London, England - 12 October, 2004 -

Sunbelt Business Advisors UK/IRE Plc http://www.sunbeltnetwork.com/uk , the world’s largest business brokerage company has announced an expansion in the UK. The company has opened its new UK headquarters in Covent Garden and plans to franchise more than 50 offices in the UK and Ireland over the next 36 months. In addition, the company has announced the opening of its first franchise in London. The Westminster franchise started operations on Monday with a staff of four. Commenting on the expansion, Stuart Montgomery (Managing Director, Sunbelt Business Advisors UK/IRE) said, “The market in the UK is ripe for the types of services that Sunbelt offers around the world. We believe that the coming generational asset shift that will come with the retirement of the baby boomer generation will offer unprecedented opportunities for our franchisees.” Sunbelt, which was founded in 1979 and has hundreds of offices worldwide, has been named the #1 Business broker by Entrepreneur magazine. About Sunbelt Business Advisors Sunbelt Business Advisors began operation in 1979 in Charleston, South Carolina, USA and has now grown to hundreds of offices worldwide, including Covent Garden, London. Every year since 1995, Sunbelt has been honoured as the highest ranking business brokerage franchise in world in the Annual Entrepreneur Magazine "Franchise 500" and is now ranked 74th highest franchise worldwide. Sunbelt is a member of the International Franchise Association and has an application pending for the British Franchise Association. There are 4 million privately owned businesses in the UK & Ireland, and approximately 20% of these are for sale at any one time due to reasons such as owner retirement, relocation, poor health, burnout or divorce. Sunbelt is the leader in the relatively new profession that lists and sells these businesses for a fee. When a business owner decides to sell, concerns about price, negotiations and confidentiality are paramount. The use of a professional Sunbelt Business Advisor eliminates those concerns for the seller and enables the owner to market the business to the widest possible audience in a professional and confidential manner. By the end of 2003 Sunbelt had sold over 5,250 businesses with an aggregate value of over 1.5 billion and employed over 1,300 business brokers.

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