Franchise Spotlight: Business Brokers
The rising demand for Business Brokers means this is an industry offering exciting franchise opportunities.
Business Brokers help people to buy and sell other businesses. They are the middle person between the buyer and seller, managing the deal to ensure satisfaction from both sides. This is a great sector to franchise in if you’re looking for low start-up costs, working from home potential and have a good understanding of the business world.
Business Brokerage is a relatively new sector to become involved in and caters for a specialized niche in the industry. With statistics showing that more than 4 million new businesses started in America in 2020 (a 26.9% increase from the previous year), this is a sector which looks set to grow.
There are over 30 million small businesses in the United States and brokers play an important role in supporting entrepreneurs who are ready to sell or buy into the market. First Choice Business Brokers and Empire Business Brokers both offer low cost initial investments in a scalable business model, meaning you can grow your business to a size which is right for you.
Business Broker Industry Analysis
Business Brokerage is a thrilling and rewarding industry to franchise in and one which offers the potential of large returns on your investment. Franchisees in this sector benefit greatly from the recognized brand name a reliable, established business with proven success can offer.
The scalability of the business brokerage sector appeals to many franchisees as well as the option to work from home and manage your work-life balance. Although most companies offer full training and do not require experience in the industry, this is a sector which will certainly benefit from franchisees having good economic understanding and the ability to clearly communicate with consumers. Indeed, previous brokerage experience in another field, such as retail estate brokers, will be able to find their feet quickly in this sector.
With an increase in people starting new businesses in America, the role of a business broker is not going anywhere. Be sure of the type of ongoing support you will require when researching in this sector. Business Brokerage is a highly competitive and fast changing market and for the right franchisee, this industry can be extremely lucrative.