ABBI News
Wednesday, December 1st, 2010

Why You Should Use ABBI to Sell your Business:

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Monday, November 29th, 2010

Adding Value To Your Business

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ABBI FRANCHISE FAQs

We hope that the information provided on this site provides you valuable guidance to help make the important decision to become an ABBI Franchise Partner. Below are some of our most Frequently Asked Questions. If you have an additional question not covered below, please click here to contact us.

  1. I have no business brokerage industry experience. Does ABBI provide training?
  2. Do I need a real estate licenses?
  3. How much is the ABBI’s Franchise Fee and what does the fee buy?
  4. How much money is required to open an ABBI franchise?
  5. How much is the royalty fee?
  6. What does ABBI look for in their Franchise Partners in order to ensure the brokerage maintains a professional image?
  7. I'm very interested! What are the next steps involved in obtaining an ABBI Franchise?

1. I have no business brokerage industry experience. Does ABBI provide training?

We offer a comprehensive training at our head office in Mississauga. The curriculum includes entrepreneurial training, general management and operation of your branch, customer service, financial and valuation management. Your most important asset is to be flexible and able to align with the organizational, operational and marketing direction of ABBI.

2. Do I need a real estate license?

Yes. All professionals brokering the sale of businesses will be required to obtain a real estate license.

3. How much is the ABBI’s Franchise Fee and what does the fee buy?

Our franchise fee is depends on the market. The franchise fee secures the right to own and operate an ABBI franchise in a given territory and the use of the ABBI trademarks, trade name, valuation software and retail marketing plan. ABBI also provides:

  • Site selection, lease negotiation and architectural design
  • Assistance from franchise operations experts both before and after the opening of your branch
  • Administrative systems
  • Comprehensive training program
  • Operational support
  • Financing assistance is available to qualified purchasers

4. How much money is required to open an ABBI franchise?

In order to obtain financing from a chartered bank or trust company, you must have at least 25 to 30% of the purchase price as an unencumbered cash down payment.

5. How much is the royalty fee?

The royalty fee is dependent on sales, payable to ABBI on a monthly basis.

6. What does ABBI look for in their Franchise Partners in order to ensure the brokerage maintains a professional image?

We look for individuals with a strong work ethic, who are able to work well with their staff, show leadership, manage transactions, have a friendly attitude, possess excellent communication skills, and are able and willing to commit to the long hours and service excellence necessary to successfully operate their own business.

7. I'm very interested! What are the next steps involved in obtaining an ABBI Franchise?

If you are interested in becoming a franchisee, please call 1.877.820.ABBI to set up an appointment with a Franchising representative or click here to contact us online.