First Choice Business Brokers Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$40,000
Investment required
$30,000 - $90,000
First Choice Business Brokers: Leading the Way in Business Sales Excellence
First Choice Business Brokers (FCBB) is a leading franchise in the business brokerage industry, specializing in matching buyers and sellers of small to medium-sized businesses. Founded in 1994 in Las Vegas, Nevada, FCBB has established itself as a trusted name in business sales, with its headquarters still based in Las Vegas.
The company began offering franchise opportunities in 2005, allowing entrepreneurs to leverage its proven systems and strong brand reputation to build successful brokerage businesses.
The franchise model emphasizes a low-overhead business with multiple streams of income, making it an attractive option for those looking to enter the business services sector.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure | Amount |
| Initial Franchise Fee | $40,000 |
| Initial Training/Marketing Fee (before July 1, 2024) | $12,500 |
| Initial Training/Marketing Fee (after July 1, 2024) | $14,000 |
| Travel and Living Expenses to attend Training | $100 - $2,500 |
| Real Estate / Rent | $0 - $2,500 |
| Real Estate Deposit and Improvements | $0 - $1,500 |
| Signs | $500 - $1,500 |
| Office Furniture, Equipment and Computers | $1,000 - $5,000 |
| Pre-Opening and Initial Advertising | $1,550 - $3,100 |
| Insurance | $1,500 - $2,500 |
| Vehicle Cost | $500 - $1,500 |
| Additional funds-3 Months | $10,000 - $25,000 |
| Estimated Initial Investment (Before July 1, 2024) | $15,150 - $45,100 |
| Estimated Initial Investment (After July 1, 2024) | $30,300 - $90,200 |
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Franchise Disclosure Document
Training
First Choice Business Brokers (FCBB) provides a comprehensive and ongoing training program for its franchisees, designed to ensure their success in the business brokerage industry. The training covers all aspects necessary for running a successful brokerage, even for those with no prior experience in the field.
- Initial Training: The franchise begins with an extensive initial training program that covers the core functions of a business broker, including how to list businesses for sale, match sellers with buyers, and handle transactions. This training is crucial for building the foundational knowledge needed to operate within the FCBB system.
- Ongoing Support: Training at FCBB is not a one-time event but an ongoing process. The franchise emphasizes continuous learning, providing regular updates, refresher courses, and new training modules to help franchisees stay ahead of industry trends and changes in the economic environment. This ongoing training ensures that franchisees are well-equipped to adapt and thrive in various market conditions.
- Operational and Marketing Training: In addition to the core brokerage training, franchisees receive instruction on the operational aspects of managing their franchise, including team building, client management, and leveraging the FCBB brand. Marketing strategies and tools are also part of the training, enabling franchisees to effectively promote their services and attract clients.
- Master Franchise Opportunities: For those interested in larger territories, FCBB offers Master Franchise training, which focuses on awarding and managing multiple franchise units within a region. This training is more advanced and geared towards individuals who wish to expand their business operations significantly.
Territory Protection
First Choice Business Brokers (FCBB) offers territory protection to its franchisees, ensuring that each franchisee has a designated area where they can operate without direct competition from other FCBB franchisees.
This territorial protection allows franchisees to fully develop and maximize their market potential within their assigned region, fostering a more secure and lucrative business environment.
The franchise territory is typically defined during the franchise agreement, and it is designed to provide sufficient market size and opportunity for the franchisee to grow their business.
