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Benchmark International Successfully Facilitated the Transaction Between Worldwide Technologies, LLC and Quad Capital Partners

The seller, Worldwide Technologies, LLC (WWT), was founded in 2006 by Mike Jones and Kenny Whitworth out of a small facility in Franklin, KY. Under Mike and Kenny’s leadership, WWT expanded operations through continued investment in people, cutting-edge new technologies, and an unwavering commitment to customer satisfaction.

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Benchmark International Successfully Facilitated the Transaction Between Z Consulting, LLC and The Bridge

Benchmark International is pleased to announce the transaction between Z Consulting, LLC and The Bridge.

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Benchmark International Successfully Facilitated the Transaction Between TMCADD Consulting & Services, LLC and NV5 Global, Inc.

Benchmark International is pleased to announce the acquisition of TMCADD Consulting & Services, LLC dba myBIMteam by NV5 Global, Inc. (Nasdaq: NVEE).

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Benchmark International Successfully Facilitated the Transaction Between Fredericksburg Machine & Steel, LLC and SRF, LLC

Benchmark International has successfully facilitated the transaction between Fredericksburg, VA-based Fredericksburg Machine & Steel, LLC dba Viking Steel Fabricators and Norfolk, VA-based SRF, LLC dba Chesapeake Bay Steel, Inc.

Founded in 1950, Viking Steel Fabricators has built a solid reputation for specializing in the fabrication and installation of structural and miscellaneous steel, ornamental iron, and custom stairs and handrails. Alongside these core services, the company also sells steel and miscellaneous metals, offering a wide range of products to meet diverse client needs. In addition to their fabrication and installation services, Viking Steel Fabricators is dedicated to historic preservation, providing expert restoration and repair services to maintain and enhance historical structures. Their comprehensive service offerings make them a trusted partner for both modern and historical steel projects.

Don’t just sell your company. Make your mark, with Benchmark International.

“Viking Steel President Christopher “Luke” Breivik and his team have built a great business with strong customer relationships in the private, public, and government sectors,” commented Benchmark Transaction Director Sean Fechtmann. “The quality of their work speaks for itself, with approximately 80% of customers being repeat customers and more than 70 years in operation.”

Chesapeake Bay Steel specializes in steel fabrication and erection. They have serviced the Tidewater area since 1962, but their reputation has grown through their decades of experience in the steel industry alongside being a family-owned and operated business. They specialize in framing, joist, decking, stairs, railings, and metal fabrication projects. The addition of Viking Steel Fabricators to their portfolio further enhances their strategic growth plans by broadening their existing service offerings. Viking Steel’s leadership team will remain intact to assist in the company’s future growth.

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Benchmark International Successfully Facilitated the Transaction Between DBox, Inc. and CBS Property Management Inc.

Benchmark International is pleased to announce the successful sale of DBox, Inc. to CBS Property Management Inc.

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Benchmark International Successfully Facilitated the Transaction Between Computer Systems Integrators, Inc. and Acture Solutions

Benchmark International has successfully facilitated a transaction between Fishkill, NY-based Computer Systems Integrators, Inc. (“CSI”) and Albany, NY-based Acture Solutions (“Acture”). CSI is a trusted hybrid information technology (IT) services partner primarily for K-12 schools, providing IT solutions, security, and support for schools’ IT networks.  

“CSI President Bob Knapp and his team built a great business in a reliable market niche with a strong customer set and high recurring revenues,” commented Benchmark Senior Transaction Director William Sullivan. “IT businesses like this are really a pleasure to bring to market because there is such a large, disaggregated buyer community, which drives a fairly clear path to partnership options for our clients. Ultimately, Acture Solutions proved to be the perfect fit among a very attractive field of highly motivated buyers. The Acture team was fantastic throughout the process, and we’re very pleased to have helped find CSI such a great partner.”

You know your business. And we know how to sell it.

Founded in 1991, Computer Systems Integrators is a hybrid provider of multiple IT products and services (including integration / value-adding reselling relationships with Nimble and VMWare) and a variety of security and maintenance services. The company is additionally an authorized partner of Cisco, Microsoft, and Barracuda.

