Business Description

International network of business brokers and intermediaries, specializing in the sale of small to mid-size companies. Extensive training, support and marketing materials make it possible to become a full-time professional in our industry. VR has sold more businesses in North America than anyone ®. Of the 11 million businesses in America, 20% change hands every year for you to sell. Since 1979, VR has sold free enterprise. Now it's your turn.

Franchisor Background

Year Established:  1979

Franchising Since:  1979

Operating Units:
Franchised Units:	113	100%
Company-Owned Units:	0	0%
Total Operating Units:	113	100.0%
Geographic Distribution: U.S.: 101 89.4% In 37 States Canada: 0 0% In 0 Canadian Provinces International: 12 10.6% In 0 Foreign Countries   Total: 113 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	14
2. Florida	16
3. Texas	4

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$250K
Cash Investment:	$65-100K
Total Investment:	$65-100K
Average Total Investment:	$82K
Fees:
Initial Franchise Fee:	$26.5K
Average Franchise Fee:	$26K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	$150/Mo.

Average Number of Employees: 2 Full-time, 1 Part-time

Space Needs (in square footage): 1,200

Preferred Sites:

Other Sites: OB

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	1
Formal Education:	2
Psychological Profile:	3
Personal Interview(s):	3
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	No
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	12
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	Yes
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Dallas, TX	3 Weeks
Expansion Plans
Projected New Units Over Next 12 months:	25
U.S.:	Yes, All United States
Canada:	Yes, All Canada
Overseas:	Yes, All Countries