First Choice Business Brokers charges a royalty fee of 10.0% of gross sales (2025 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.

The total ongoing fee rate for a First Choice Business Brokers franchise is approximately 10.0% of gross sales (2025 FDD). This includes the royalty fee, a $350/month technology fee, and other recurring charges.

First Choice Business Brokers has been involved in 0 litigation cases over the past 3 years (2025 FDD). There are no class action lawsuits pending.

No, the First Choice Business Brokers franchisor has no bankruptcy filings in their disclosure history (2025 FDD).

First Choice Business Brokers offers protected territory rights to its franchisees (2025 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales rights are shared between the franchisor and franchisee.

First Choice Business Brokers currently operates 109 locations (2025 FDD) (109 franchised, 0 company-owned). The system grew by 34.6% over the past year. The 3-year compound annual growth rate is 26.4%.

The 1-year franchisee turnover rate for First Choice Business Brokers is 6.4% (2025 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.

The initial franchise agreement term for First Choice Business Brokers is 10 years (2025 FDD). Franchisees can renew -1 times for 10-year periods. The total potential term is 0 years.

First Choice Business Brokers's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 20 miles of the former location (2025 FDD).

No, First Choice Business Brokers's franchise agreement does not require mandatory arbitration (2025 FDD). Disputes may be resolved through litigation. The agreement includes a jury trial waiver.

First Choice Business Brokers provides 161 hours of initial training (2025 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.

Yes, First Choice Business Brokers provides site selection assistance to help franchisees find the right location (2025 FDD). The franchisor also provides technology support and systems.