updated 10/26/2010 9:45:21 PM ET 2010-10-27T01:45:21

WEST PALM BEACH, Fla., Oct. 26, 2010 (GLOBE NEWSWIRE) -- United Franchise Group, (UFG) an industry leader in the development of successful franchise systems with over 1400 franchisees in 50 countries, and Transworld Business Brokers, one of the nation's largest business brokerage companies handling business sales and mergers and acquisitions, have forged a joint venture to market a new business brokerage franchise system called Transworld Business Advisors. The announcement of the new partnership was made Tuesday, Oct. 26 at UFG's headquarters in West Palm Beach, Florida.

UFG had operated its own business brokerage franchise brand called FRANCHISEMART/Biz1Brokers that will be merged into the new entity. Transworld Business Advisors will now become the new franchise system, consisting of over 100 brokers and franchisees across North America.

"We had always wanted to franchise our company, and were attracted to the model that United Franchise Group had established for its other operations," said Andrew Cagnetta, CEO of Transworld Business Brokers who will also lead Transworld Business Advisors. "The leadership at United Franchise Group is not only outstanding, but also has the foresight to translate that success into new avenues."

"We are extremely excited about the opportunities this joint venture presents for our current and prospective franchisees," said UFG Founder & CEO Ray Titus. "This Joint Venture combines two successful business operations into one powerful force in the business brokerage and franchise consulting industry. After 25 years of developing industry-leading franchises, we recognize a good business opportunity when we see one, and Transworld Business Advisors is just that."

Transworld Business Advisors is essentially three complementary businesses rolled into one: business brokerage, franchise consulting, and franchise development. The brokerage side successfully puts buyers and sellers of businesses together; the franchise consulting side gives entrepreneurs access to more than 200 pre-screened franchise, and the franchise development service assists people in growing their businesses through franchising. 

Transworld Business Brokers is a worldwide leader in the buying and selling of businesses. It is the go-to firm for anyone looking to buy or market a business for sale. The company has created a winning formula for success through its service-oriented philosophy, dynamic people, cutting-edge technology platform, unique marketing concepts and robust listings. Cagnetta, a past chairman of the International Business Brokers Association, is recognized as a thought-leader in the business brokerage industry and active in the community by supporting several important charities and other causes. The company itself has received a number of industry awards for its many years of success.

Those who are awarded a franchise of the new Transworld Business Advisors will learn how to: list and prepare a business for sale, advise on possible market value, confidentially market and package a business and identify and qualify potential buyers.

"What we're offering through Transworld Business Advisors is a chance for someone to own their own business and achieve their dream, while maintaining a great quality of life," said Cagnetta. To existing brokers, Transworld Business Advisors offers a unique opportunity to benefit from a proven system and ongoing support."

For those interested in acquiring a Transworld Business Advisors franchise, email franchise@tworld.com or call 888-816-6749.

About Transworld Business Brokers:

Based in Fort Lauderdale, Florida for over 30 years, Transworld Business Brokers is the world leader in the marketing and sales of businesses. Whether representing an acquisition-minded corporation, or someone interested in owning their own company, Transworld offers the professional services that successfully bring buyers and sellers together. From business brokerage to mergers and acquisitions, Transworld Business Brokers are the business sale specialists. Transworld Business Brokers is the largest independently owned Business Broker firm in the United States with 10 Florida offices and over 75 brokers. For more information log on to www.tworld.com .

About United Franchise Group:

The United Franchise Group consists of a number of award-winning business-to-business brands and franchise development services including some of the world's largest industry-leading names. The experts at UFG have used their over 30 years of franchising experience to grow the franchising giant into a $500 million dollar success story with approx. 1400 franchise locations in 50 countries. The company includes franchise industry giants SIGNARAMA, the world's largest sign franchise; EmbroidMe, the world's largest embroidery franchise; Billboard Connection, an outdoor advertising company; and Plan Ahead Events, a home-based corporate event planning franchise. The company is also a partner in TransWorld Business Advisors, which franchises a business brokerage and consulting business. For more information log on to www.unitedfranchisegroup.com .

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