FIRST CHOICE BUSINESS BROKERS

Item 7 outlines a modest initial investment of $72,600 to $99,500, including a $45,000 franchise fee, making this one of the lower-barrier business services plays. Item 19 discloses average gross revenues of $148,634 per location, which feels underwhelming for a franchise centered on high-value transactions—commissions from sales, resales, and acquisitions drive income, often via associate teams. Fees bite hard: 10% royalty (minimum $300/month, dropping to 8% above $850,000 gross), plus $250/month brand fund, $350/month tech fee, and tiered administrative support from $250-$1,500/month based on listings. No net profit figures, so break-even likely hinges on volume; at average GR, royalties alone could eat 10%+ of top line before other costs.

System health signals stability with 128 locations (up 17% from 109 in 2024), 21 projected new units, just 5 terminations, and 1 transfer—low churn for a 2005 franchisor. Two SBA loans average $1,384,250, suggesting some franchisees scale with serious debt for operations or listings. Growth momentum and low entry appeal to brokers eyeing passive income via associates, but thin revenues warn that consistent deal flow is crucial; this isn't a passive cash cow without hustle.