FIRST CHOICE BUSINESS BROKERS
First Choice Business Brokers franchises operate business brokerage services, assisting small to medium-sized business owners in selling their businesses by matching them with potential buyers, while also providing valuations, consultations, and support for purchases, sales, resales, and acquisitions. Franchisees earn commissions from successful transactions, including franchise resales, and may employ associates paid on commission. The target market includes owners of small to medium businesses and entrepreneurs seeking to buy existing businesses.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
10% royalty + $250/mo brand fund + $350/mo technology (+$145/mo per associate)
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data based on 79 franchised businesses (46 from multiple-business offices, 33 from single-business offices) that had sold listings in 2024.
* The FDD presents 'Average Commissions' data. According to the FDD, 'Average Commissions is calculated by taking an Office's total Gross Revenue attributable to commissions and referral fees and dividing it by the total number of sold listings during the calendar year ending December 31, 2024.' Since the requested fields like 'average_gross_revenue' are defined as 'per franchise unit' and the provided data is 'per sold listing', these fields cannot be directly extracted or calculated from the available information without knowing the number of listings per unit. Furthermore, 'Commissions' do not include other revenue streams, meaning they are not total gross revenue. No net income, net profit, EBITDA, or expense data is provided.
Extracted Item 19 Section
How FIRST CHOICE BUSINESS BROKERS Compares to Other Business Services Franchises
Key Insights
- Higher than average SBA loan default rate in Business Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
FIRST CHOICE BUSINESS BROKERS Current | $69K - $98K | $40K | 10.0% | 109 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+19 more states
SBA Loan History
Historical SBA 7(a) loan data for FIRST CHOICE BUSINESS BROKERS franchisees (2015 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a FIRST CHOICE BUSINESS BROKERS franchise?
The total initial investment to open a FIRST CHOICE BUSINESS BROKERS franchise ranges from $69,150 to $98,100. This includes a franchise fee of $40,000. Ongoing royalty fees are 10.0% of gross sales.
How many FIRST CHOICE BUSINESS BROKERS franchise locations are there?
As of the 2025 FDD, FIRST CHOICE BUSINESS BROKERS has 109 franchise locations. The company has been franchising since 2005.
Can you get an SBA loan for a FIRST CHOICE BUSINESS BROKERS franchise?
Yes, SBA loans are available for FIRST CHOICE BUSINESS BROKERS franchises. Historical data shows 2 SBA 7(a) loans have been approved for FIRST CHOICE BUSINESS BROKERS franchisees, with an average loan amount of $1,384,250. The historical default rate is 0.0%.
Is FIRST CHOICE BUSINESS BROKERS a good franchise to buy?
FIRST CHOICE BUSINESS BROKERS shows several positive indicators: established brand with 109+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in FIRST CHOICE BUSINESS BROKERS?
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