Acture Solutions provides clients with managed IT services, cybersecurity, cloud solutions, and IT projects, including networking, physical security, classroom collaboration, and Hardware as a Service (HaaS). The company serves multiple industries, including K-12 school districts, higher education, healthcare, legal, financial services, and small to medium-sized businesses.

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Benchmark International Successfully Facilitated the Transaction Between Talent Framework, LLC and Savard Labor and Marine Personnel

Benchmark International is pleased to announce the transaction between Talent Framework, LLC and Savard Labor and Marine Personnel.

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Benchmark International Successfully Facilitated the Transaction Between 3:13 Sales Group, LLC and Gladhaven Capital

The seller, 3:13 Sales Group, LLC, specializes in providing outsourced business-to-business sales and account management solutions to companies in the Consumer-Packaged Goods (CPG) industry.  With over 20 years of experience, they know what it takes to be a strategic, transparent partner – doing what’s right for you and your customers.

“I wanted to personally thank you (Matthew Kekelis) and the entire Benchmark team for all of your assistance in brokering the sale of 3:13 Sales Group to Gladhaven Capital. I couldn’t have been more impressed with the professionalism, follow-through, and patience you and your staff showed me throughout the entire process.  In particular, I’d like to commend Morgan Patterson for the countless emails, calls, and meetings it took to get this across the goal line.

As you know, this was not an easy decision for me.  We started this business 12 years ago, and I am proud of what has been built. I also wanted to find a buyer that would be the perfect fit to take this company to the next level and treat the associates, clients, and vendors with the same care and attention they’ve received for so many years. I believe Gladhaven Capital will do just that.

I highly recommend Benchmark International to anyone looking to sell their business. You will not be disappointed. Thank you again for everything!” – Steve Fidlin, Owner, 3:13 Sales Group

You gave it all for your business. Get all you deserve.

The Buyer, Gladhaven Capital, was founded by Jamie Gallagher with the mission to acquire and operate one business for the long term. Jamie has a broad professional background with 20+ years of experience across general management, B2C (CPG) and B2B marketing, corporate strategy, sales, and management consulting.

“We couldn’t be more thrilled to have found the perfect match for our client, 3:13 Sales Group.  There is no doubt that Jamie with Gladhaven Capital will build upon the success that Steve and his team have accomplished throughout the years.  Best of luck to all.” – Matthew Kekelis, Senior Director, Benchmark International.

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Benchmark International Successfully Facilitated the Transaction Between D.R. Price Engineering & Land Surveying, Inc and Boos Resource & Technology Group

Benchmark International has successfully facilitated a transaction between Honaker, VA-based D.R. Price Engineering & Land Surveying, Inc. (“D.R. Price”) and Naperville, IL-based Boos Resource & Technology Group (“Boos”). D.R. Price is a multi-discipline engineering and surveying firm that provides a broad spectrum of structural engineering, civil engineering, mining engineering, land planning, land surveying, and construction surveying services.

“D.R. Price President Richard Bostic grew a fantastic niche business serving the coal mining and other industries in Southwest Virginia and its environs,” commented Benchmark Senior Transaction Director William Sullivan. “The company adds a key piece to the Boos regional growth strategy and will contribute greatly to the acquirer’s capabilities and reach in the region. This transaction was a great fit from both an integration and a cultural standpoint, and we are proud to have supported our client throughout this process to a successful conclusion.”

Your perfect buyer is out there. Find them today.

Founded in 1988, D.R. Price serves residential, commercial, and government customers throughout Virginia, West Virginia, and Kentucky. The company uses the latest industry technologies to perform its services, including GPS surveying, drone technology, electronic data collection, and AutoCAD mapping. D.R. Price has grown significantly in recent years, largely due to increasing customer referrals, a steady flow of new customers, and expanded project scopes.

Boos Resource and Technology Group is an environmental and energy-focused solutions provider that delivers timely and cost-effective construction management, infrastructure, natural gas, and industrial services to clients across the United States and beyond.

