- 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.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
This Sleep Company Is Combining 2 Key Factors to Transform the $40 Billion Mattress Industry — And It Just Made Another Major Move
Explore how Amerisleep's unique approach to franchising — with low startup costs and no inventory requirements — sets a new standard in the mattress market.
The Top Franchise Brands Growing Globally
While our main Fastest-Growing Franchises list focuses on North American growth, more and more brands are looking to grow worldwide. These are the 25 that had the greatest franchise growth outside the U.S. and Canada from July 2022 to July 2023.
This Chicken Chain Opens a New Location Every 3.5 Hours — Thanks in Part to an Unusual Menu Strategy
With locations spanning 149 countries, KFC has cemented its status as the fastest-growing retail brand under the Yum! Brands umbrella and a key driver of its overall success.
These Women-Founded Franchises Surpassed a Major Milestone — Against the Odds. Here's How They Did It.
Discover the stories of female trailblazers who not only founded but propelled successful businesses beyond 100 franchises — a few of them several times over — reshaping industries and leaving an indelible mark.
From Global Giants Like Taco Bell and McDonald's to Emerging Brands Like Crumbl, These Are The Top 15 Fast Food Franchises
Fast food/QSR franchises offer significant entrepreneurial opportunities, including extensive resources, support systems and brand recognition provided by their parent companies.
It's Equal Pay Day — These 5 Franchises Have Made Public Pledges for Pay Equality.
These efforts by franchises to address the Gender Wage Gap are vital steps towards creating a more inclusive and fair workplace, highlighting the broader movement towards gender equality in the corporate world.