First Choice Business Brokers^®

Business Services • Year: 2025

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What Is First Choice Business Brokers?

First Choice Business Brokers is a franchise that operates a business brokerage, assisting owners who wish to sell their businesses with buyers seeking to purchase existing businesses. It serves small- to medium-sized business owners and prospective buyers, and franchisees earn commissions from sellers' proceeds and from resales of franchises. Core services include assessing business value, preparing marketing materials, assisting negotiations, and managing the transaction process under the franchisor's proprietary System and Manual.

First Choice Business Brokers Franchise: Pros and Cons

With a perfect 100 training-and-support score and 161 hours of initial training, this franchise delivers unusually thorough, hands-on preparation, but the fact it operates zero company-owned units raises risk that the franchisor may lack field-tested oversight and direct operational feedback.

Pros

A perfect 100 training-and-support score is well above typical for Business Services, indicating unusually robust support systems you can rely on during ramp-up and day-to-day operations.

The 161 hours of initial training is far higher than what's common in this sector, meaning you'll receive hands-on, time-intensive preparation before opening.

Requiring 0% manager equity (well below typical) gives you flexibility to hire and structure manager pay and ownership as you see fit, keeping more cash on hand and control over staffing decisions.

Cons

Zero company-owned units (well below typical) means the franchisor doesn't operate locations themselves, limiting their ability to field-test changes and maintain firsthand awareness of daily operational realities.

Two outlet non-renewals (higher than typical, in the top quarter) suggests some operators have chosen not to continue, indicating there may be operational or economic friction for certain owners.

Lawsuits & Legal Risk

100

Excellent

The franchise reported no material legal proceedings.

Territory Protection

54/100

Good

Grants a protected operating area where the franchisor will not place other physical units. The franchisor retains rights to sell via e-commerce and alternative channels, to develop additional nearby units (no right of first refusal), and to use alternative trademarks; exclusivity is contingent on meeting performance quotas and relocation is permitted.

Training & Support

100

Excellent

The brand provides a comprehensive 161-hour training curriculum intended to prepare franchisees and their staff, with zero individuals included in the initial franchise fee. The program includes on-site launch assistance as operational readiness support; travel and lodging expenses are the franchisee's responsibility, and on-site support is not subject to an additional franchisor fee.

Unit Growth Analysis

This franchise expanded from 5 units in 2023 to 89 in 2024 (+1,680%), then to 109 in 2025 (+20 units, +22.5% YoY), so unit count is still rising but the growth rate has sharply decelerated. For investors this suggests a successful rapid scale-up in 2024 that moved the brand into a more mature phase—adding 20 net units in 2025 indicates ongoing demand and execution, but the drop from 1,680% to 22.5% growth warrants monitoring of unit economics and the franchise pipeline to sustain future expansion.

How Much Does It Cost to Open a First Choice Business Brokers Franchise?

Opening a First Choice Business Brokers franchise requires a total initial investment of $69,150 to $98,100, according to the 2025 Franchise Disclosure Document. This range covers the franchise fee, real estate, equipment, training, and initial working capital needed to launch and operate through the early months.

Minimum Investment

$69,150

Franchise Fee

Real Estate

Equipment & Assets

Reserves

Training

Other

Maximum Investment

$98,100

Minimum Investment Breakdown

Franchise Fee$40,000

Real Estate$0

Equipment & Assets$2,000

Reserves$10,000

Training$14,100

Other$3,050

Maximum Investment Breakdown

Franchise Fee$40,000

Real Estate$4,000

Equipment & Assets$8,000

Reserves$25,000

Training$15,500

Other$5,600

Investment Analysis

This investment analysis is coming soon. Have ideas for other analyses you'd like us to add? Get in touch.

The initial investment amounts shown are estimates only. Actual costs may vary based on location size, business model, and multi-unit ownership arrangements. We recommend reviewing the full Franchise Disclosure Document for complete details.

How Much Do First Choice Business Brokers Franchise Owners Make?

Average Gross Sales:

N/A

Median Gross Sales:

N/A

High Gross Sales:

$367,000

Low Gross Sales:

$23,650

Sample Size:

Percent Attaining Average:

38.46153846153847%

Franchise vs Corporate Performance: Only franchised-unit commission data are provided (no company-owned performance data), so comparisons to corporate outlets are not possible from this Item 19.

Performance Variability Analysis: There is substantial variability within the franchised sample: top-third average commissions are much higher (267,825) than bottom-third averages (68,810), indicating wide dispersion in commission revenue among outlets.

Data Scope and Limitations: The metrics are reported by thirds and by office type rather than as overall averages or medians for the full sample, and no expense or net income figures are provided, limiting ability to assess profitability or produce aggregate statistics.

Frequently Asked Questions

How much does it cost to open a First Choice Business Brokers franchise?

The total initial investment for a First Choice Business Brokers franchise ranges from $69,150 to $98,100, according to the 2025 Franchise Disclosure Document. This includes the franchise fee, real estate, equipment, training, and working capital.

What is the First Choice Business Brokers initial franchise fee?

The initial franchise fee for First Choice Business Brokers is $40,000, as stated in the 2025 FDD. This fee is paid upon signing the Franchise Agreement.

Does First Choice Business Brokers have any franchise lawsuits or legal issues?

First Choice Business Brokers received a legal risk score of 100 out of 100 in the 2025 FDD analysis. The franchise reported no material legal proceedings.

Does First Choice Business Brokers offer exclusive franchise territories?

First Choice Business Brokers received a territory protection score of 54 out of 100. Grants a protected operating area where the franchisor will not place other physical units.

What training does First Choice Business Brokers provide to new franchisees?

First Choice Business Brokers received a training and support score of 100 out of 100. The brand provides a comprehensive 161-hour training curriculum intended to prepare franchisees and their staff, with zero individuals included in the initial franchise fee.

How many First Choice Business Brokers franchise locations are there?

First Choice Business Brokers had 109 total locations as of the 2025 Franchise Disclosure Document.

What type of business is First Choice Business Brokers?

First Choice Business Brokers is a franchise that operates a business brokerage, assisting owners who wish to sell their businesses with buyers seeking to purchase existing businesses.

Interested in First Choice Business Brokers?

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