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

A standout Training and Support score of 100 (and 161 hours of initial training) shows the franchisor's strong commitment to preparing operators, but having zero company-owned units limits its ability to test new ideas, iterate systems, and maintain firsthand operational insight.

Pros

At $2,000, the minimum assets required is well below what's typical across franchises, leaving you with more cash on hand for build-out and early operations.

161 hours of initial training is well above what's typical for Business Services, reflecting the franchisor's strong investment in preparing new operators.

A Training and Support score of 100 is well above what's typical for Business Services, indicating robust ongoing support once you're operational.

Cons

Zero company-owned units is well below what's typical for Business Services, which limits the franchisor's ability to test new ideas, iterate operational systems, and maintain firsthand awareness of running a location.

Two franchisee non-renewals is well above what's typical for Business Services, suggesting some operators chose not to continue in the system.

Lawsuits & Legal Risk

100

Excellent

First Choice Business Brokers reported no material legal proceedings,

Territory Protection

51/100

Good

First Choice Business Brokers grants a protected, non-exclusive Designated Territory (minimum population 350,000) that prevents another franchise from locating within its bounds; territory rights are contingent on meeting performance quotas, while the franchisor retains the right to develop additional units in the surrounding market and to sell via e-commerce.

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.

Franchisee Stability

49/100

NORMAL

First Choice Business Brokers receives a Normal Stability Score.

Three-year turnover of 8.67% sits above the typical Business Services franchise (around 6%) and falls below the high end of the Business Services range (about 11%), placing the brand in the mid-range for churn among its peers. Out of 15 total exits, terminations dominated with 7, alongside 3 non-renewals, no franchisor buybacks, and 5 ceased operations; this occurred against a backdrop of about 81 franchised outlets in the most recent year.

The dominance of terminations suggests franchisor-initiated exits; this can mean operators struggled with the model, that unit-level economics were challenging in some territories, or that the franchisor enforces standards aggressively and prefers termination over remediation, so understanding the common causes behind those terminations will be useful. For prospective franchisees, retention is in line with industry peers.

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$100

Other$17,050

Maximum Investment Breakdown

Franchise Fee$40,000

Real Estate$4,000

Equipment & Assets$8,000

Reserves$25,000

Training$1,500

Other$19,600

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:

38.5%

Audit Status:

Unaudited

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

Is First Choice Business Brokers a good franchise to own?

Whether First Choice Business Brokers is a good franchise depends on your goals, experience, and local market. Key factors from the 2025 FDD: First Choice Business Brokers operates 109 locations, received a legal risk score of 100/100, a training and support score of 100/100. Financial performance data is disclosed in Item 19. Prospective franchisees should review the full Franchise Disclosure Document and consult with a franchise attorney before making any investment decision.

Is a First Choice Business Brokers franchise worth the investment?

The value of a First Choice Business Brokers franchise investment depends on factors such as location, operator experience, and market demand. The initial investment ranges from $69,150 to $98,100. The system reported 1 terminated units in 2025. Franchise investments carry inherent risk, and prospective buyers should conduct thorough due diligence before committing capital.

What is the failure rate of First Choice Business Brokers franchises?

In the 2025 FDD, First Choice Business Brokers reported 1 terminated franchises and 2 non-renewals out of 109 total locations. Franchise closures can result from many factors including market conditions, operator decisions, lease expirations, and franchisor enforcement actions. The FDD's Item 20 provides the most detailed unit turnover data.

How long does it take to break even with a First Choice Business Brokers franchise?

Break-even timelines for First Choice Business Brokers franchises are not disclosed in the 2025 Franchise Disclosure Document. Break-even periods vary significantly based on initial investment level, local market conditions, operating costs, and revenue ramp-up speed. Prospective franchisees should build a pro forma financial model using Item 7 cost estimates and, where available, Item 19 financial performance data from the FDD.

Is First Choice Business Brokers a franchise or a corporate-owned business?

As of the 2025 FDD, First Choice Business Brokers operates 109 franchised locations and 0 company-owned locations. Franchise opportunities are available through the franchisor's disclosure process.

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