Typically, a franchisor will require an initial investment of between £15k and £35k and will then charge an ongoing monthly royalty fee which is based on your income, normally between 8p and 12p of every pound. This already eliminates the majority of people who have an aspiration to set up their own agency due to cost. Also, despite it being most cost efficient to set up and operate your new agency from home, the majority of franchisors unnecessarily insist that their agents immediately begin trading from high street premises.
We cannot deny that buying a franchise is a well proven business model which has worked well for a number of people for many years; however now that 98% of people search for properties online, whether to rent or buy, it places all agents on a level playing field, meaning you can offer your clients equally as much property exposure, where the more determined and pro-active agent will win the business.
Furthermore, because people search for properties online, the vast majority of start up agents initially work from home, if not indefinitely, making significant savings on office overhead costs. Agents meet their prospective clients at the property and applications and holding deposits are processed online.
This therefore presents a huge opportunity for anyone wishing to set up their own independent lettings or estate agency business, particularly when combined with our proven letting and estate agency business and website package, which will allow you to build your business quickly at low cost and low risk without subjecting your business to large ongoing royalty payments or territory restrictions.
When you buy our lettings start up business package, you will be completely independent, being in business for yourself, but not by yourself. You receive a business in a box, where you open it and we guide you to success.