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Benchmark International Successfully Facilitated the Transaction Between Micro-Precision Technologies, Inc. and Great River Capital Partners

Benchmark International has successfully facilitated the transaction between Salem, NH-based Micro-Precision Technologies, Inc. (“MPT”) and Boston, MA-based Great River Capital Partners (“Great River”). MPT designs and manufactures high-performance microelectronics for harsh environments and high-reliability applications. The company’s offerings primarily include thick-film ceramic substrates, hybrid micro-electronic manufacturing, and obsolete semiconductor manufacturing.

“The Benchmark International team understood early that MPT is a highly differentiated asset, given its Defense Logistics Agency standards certification and highly valuable niche manufacturing capabilities,” commented Benchmark Senior Transaction Director William Sullivan. “This opportunity garnered immediate interest from very high-quality buyers, as we knew it would. Ultimately, Great River proved to be the perfect fit, with its narrow focus on mid-sized industrial technology companies, highly competent team, and HQ and management sitting close to MPT’s home base. To extend the metaphor, we think this will be a home run for both teams, and we were proud to be a part of it.”

Your perfect buyer is out there. Find them today.

MPT serves the defense, industrial controls, commercial aviation, semiconductor capital equipment (semi-cap), communications equipment, and space & biological industries across the US and internationally. Founded in 2012 by Mr. Adrian Pyke, the company is one of only 30 worldwide certified by the Defense Logistics Agency (DLA) to the MIL-PRF-38534 quality standard.

Great River Capital Partners is a private equity investment firm with a narrow focus on acquiring mid-sized industrial technology and services companies. Leveraging 30 years of collective investing experience, the firm partners with business owners to create long-term value through organic growth initiatives and strategic add-on acquisitions.

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Benchmark International Successfully Facilitated the Transaction Between GEOGRAPH Technologies, LLC and Abingdon Software Group

Benchmark International has successfully facilitated a transaction between Easley, South Carolina-based GEOGRAPH Technologies, LLC (“GEOGRAPH”) and London, UK-based Abingdon Software Group (“Abingdon”).GEOGRAPH provides geographic information system (GIS) services utilizing a software extension for clients to manage fiber optic, copper, and coax networks.

“The Benchmark International's team understood GEOGRAPH’s high degree of differentiation from the very start, particularly around the company’s CrescentLink Esri extension and the connectivity this proprietary solution drives with the company’s impressive customer list,” commented Benchmark Senior Transaction Director William Sullivan. “GEOGRAPH faced no shortage of eager potential partners in this process, receiving strong interest immediately from a range of both strategic and capital partners. Ultimately, Abingdon’s differentiation was largely a function of cultural fit and a strong alignment of vision. All parties were a pleasure to work with, and we are excited about the opportunities that this combination will afford both the GEOGRAPH and Abingdon teams moving forward.”

Don’t just sell your company. Make your mark, with Benchmark International.

Founded in 2018, GEOGRAPH serves over 150 customers and more than 1,000 users in the United States and in three international geographies. In addition to its CrescentLink technology, the company offers professional and support services, which include training and support, data migration, network planning and design, remote GIS management, and GIS consulting.

Abingdon Software Group acquires and develops a mission-critical platform designed for industries undergoing rapid digital transformation. The company’s portfolio offers applications for agriculture, shipping, healthcare, logistics, local authority, resorts, industry, and construction segments, enabling businesses to succeed in essential operations.

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Benchmark International Shortlisted for Three Prestigious M&A Awards

Benchmark International is pleased to announce it has been shortlisted for three awards, two at the Insider Dealmaker Awards and one at the Mergermarket M&A Awards 2023. The winners will be announced on the 12th October and 28th November respectively.

The categories in which Benchmark International has been nominated in are below:

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What Could Go Wrong?

The majority of sellers within the lower middle market only go through the sale process once in their lifetimes. Sellers often hire an M&A expert to help guide them through the sale process and advocate on their behalf. While M&A experts have a wealth of experience, they do not have a crystal ball.

