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Become a First Choice Business Broker and help Business Owners sell their business
by locating and matching buyers.


Rather than running some mundane business day in, day out, imagine helping people buy their dream business
by matching them with businesses for sale in your area.This is an exciting franchise opportunity where this
in-demand business will have you working with local business people in your area.

What is a Business Broker?

A business broker is the link between a buyer and a supplier in small business transactions. It’s rather like hiring a real estate agent. The role can also be fulfilled by an individual or by a company. Business brokers are also known by names such as business transfer agents or intermediaries. Their role is important for sealing business deals efficiently and to the satisfaction of both parties. Generally, the broker earns a commission with each sale he facilitates.

When we say small business, we mean those that conduct transactions valued at most $10 MM. Business brokers can also facilitate mergers and acquisitions between small companies.

Generally, brokers act like the active third party. They should know and understand the buyer’s needs as well as the seller’s needs. Interpersonal skills are important as well as negotiating skills. A broker values the confidentiality of his clients and of the business deal and will make an effort not to compromise it.

The broker-client relationship is initiated by a signed contract with the supplier/seller or a buyer representation agreement with a buyer. Thus he becomes a representative for his client who can choose to remain anonymous to the other party. Therefore, he has to put the client’s interests to the forefront and work to get the best deal for the client.

Transaction brokers are a type of business broker who does not represent either the buyer or the seller. This means they have to be neutral in their dealings and not sway towards any key party in the deal. His role is purely one of mediation - to make the sales process a hassle free one.

When the same company (brokerage) represents the seller and the buyer under a written agreement, it’s known as ‘dual agency’. Special laws are in place for such representation, so that conflicts are avoided and business deals don’t turn messy.

What will a business broker be doing?
Several services are offered by a business broker but the quality of service is based on the skills and experience.

  • Help the seller to get the best dollar value for his product or service.
  • Establish the Most Probably Selling Price Valuation by going through a business and evaluating its net worth
  • Create a comprehensive document summarizing the business and highlighting its standard
  • Carry out buyer searches
  • Filter potential buyers to come up with the most probable set of buyers, thereby making the process convenient for the seller
  • Negotiate prices
  • Market the business to potential buyers
  • Guide the client through the entire deal
  • Keep the sale and/or the client’s details confidential
  • Offer consulting services, if necessary

A business broker does not have the power to close a deal without the approval of the principal (the seller). He/she cannot sign any closing documents on the sale.

Business brokers are an asset to business owners/managers because they can carry on with their work without having to worry about sales and negotiating prices. Typically, business deals can take up to a year to be fully processed. In business, time is money and the broker can save a lot of time for his client.

For more information Click here

Interest / Skills
Working with people; business savvy/interest in business and working with business owners; enjoy negotiating and helping people come to a resolution; being a problem solver.
Selling Methods
Over 19 different marketing strategies to build your business. Although the primary way to build the business is through building a team of Associates.
Training and Sales Support
Three levels of training. Main training is 5-days of class training in Las Vegas. Then a 12 week training program; followed by ongoing weekly coaching/mentoring. Support is in the form of proactive, weekly coaching, weekly franchise owner conference calls, monthly national education sessions and reactive 24/7 live phone help.
Requirements
Lower-overhead single person enterprise option available. May require licenses in certain states – usually just a Real Estate and/or Real Estate Broker license. Low Startup Capital (now $20,000). Financing is available.
Contact Information
Jon Evans - Director of Franchise Development 
Phone: 1.800.940.9109
Email: info@fcbbi.com 
www.FCBBI.com
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