- 2024 Franchise 500 Rank
-
#494 Ranked #360 last year
- Initial investment
-
$70K - $98K
- Units as of 2024
-
95 115.9% over 3 years
First Choice Business Brokers was founded in 1994 in Las Vegas, Nevada. First Choice Business Brokers helps small to medium-sized business clients sell or buy a company. Brokers and agents work to give clients an extraordinarily professional and efficient experience when working with First Choice Business Brokers.
Since beginning to franchise in 2005, First Choice Business Brokers has opened over 40 franchises throughout the United States.
Why You May Want to Start a First Choice Business Brokers Franchise
First Choice Business Brokers strives to keep its business practices in good standing with the Institute of Business Appraisers and International Business Brokers Association. Today, the company has grown to hundreds of agents and brokers across the United States. Corporate headquarters for First Choice Business Brokers are located in Las Vegas, Nevada.
Clients are offered many services, including buying or selling a company, a business valuation, merger, acquisition, and general advice. Clients are treated with respect, and franchisees are a part of a national network of First Choice Business Brokers.
Potential franchisees with First Choice Business Brokers should showcase the characteristics of integrity, professionalism, company commitment, passion, open-mindedness, and increased communication abilities. They should also possess a team player attitude, coupled with the ability to balance work, family, and leisure time. If these characteristics sound like you, you may be a good fit for the First Choice Business Brokers franchise family.
What Might Make a First Choice Business Brokers Franchise a Good Choice?
Opening a First Choice Business Brokers franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
First Choice Business Brokers offers you the opportunity to operate your franchise as a mobile unit, potentially lowering or outright eliminating many overhead costs.
As you decide if opening a First Choice Business Brokers franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a First Choice Business Brokers franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
How To Open a First Choice Business Brokers Franchise
To be part of the First Choice Business Brokers team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty fees and advertising fees.
If awarded a franchise with First Choice Business Brokers, franchisees will receive training before opening their location. First Choice Business Brokers gives franchisees access to software to keep listings organized and keep every other aspect of the business in order. Ongoing training is provided as needed or requested.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the First Choice Business Brokers franchising team questions.
Company Overview
About First Choice Business Brokers
Industry | Business Services |
---|---|
Related Categories | Business Brokerages, Business Coaching & Consulting, Miscellaneous Business Services |
Founded | 1994 |
Parent Company | JLN Enterprises LLC |
Leadership | Jeffrey Nyman, CEO |
Corporate Address |
851 S. Rampart Blvd., #200 Las Vegas, NV 89145 |
Social | Facebook, LinkedIn |
Business Overview
Franchising Since | 2005 (19 years) |
---|---|
# of employees at HQ | 10 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 95 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a First Choice Business Brokers franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$70,400 - $98,350 |
Net Worth Requirement
|
$150,000 |
Cash Requirement
|
$75,000 |
Veteran Incentives
|
$5,000 off franchise fee |
Royalty Fee
|
10%-8% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | First Choice Business Brokers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 16.5 hours |
---|---|
Classroom Training | 91 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where First Choice Business Brokers landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where First Choice Business Brokers ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to First Choice Business Brokers.
Office Evolution
- description
- Virtual office services, coworking spaces, executive-suite and conference-room rentals
Intelligent Office
- description
- Physical and virtual office space for mobile executives and small businesses
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Transform Your Business and Maximize Profits by Focusing on This Customer Retention Factor
The traditional method of judging success — ever-growing year-over-year sales increases — is antiquated. What matters more is Guest Lifetime Value, the amount of repeat business from loyal customers who visit more often and order more with no additional cost to the franchisee.
McDonald's' Response to Inflation? A $5 Meal Deal — Here's Everything to Know About It.
The announcement of the $5 deal comes as stubborn inflation squeezes consumers, who have demanded the fast food giant offer more value.
From Celebrity Endorsements to Boozy Beverages — 20 Incredible Dunkin' Facts That Will Surprise You
Spoiler alert: America isn't the only country that runs on Dunkin'.
McDonald's Is Venturing Into an Unlikely Industry With a New Diversity Initiative
The fast-food giant is addressing the lack of Black designers in the fashion industry, where Black creatives make up just over 7% of designers — despite having set trends for decades.
Make a Real Difference in Your Community with a Huntington Franchise
For nearly 50 years, Huntington Learning Center's mission-driven approach has positively impacted over one million students. Huntington's commitment is to its students and to the families they serve enables them to make a meaningful difference across the country.
California's Fast-Food Minimum Wage Hike Is Already Impacting Franchises. Here's What a New Study Revealed.
Several chains have raised their prices — or closed locations — in response to the wage increase, which has now led to a noticeable decline in foot traffic.