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What Type Of Research Might A Buyer Conduct On My Business?

Before completing a deal, buyers may conduct a variety of different research on a seller’s business to better understand its complexities of it prior to due diligence. This research is an important step to ensuring that due diligence is carried out. Business research occurs in a variety of different ways.

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Current M&A Outlook Into 2023

In 2021 and early 2022, we saw record-breaking levels of M&A activity in the United States and around the world, and many business owners are wondering how long this cycle
will last.

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Don't Miss Our Deep Dive Into Strategic Buyers

One of our Managing Partners at Benchmark International drafted an exclusive publication detailing many of the attributes that are unique to strategic buyers and how those attributes can impact   business owners in the sale of their business. 

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What Is The Denominator Effect?

When it comes to selling your business, and you are considering waiting or pausing, there are several factors to consider, such as market conditions and interest rates. But there is also something called the denominator effect.  

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­­Benchmark International Is Pleased To Announce The Transaction Of Chustz Surveying, L.L.C. And GIS Engineering

Benchmark International is pleased to announce the transaction between Chustz Surveying, a Louisiana-Based Surveying Company, and GIS Engineering, a professional service firm across five locations in Louisiana.

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Why Competition Matters

How will running a competitive bid process help me?

The lower middle market remains very active, and we anticipate that this trend will continue for the foreseeable future. If you are a business owner, you have probably received unsolicited interest and perhaps even offers for your business. There is a lot of money chasing few deals, so buyers are looking to find off-market deals to build their pipeline and purchase a business below market value to boost their investors’ returns. Having additional buyers at the table tends only to benefit the seller.

When a buyer uncovers an off-market deal, they are often in a better position to buy the business at a discounted price than what they would pay in a formal auction or open bid process. Buyers seek acquisitions to help solve a problem or hit an ROI benchmark. If the buyer can purchase a business below market, then the buyer ends up winning both in the current transaction and future transactions. The business owner is the one who tends to have seller’s remorse. Our team commonly speaks with buyers who will not participate in auction processes because they do not want to pay top dollar, and those buyers know that they are not willing to do what it takes to win the bid.

If you have ever watched an episode of Shark Tank when all the sharks are bidding on an opportunity, you have seen how a competitive bid process can benefit the company pitching to the sharks. When Lori Greiner, Barbara Coroan, Robert Herjavec, Daymond John, Kevin O'Leary, or Mark Cuban share an interest in an opportunity, it often piques the interest of another shark who wants to jump in and try to win the bid. Sometimes, the sharks even go into the deal together. This process also happens for deals within the lower middle market. When two buyers go into a deal together, they are called co-investments. In this case, two can be better than one. However, you will not know if co-investments are an option until you go to market and run a process.

When a seller receives an offer from an unsolicited party, the offer only reflects one party’s view of the value of the business. Businesses are comprised of both tangible and intangible assets. That is, the value of the business lies not only in its tangible assets like machines and inventory but, perhaps more importantly, in the quality of its people, process, customer base, and intellectual property. Acquirers buy businesses for many reasons, including for geographic expansion, product line development, talent acquisition, and competitive advantages, to name a few. Why is a business worth 5x to one buyer but 7x to another? A business's real value is the opportunities an acquirer has post-closing. Ultimately, the only way to know if the offer in hand is a representation of the market or even the best option for the business owner is to explore multiple views of the value of the business.

Ready to explore your exit and growth options?

If you move forward with the one offer available, what will you do if the deal falls apart during due diligence? Due diligence can be a time-consuming and overwhelming process. If you go through the due diligence process and the deal is unsuccessful, what? You will not have a second or third option. The sale process can be very emotional. Often, when a deal closing is not successful, a firm that ran a bid process will typically have a handful of bidders that they are able to re-engage to work toward a successful closing. The deal team can utilize the initial data request and due diligence process to make the workload lighter the second time around. An experienced M&A deal team will be able to craft a strategy to target active buyers from previous efforts and bring them back to the table. However, if you only have one option, you must start over from the beginning. By the time you start over, you are at risk of missing the market, which might cost you tens of millions of dollars.

