First Choice Business Brokers

Business brokerages
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Franchise 500 2023
2024 Franchise 500 Rank
#494 Ranked #360 last year
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Initial investment
$70K - $98K
Units as of 2024
95 Increase 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.

Find Your Perfect Franchise

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 Information Circle
$40,000
Initial Investment Information Circle
$70,400 - $98,350
Net Worth Requirement Information Circle
$150,000
Cash Requirement Information Circle
$75,000
Veteran Incentives Information Circle
$5,000 off franchise fee
Royalty Fee Information Circle
10%-8%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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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.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022