Transworld Business Advisors discusses festive profit boosts

Transworld Business Advisors franchise
Transworld Business Advisors There are business brokers. And then there are Transworld Business Advisors.

Transworld Business Advisors is the business brokers franchise. Our highly-personalised approach, is based on almost 40 years of business brokerage experience and success.

Request information
Read more

11/12/2018 08:00 | Business & B2B Services

Transworld Business Advisors has been discussing how the seasons can affect how well a business is doing.

Transworld Business Advisors has been advising businesses how to get the most out of the potentially profitable holiday season.

Speaking on the franchises The Deal Board podcast, hosts Andy Cagnetta (CEO) and Jessica Fialkovich (owner of the Rocky Mountain franchise) discussed how the holiday period can have an effect on companies revenue and how businesses can fluctuate according to the seasons.

"The holidays are big business and provide a bump because of the emergence of sales-oriented days such Black Friday and Cyber Monday," explained Fialkovich. "Retailers and small businesses capitalize on this time of the year because it's a prime time for sales, increased revenue and profits."

Cagnetta continued by saying that many businesses acquire new, recurring customers during this period of the year. He shared that one business that Transworld advised acquired around 60 percent of its new customers over Thanksgiving weekend and said that many others can see a 30 to 40 percent increase in sales over the period.

He advised that, when thinking about selling their business, owners need to understand how important seasonality is to their business and to time a takeover just right.

"Business owners need to focus on the critical days that really bring in the most money, and in this case it's the holidays. Seasons do affect businesses, so whether you're buying or selling, it's critical to time a transition just right to maximize profits."

The podcast also discussed a great example of nailing seasonality from the business franchises North Boston office. Aaron Fox, managing broker at the branch, shared the story of a fitness centre that wanted to get ahead of the New Years rush to put itself in front of its competition and so offered membership promotions during Black Friday.

This strategy kept people thinking about memberships leading into January and by doing so captured a new market and revenue stream that accounted for 62 percent of its new membership. Due to the seasonality strategy, an owner or a buyer would know what revenue to expect going into 2019 and what to expect the first quarter of the year."

With more than 500 brokers spanning 200 franchised offices across the globe, Transworld Business Advisors provides advice, help and reassurance to people across the world looking to buy or sell a business.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

The Best Self Storage Franchise Opportunities in the UK

Self-storage facilities are used around the world by people who need extra space [...]


FOCUS ON BUSINESS SECTORS

Choosing a Concept for Your Restaurant

When making the decision to open a restaurant, lots of decisions need to be considered. [...]


FOCUS ON BUSINESS SECTORS

3 Things You Didnt Know About Green Motion Car Rental

Green Motion was established in the UK in 2007 and has earned global recognition [...]


FRANCHISE BUSINESS PROFILES

The DPD Franchise Opportunity

DPD is an international parcel delivery service and the UKs favourite. It delivers [...]


FRANCHISE BUSINESS PROFILES

Who's the CEO of Primark?

From its humble beginnings in 1969 Ireland, Primark or Penneys, as it was originally [...]


SNAPSHOT OF FRANCHISE DIRECTORS

0 Comments

post a comment

The Comment will be public. If your are interested by this Franchise, please fill out your personnal details on the request information form.

Characters remaining: 250