Murphy Business & Financial Services Offers Franchise Consultation; Purchased Accounting Franchise
CLEARWATER, Fla. – (April 17, 2006) – Murphy Business & Financial Services has added two new services for clients buying or selling businesses: a consulting practice that advises clients on purchasing franchises, and CFOToday, an accounting, tax and payroll service. The additions further Murphy’s initiative to grow the company horizontally by adding interrelated products and services to benefit its customers.
“Most business brokerage firms are small independent operations,” said Roger Murphy, president and CEO of Murphy Business. “I’ve developed Murphy as a one-stop shop to handle all of our customers’ needs during the buying and selling process.”
Because more than 20 percent of business-buying prospects choose franchising each year, Murphy’s franchise consultation provides guidance to entrepreneurs who are interested in owning their own business, but do not want to purchase an existing business on their own. This service makes Murphy the only brokerage firm in Florida trained to qualify and profile prospects, matching them to appropriate franchisors.
“Franchises have the highest success rates and lowest failure rates of any business in North America,” Murphy said. “You receive ongoing support for the life of the franchise, support that includes marketing, training and management guaranteed by the agreement with the franchisor.”
Murphy currently represents approximately 100 new franchises, of which about two dozen are master franchises.
Murphy’s accounting practice, CFOToday, is designed to be managed by accountants and handles payroll, taxes and accounting for small businesses. It uses bank statements to create detailed and understandable reports that are divided by category of spending.
“One of the biggest hurdles when selling a business is getting the financials in order,” said Murphy. “The CFOToday System will help our clients properly organize their financial records as they sell their businesses.” Clearwater, Fla., Murphy Business & Financial Services, Inc. (www.murphybusiness.com ) is the largest business brokerage firm in the United States with 30 offices and 60 agents. Murphy sells approximately 350 businesses each year and has completed more than 3,000 transactions in Florida. Services include business sales, M&A, valuation, business consulting, commercial realty, accounting and franchise consulting. A charter member of the Business Brokers of Florida as well as a member of the Business Brokers Network and International Business Brokers Association, Murphy Business offers clients access to the largest business brokerage network in the world.
CONTACT: Jeannie Magri
RFB Communications Group
813.259.0345
jmagri@rfbcommunications.com
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