The other great aspect of running a bid process is that you have leverage during due diligence. Typically, when a letter of intent is signed, the negotiation power shifts from the seller to the buyer. If you have other suitors waiting in the background, an experienced M&A deal team can use that competitive tension to help a seller secure the best deal on the market and keep the buyer in check. The buyer who ultimately wins a formal auction process knows that there were other suitors competing for the bid.

It is crucial for any seller considering a sale to hire a capable sell-side M&A firm to take them to market. A dedicated sell-side team virtually assures you that you will have multiple suitors and bids. You will be able to see several different views on the value of your business and be able to determine the optimal deal structure. The process will allow you to explore other partnerships and understand what competitive advantage various firms can bring to the table. If you compare the company sale process to dating, it is good to know what other suitors offer so you can pick the best one for you! Having an experienced M&A team take you to market to uncover your best options will give you the peace of mind that you have the information you need to make the best decision for you and your business.

  Author
  Kendall Stafford
  Managing Partner
  Benchmark International

  T: +1 512 347 2000
  E: STAFFORD@BENCHMARKINTL.COM

 

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2022 Global Digital Advertising Industry Report

The digital advertising sector is also often referred to as online marketing, Internet advertising, and web advertising. The market includes revenues gained by advertising activities conducted by organizations targeting consumers via Internet-enabled mobile devices and personal computers.

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Big Data & Cloud Storage Security Industry Report

Global Big Data Security Market

The global big data security market was valued at $24 billion in 2021 and is projected to reach $115 billion by 2030. That is a compound annual growth rate (CAGR) of 19% over the forecast period of 2022 to 2030. North America led the global market and is expected to grow at a CAGR of 17.5%.

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The Green Economy Update And Outlook

The global green industry is forecast to grow at a significant rate between 2022 and 2026. Over the past decade, the green economy’s market capitalization grew from $2 trillion in 2009 to more than $7 trillion in 2021. It also nearly doubled its share of the global investable market from 4% to more than 7%. Last year, the market grew at a steady rate and is expected to continue to do so with the growing adoption of strategies by key players.

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2022 Global Business Analytics Industry Report

The global business analytics market was valued at $76.5 billion in 2021 and is forecast to reach $122.5 billion by 2027, growing at a compound annual growth rate (CAGR) of 8.1%.

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2022 Industrial Robotics Industry Report

Industrial robotics is now critical across many sectors for the automation and manufacturing of many tasks, including loading, packaging, labeling, and inspection. They are commonly used in the automobile and heavy engineering sectors and are becoming more common in many other sectors. In the past, robots were mostly only used in the automotive and manufacturing industries, but more sectors are adopting them today. These sectors include defense, healthcare, aerospace, food & beverage, education, and electronics. There is also an increase in demand for telesurgery and elder care, as well as bomb dispersal, monitoring, and mine detection. There are currently around 2.7 million industrial robots in use worldwide, a number that is quickly rising. 

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2022 Global Space Industry Report

In 2021, the global space market was valued at $388.50 billion and is expected to reach $540.75 billion by 2026. The sector has expanded by an impressive 70% between 2010 and 2020. The space economy is expected to grow at a compound annual growth rate (CAGR) of 6.84% between 2022 and 2026. Analysts also predict that the space industry will reach $1 trillion in annual revenue by the year 2040, with launch costs lowered by 95%. As the cost of accessing space falls, opportunities for expansion and innovation will increase. The fastest growth is predicted to stem from new space applications and industries.

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The Surge Of Cryptocurrency M&A

Deal activity continues to heat up in the cryptocurrency space as the adoption of crypto becomes more mainstream. Last year was a huge year for cryptocurrencies. In 2021, the price of bitcoin was up 49%, Ether was up 390%, and Dogecoin was up a whopping 1,600%. The M&A market for cryptocurrency soared by nearly 5,000% last year. But this is nothing compared to the activity for M&A of crypto companies.

