NMFI selects VR Business Sales as one of 50 Top Franchises for Minorities
USA TODAY Documents Rise in Minority Business Ownership
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OAKLAND, CA (November 10, 2010) - The National Minority Franchising Initiative (NMFI) named VR Business Sales / Mergers & Acquisitions as one of their "50 Top Franchises for Minorities." The results were featured in the November 5th issue of USA TODAY in the Franchising Today section. A copy of the article with the list can be found here.
"We are extremely pleased to see that, in ten, short years, minority representation has increased remarkably in the franchising industry," said NMFI Founder Rob Bond.
"Whereas minorities may have accounted for only 5 - 6% of total franchisees in 2000, the consensus is that today they account for well in excess of 15%. This is quite a remarkable testament not only to the industry reaching out to minorities, but to the underlying values and entrepreneurial talents that minorities contribute."
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The Correct Plan
Implementing an Effective Advertising Campaign
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 With any business, when you start advertising, you need to have a clear plan with thought-out objectives. Whether you design your campaign to communicate product and service benefits or support an event, you must identify what the specific task is.
Click Here to Read the Full Article.
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Easing the Load Off Your Shoulders
Benefits of Using a P.E.O. for Your Business
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 As a business owner, there are a variety of responsibilities that you must attend to on a daily basis - i.e. meetings with clients, payroll taxes, replacing employees, etc.Remember that you are only one person, and that there are resources out there that can assist you, while spending much of the time going through paperwork and other responsibilities that you need to address as a business owner.
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Running the Right Line
Keeping Good Ethics with Your Business
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 Over the last 20 years, business ethics has become both a hot button subject as well as something people have wanted to avoid discussing as much as possible.
There's one side that believes strongly in exploring the moral principles by which businesses can be evaluated in relation to their impact on people and their environment.
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Franchisor of the Month
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The Franchise Showcase is designed to support individual franchises and existing small business owners by making franchise ownership more affordable.
 Locallife has invested over 10 million dollars in an Internet-based technology platform and web-based management system. This provides their franchisees with an exclusive territory in which to sell online advertising, custom websites and outbound marketing tools to small and medium-sized businesses within their local community. Each of their 2,110 local internet directories throughout the US represent a single franchise territory; and, on average, list 6,500 businesses that consumers have access to online. The 6,500+ businesses are also their franchisees' lead list for which to sell Locallife products and services.
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THE VR BLOGGER
Investigate Your Financing Options When Buying a Business
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Raising capital is one of the most important requirements when you buy a business. You will be required to prepare a well-thought-out business plan. This is vital not only for when you are using capital to buy a business but also for budgeting initial operating expenses. Additionally, a business plan will help creditors to determine the maximum amount and terms of financing that will be made available to you.
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Highlighted Transactions
And New Engagements
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SUCCESSFUL TRANSACTIONS
Niche Distribution Business
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VR Mergers & Acquisitions of Wichita, Kansas, a leader in the sale of privately-held companies, recently facilitated the strategic sale of a niche distribution business.
The transaction, which closed this month, was handled by David Gordon, a business intermediary specialist.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries.
VR has sold more businesses in the world than anyone®.
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SUCCESSFUL TRANSACTIONS
Vending & Distribtuion Company
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VR Mergers & Acquisitions, located in New Haven, Connecticut, the leading business intermediary firm in the area, has recently facilitated the strategic sale of a vending and distribution company.
David Mininberg, a VR Intermediary, represented the seller throughout the transaction that was completed in October 2010.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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NEW ENGAGEMENTS
Tourism-Related Software & Marketing Company
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VR Mergers & Acquisitions located in Honolulu, Hawaii, announced today it has been engaged by a tourism-related software and marketing company to assist in facilitating the sale of their business.
This company is one of the leading software developers and service companies to the tourist industry in the state of Hawaii. The Company has a strong management team and enjoys exceptional supplier and customer relationships. Go to VR Web Site for further details. VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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NEW ENGAGEMENTS
Established Quick Print Shop
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VR Business Sales in Birimingham, Alabama, specializing in the sales and acquisitions of small and mid-sized businesses, has announced that the company has been retained to facilitate the sale of an estalbished automotive quick print shop.
Established for at least 25 years, this Quick Print and Copy business has superior frontage on a very busy street in a Birmingham suburb convenient to other businesses and major thoroughfares. Click here for further details and contact information.
Celebrating over 30 years as the world's only network of full-time professional intermediaries, VR addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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Now is a Great Time to Become Part of VR!
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 With baby boomers selling their businesses to retire, corporate executives frustrated with their jobs and managers looking to buy a business to replace their corporate position, NOW is a great time to become part of VR!
VR Office
Istanbul, Turkey
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VR Global Headquarters
One East Broward Boulevard
Suite 1500
Fort Lauderdale, FL 33301
Phone (954) 565-1555; Fax (954) 565-6855
http://www.vrbb.com
Copyright © VR 2009-2010
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Ask a VR Intermediary?
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Scot Cockroft
Owner, VR in Dallas, Texas
How Do I Perform Due Diligence Correctly?
Adriana Hofman,
Santa Monica, CA
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Dear Adriana,
When you perform due diligence on a business that you're looking to buy, it doesn't end when you shake the seller's hand. You have to verify all the assets included in the sale of the business. A VR Business Intermediary will assist you in the entire process of buying a business, specifically, in the area of due diligence.
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