Across this country, millions of people are living the American dream of owning their own business, being their own boss, and achieving generational financial security.
For Vicki Wallace, her goal is to help make those dreams come true. Her business, Transworld Business Advisors, specializes in brokering the buying and selling of privately owned businesses in North Texas.
“The best part is that we get to help people start a new chapter of their life” Vicki says. Those new chapters have included management executives crossing the bridge from the security of a large corporate employer to acquiring companies of their own.
There have been deals that allowed the sellers the freedom to move across the country and be closer to their children, grandchildren, or to finally marry their high school sweetheart. “One business we sold was owned by a Russian couple who had given up everything they had for a chance to come to the U.S. They learned to speak English and spent over 35 years building a business. They had never dreamed that they would own their own home, their own car, or their own business. There was so much joy and pride in their smiles as they handed the keys to the new owners; knowing the business they built could live on for another 35 years.”
Vicki’s professional career has included everything from managing communications for the Governor of Texas to being president of one of the nation’s largest mortgage lending companies. In addition to her larger, corporate mergers & acquisitions experience, she has bought and sold businesses of her own. The recent sale of her family-owned fence wire & steel business made headline news.
As part of the 40-year-old Transworld global franchise, Vicki’s clients benefit from a network of 600 business brokers in 200 offices across the U.S. as well as locations in nine other countries. “I like to say we have a local presence with a global reach”. That global reach translates into more buyers and more competition which helps get the company’s clients top dollar for their businesses. Her team of business advisors includes many who have started and sold businesses of their own; making them uniquely qualified to understand and develop successful exit strategies for other business owners.
Ever wonder what your business is worth? Transworld provides free business valuations and they work on a contingency fee basis which means the client doesn’t pay anything unless the business sells. Vicki says selling a business can be complicated and distracting. “We handle the process from beginning to end and we make confidentiality a top priority to protect employees, customers, and vendor relationships. The most important thing is that we really care about preserving our client’s business legacy.”