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Types of Financial Buyers

There are two types of buyers: strategic buyers and financial buyers. Commercial lenders, family offices, private equity funds, mezzanine funds, independent investors, and other capital providers are all financial buyers. Strategic buyers include everything else. It can be beneficial to entertain both financial and strategic buyers when you are selling your business. Still, it is important to understand how financial buyers think and what you’re dealing with as you work through conversations and negotiations.

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Why Does Ebitda Get Adjusted?

In the world of small to mid-market mergers and acquisitions, a number that is very important is a company’s adjusted EBITDA. The adjusted EBITDA is meant to find a company’s true normalized earnings by taking away any outside influences or ownership influences on the company’s bottom line. Some companies do not have to make many adjustments in order to find adjusted EBITDA, while some companies may need many adjustments to arrive at adjusted EBITDA.

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Family Business Succession Planning And Success Rates

A family business is technically defined as an organization that is owned and operated by at least two members of the same family. Family businesses actually account for around two-thirds of all companies worldwide, and 90% of companies in the U.S. The largest 500 family-owned companies generate annual revenues of $6.5 trillion. Global research has also demonstrated that well-run family companies are more profitable and stay in business longer than other companies, even with the many challenges they face. 

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Major Investment And M&A In The Metaverse

What Is the Metaverse?

The metaverse is an immersive digital online environment that links social and commercial activities through technologies such as virtual reality and augmented reality to create 3D virtual spaces that mimic reality. Its use is quite broad and can be applied to gaming, work meetings, e-commerce, socializing, or entertainment. The term “metaverse,” which was first introduced in the 1992 novel Snow Crash, is today considered a way to truly redefine the Internet. It is a concept that is still being shaped, but the vision is rapidly evolving. There is not necessarily one single defined metaverse, as various companies are working to shape the idea in their own ways. For example, blockchain tech such as cryptocurrency and non-fungible tokens (NFTs) are being used to support digital transactions in the metaverse. Video game makers are shifting their online worlds to resemble social networks with a market opportunity to expand to include live entertainment such as concerts and sporting events. With this transformation comes a battle for the share of social media ad revenue. And as the metaverse continues to evolve, it continues to represent a huge business opportunity.

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Aerospace And Defense Sector M&A Update

The financial health of the aerospace and defense (A&D) industry has rebounded significantly from the negative economic COVID-19 impacts of 2020, poising the sector for a strong M&A market in 2022. The earnings of commercial aerospace firms have recovered, and original equipment manufacturers (OEMs) have announced a series of production rate increases for the years 2023 to 2025, raising the likelihood of supply chain acquisition activity in 2022. Additionally, the defense budgets of both the United States and Europe have remained stable, leading to high demand for defense products and services despite some production offsets due to supply chain challenges. 

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2022 Sector Report: Esports Valued At Over A Billion Dollars

eSports is a form of video-game-based competition that has seen significant revenue and viewership growth in recent years. Much of the revenue is coming from advertising dollars from brands, such as ads shown during live streams on online platforms, video-on-demand content of matches, or on eSports TV. And competitive gaming is becoming more mainstream than ever. 

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Eight Truths about The Current Market for Selling Your Business

For more than ten years, business owners have enjoyed a sellers’ market in the lower and middle markets. But the tide is turning. Here’s the headline: Multiples are not trending downward, buyers are slower, more cautious, and cockier, and deals are taking longer. 

 

The best analogy is that we have been on a roller coaster, and we no longer hear the clicking sound as we go up, but we’ve also not started to feel anything in our stomachs. It’s almost as if we are paused, and we feel certain that we know what is coming next. Buyers feel as if they’ve been bullied for the last decade by aspirational sellers and their agents. They have pent-up resentment. Some of it is starting to show. 

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M&A Trends In The Lower And Middle Markets

In the first quarter of 2022, global middle-market M&A activity maintained the momentum that we saw in 2021. Last year, lower and middle-market companies played major roles in deal-making activity. Companies of all sizes enjoyed significant buyer interest in sectors ranging from tech, transportation, healthcare, manufacturing, and logistics.

