworld Business Advisors?
Transworld Business Advisors is franchised by Transworld Business Advisors, LLC. Its parent company is UFG Synergies, LLC. The ultimate parent named in the FDD is United Franchise Group. Source: FDD Item 1, 2026 filing.
What is Item 19 in the Transworld Business Advisors FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Transworld Business Advisors FDD and qualifies whose outlets they describe.
What is Transworld Business Advisors's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Transworld Business Advisors (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Transworld Business Advisors franchise locations are there?
As of their most recent FDD filing, Transworld Business Advisors has 467 total units in the United States, including 466 franchised units and 1 company-owned units. 30 new units were opened in the latest reporting year.
Is Transworld Business Advisors a good franchise to buy?
FranchiseVerdict rates Transworld Business Advisors as a A-grade franchise with a verdict score of 95 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.