Question 1

Does First Choice Business Brokers franchise offer exclusive territory?

Accepted Answer

First Choice Business Brokers offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the First Choice Business Brokers franchise agreement term length?

Accepted Answer

The initial franchise agreement term for First Choice Business Brokers is 10 years. Franchisees may renew up to -1 times for 10-year periods. The total potential term is 0 years.

Question 3

What is the non-compete clause for First Choice Business Brokers franchise?

Accepted Answer

The First Choice Business Brokers franchise non-compete clause extends for 2 years within a 20-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a First Choice Business Brokers franchise?

Accepted Answer

Yes, First Choice Business Brokers allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $10,000 applies.