If you want to start a business brokerage firm, a franchise may be the perfect fit. Not only will you enjoy a turnkey business model, you’ll also enjoy rigorous training and support from industry experts. But your success won’t be guaranteed with just any franchise for sale. Instead, you’ll need to find the right business broker franchise for your market, your way of doing business, and your entrepreneurial goals.
Typically, this means finding a business broker franchise for sale with the following qualitis:
- Extensive training for new franchisees
- Rigorous corporate support and guidance
- Proven brokerage systems and resources
- A trusted brand name and identity
Below, we’ll take a look at what makes each of these features so important. Plus, we’ll take a look at how a Murphy Business franchise delivers in each of these areas.
What to Look for in a Business Broker Franchise for Sale
Why It’s Important: Business brokerage is a complicated, high-stakes industry. Yet many brokers enter the business without a firm understanding of how it works. These brokers end up struggling, and their clients suffer the results.
With a business broker franchise, you can avoid falling into this trap. A great franchise for sale will come with extensive training opportunities, allowing you to learn the ropes of the business brokerage industry. Plus, you’ll be learning how your franchise system was designed to operate.
What Murphy Offers: At Murphy, we invest heavily in franchisee education and training. New franchisees complete an 80-hour online training course, followed by 4 to 5 days of intensive classroom training. This way, you’ll learn the ins and outs of our industry. At the same time, you’ll become an expert in proven business brokerage strategies and systems.
Why It’s Important: Independence has its drawbacks in every business. But for business brokers, independence can be particularly challenging. Many business sales involve unique situations that can prove tough to navigate without guidance.
By purchasing a business broker franchise for sale, you won’t be navigating these situations alone. Instead, you can turn to your franchisor’s corporate support team for expert advice from experienced brokers.
What Murphy Offers: With Murphy, you get one of the strongest corporate support teams of any business broker franchise for sale. Our regional directors bring years of brokerage experience to their work. We also encourage franchisees to network with one another, trading tips on business brokerage or collaborating on multi-market sales.
Systems & Resources
Why It’s Important: When you buy a franchise for sale, you’re not simply buying a business. You’re also buying a set of processes and assets.
Established processes are crucial for business brokers. Without a proven system for valuing and marketing your listings, you’ll struggle to attract high-quality buyers. You’ll also need a bulletproof, step-by-step process when it comes time to dot the i’s and cross the t’s.
In terms of assets, a business broker franchise for sale can provide a wealth of materials. Whether you’re looking to market your own services, list a client’s business, or simplify back office duties, the right franchisor will make things significantly easier.
What Murphy Offers: At Murphy, we’ve developed rigorous systems for each stage of the brokerage process. Many of these systems depend on proprietary resources, such as marketing materials and listing templates curated by our corporate team. At the same time, we provide a wealth of back office resources. This reduces your administrative workload, allowing you to focus more time on clients.
Brand Name & Identity
Why It’s Important: Many small business owners feel wary around business brokers. To earn their business, you’ll need to earn their trust. But that’s tough to do as an independent broker, especially if you’re new to the business.
A franchise for sale can give you the toehold you need in these cases. By purchasing a franchise, you’re purchasing an established brand identity. That can lend you the credibility you need to win over your first clients — provided you choose the right brand.
What Murphy Offers: Put simply, Murphy Business is one of the largest, most recognized, and most trusted business brokerage brands. We bring more than 40 years of experience to the table, with offices in 35 states, plus Canadian markets. By purchasing a Murphy franchise, you can give your brokerage business instant credibility with potential clients.
Looking for a business broker franchise for sale? Call (727) 725-7090 today for detailed information about our franchise opportunities!