First Choice Business Brokers

First Choice Business Brokers

Business brokerages
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2022 Franchise 500 Rank
N/R Ranked #285 last year
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Initial investment
$67K - $95K
Units as of 2022
46 76.9% over 3 years

Company Overview

About First Choice Business Brokers

Founded
1994
Parent Company
First Choice Business Brokers Inc.
Leadership
Jeffrey Nyman, CEO

Franchising Overview

Franchising Since
2005 (17 years)
# of employees at HQ
6
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
46 (as of 2022)

Franchisor Information

Social
Facebook, LinkedIn
Corporate Address
5420 W. Sahara, #200
Las Vegas, NV 89146

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
$66,850 - $94,750
Net Worth Requirement
$100,000
Cash Requirement
$60,000
Veteran Incentives
$5,000 off franchise fee
Royalty Fee
10%
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
22 hours
Classroom Training
60 hours
Additional Training
Additional training
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
Ad Templates
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?
Yes
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.

Ranked #42 in 2021

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021