 A notable imbalance in supply and demand in the lower and middle markets has been driving up the valuations of healthy companies in hot sectors. This trend is expected to continue through 2022 for strong companies in the lower and middle markets, especially in sectors such as healthcare, cybersecurity, cloud computing, artificial intelligence, and niche manufacturing.

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2022 Digital Healthcare Industry Report

The global overall healthcare industry value is projected to reach $665.37 billion by 2028. Focusing on the global digital healthcare segment of the market, it was valued at $145.57 billion in 2021, and it is expected to reach $430.52 billion by 2028, growing at a compound annual growth rate (CAGR) of 16.9%.
 
The COVID-19 pandemic led to significant shifts in the healthcare sector, as there was an urgent need to adapt and embrace new ways of operating. Many of these changes ushered in the latest in digital healthcare technology and are here to stay. The digital health segment applies software, hardware, and other tech services to the healthcare sector. The space is comprised of categories such as: 
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2022 Marketing Consulting, Branding & PR Industry Report

The Global Marketing Consulting Market

The global marketing consulting market is expected to grow by $3.83 billion between 2022 and 2026, increasing at a compound annual growth rate (CAGR) of 4.75%.

Market growth is being driven by various factors, including continued education, the rising need for improved customer digital experiences, and the providing of custom-made solutions.

Because the global marketing consulting market is rather fragmented, we are seeing vendors trying to remain competitive by deploying growth strategies such as forming strategic partnerships. Over the next four years, 35% of the global market’s growth will originate from North America. 

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10 Inspirational Graphics About Retirement

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The Pros & Cons Of Buying An Established Franchise

The franchise business model can offer a great way to own your own business without the risks that are proven to come with start-ups. But owning an existing franchise can undoubtedly come with its share of challenges. So before jumping into a franchise ownership, be sure to consider all the good and bad that you could face before deciding if it’s the right opportunity for you. 
 
The Pros 
 
An existing franchise comes with a history that you can use to assess its financial data to know whether it is a good business. In addition, you can see all the books to make your determination of possible future performance. 
 
It can be easier to obtain financing for a business with an existing history of financial performance because lenders have something concrete to go by and, therefore, more confidence. 
 
You get to skip the time-consuming start-up phases of owning a business, such as creating a business plan, creating a product, doing market research and testing, and figuring out how to scale. With a franchise, this work has already been done for you. Next, you have to make sure it succeeds. 
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Growing Opportunities In Remote And Cloud-based Businesses Post-covid

Digital tools have been advancing in business operations for years, but today they have become essential for most companies, especially since the onset of the COVID-19 pandemic. The global crisis forced businesses to find ways to connect their employees to each other and their customers without being in person. This storyline became so prevalent that, in the first year of the pandemic, 60% of businesses moved their workforces to the cloud. Two years later, this number continues to increase.

Such demand for rapid digitalization has become a key driver of M&A deals, and continues to create more opportunities for growth and transactions. As a result, many organizations are also adopting tools to facilitate the M&A process on more digital terms. These tools include data and analytics during due diligence, platforms that support fast-moving transactions, and cloud-based services. You can take a deeper dive into the facets of post-COVID due diligence here.

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2022 Real Estate Industry Report

The COVID-19 pandemic impacted nearly every industry in some way, but real estate underwent its own very unique transformation. Many office buildings have sat empty and seem almost obsolete while most workplaces shifted to work-from-home models, and many plan to stay that way or create hybrid workforce plans. Throw in the global supply chain issues, labor shortages, and inflation, and there are certainly economic risks for the sector. But the economy has steadily been recovering while the most serious times of the pandemic appear to be subsiding. 
 
GDP in the United States has fully bounced back from the 2020 pandemic-induced recession. This is good news for the real estate sector’s recovery. Coupled with low interest rates, strong economic growth will be very encouraging for commercial real estate. GDP is expected to grow by a strong 4.6% in 2022. 
 
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