SB533 Admin Virtual Assistant

Russ and Pat Lee

I wanted to thank not only Joan for helping me find the best business but also her assistant Patrick. They work as a team, and when Joan’s tied up, Patrick always had answers for me. It’s like having two people working to help you find a business. We appreciate it! Thanks for not letting us get into the food business in Santa Cruz. more...

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Listing Information

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Administrative Virtual Assistant Franchisor
Listing ID: SB533	Location: Northern California
Broker:	Joan Young Ph:(408) 436-1900
Brief: High growth opportunity to purchase a one-of-a-kind well-developed franchise system in a demand industry

Listed Price:

Negotiable

Total Sales:

Call

Seller's Discretionary Earnings:

Call

Fixtures Furniture, & Equipment:

Included

Real Estate:

N/A

Inventory:

Included

Financing / Terms:

Seller will negotiate financing for a qualified buyer.

Business Information

Year Established:

2005

Number of Employees:

Days and Hours of Operation:

M-F 8:30a.m.-5:00p.m.

Relocatable:

Yes

Franchise Information:

Acquisition of the entire Franchisor

Facilities / Location:

1,386 sq. ft.

Lease Information

Lease Expiration Date:

December 31, 2010

Option:

1 option to extend for 36 months (1st right of refusal to acquire contiguous space in the building)

Monthly Rent:

$2,910.60 (monthly rent increase of .05/sf each year)

Additional Information

Reason for Selling:

Owner is looking for a buyer who can take the business to higher level.

Business Description:

This is a high-growth opportunity where a new owner will have the opportunity to take over a well-developed franchise system. The Franchisor’s solid sales system, infrastructural support and high quality materials will help establish brand awareness and a highly professional image in the market.

This company is a virtual assisting franchisor that meets the growing demand for reliable and professional administrative outsourcing and is now positioned to grow into a nationwide network of Virtual Assistants (VA) through franchise sales.

The client gives the company an overview of the project they need completed. The company creates a cost-effective project plan that is tailored to fit the client’s specific needs. The franchise team handles the job from start to finish and delivers the client’s completed projects via email or the Internet.

The systems are in place to launch this Virtual Assistant franchise opportunity nationwide. Over time, the company's reputation will lead to recurring and referral business that will expand the franchise brand throughout the United States and Canada. The founder is seeking a buyer who can take the company to the next level and market aggressively to develop a significant portion of the business services market share and become the virtual assisting industry leader. The founder is also willing to continue on with the company after it is sold.

The company is registered in 44 states and is actively in the legal process for the remaining 6 states.

The founder strongly believes that the franchisor’s EBITDA will exceed 50% of the revenues in 2012-2013 and could be sold for 4-6 times EBITDA at that time. The forecasted revenues for 2012 are $6,894,560 with EBITDA of $3,115,848.

For an owner who wants to sell at that time, the multiple for a business this size and in this industry can be from 4-7 times, but most likely a 4-5 times multiple. This would value the business between $12,463,392 and $1,579,240.

Royalties, technology fees, promotional item ordering, affiliate incomes, etc. are additional revenue streams.