The UK real estate industry has a market value of £1,662bn and contributes £94bn to the economy. Without realising it, real estate is an integral part of your life; from your first arrival in a hospital, to the building you call home, the schools that nurtured your mind, and the offices where you work.
Commercial real estate is vital to the UK economy as it provides jobs for more than two million people. It also initiates urban regeneration by adding over 50 million square feet of new space every year, valued around £12bn.
Interested in joining the real estate industry but don’t know where to start?
Property and Estate Agency Franchises
Becoming a real estate agent is one of the best decisions you can make as an entrepreneur to achieve long-term financial growth. The most successful real estate agents are the ones who leave a lasting positive impression with their clients. If you already possess a fun, engaging personality you’re already halfway there to closing your first sale.
But, before you can start earning commission, you need a pool of potential clients to pull from. This is where property and estate agency franchises can keep you ahead of the competition.
Let’s take a look at what some of these franchises have to offer.
Lyme Property
Lyme Property is a Spanish SL company that was established in 2015. As a franchisee, you’ll be taught how to match investment opportunities to the right buyer. With access to both individual and group training via Skype, you’ll be provided with the insider knowledge needed to succeed. Fine-tuning those newly taught skills will be as simple as picking up the phone to initiate contact with the 50+ leads that Lyme Property will provide on a monthly basis.
Lyme Property offers a wide range of investments, from office space in New York, UK apartments, student accommodations and airport parking spaces at Malaga and Gatwick. They take care of the brunt of the paperwork, so all you have to focus on is closing the sale.
For each sale, you’ll receive a commission of 65-75%. In the first year alone, you can potentially earn £50,000 to £100,000. Commissions are issued within 48 hours of receiving payment from the client.
Lyme Property offers a short-term franchisee contract of six months. After this time period, you have the option of either extending your contract or branching out on your own. For a limited period, you can become a Lyme Property franchisee for £5,995.
Northwood
Northwood is a long-established Letting and Estate franchise with just about 21 years of experience. They aim to set themselves apart by offering their franchisees the opportunity to earn twice as much as the closest competitors. Such increased earnings are made possible by their “Guaranteed Rent” service.
Landlords who utilise Northwood’s property management services are guaranteed a set rent each month. Northwood lets the property at the higher market rate and collects the difference between the two as income. This, in turn, translates into higher commissions for the franchisee.
While the Northwood franchise is open to those new in the real estate industry, it is better suited to franchisees with the ability to invest £45,000 – £50,000 of their own money.
Nicholas Humphreys
Nicholas Humphreys offers five different franchise opportunities, and the one that may be of most interest to you is their Specialist Student Letting Brand. Student Lettings offer the added advantage of guaranteed income for the year at a fee two and a half times greater than residential lettings.
Del and Kirin were two experienced landlords who found themselves drawn to the increased profits of Student Letting. In the first year, the franchisees made £57,199,and the second year was even more fruitful with an income of £96,000.
Other services offered include Investment and Residential Sales, Professional Lettings, and Letting Management. To become a Nicholas Humphrey’s franchisee, you’ll need to make an initial investment of £18,500.
Ready to join the real estate industry? Search for your ideal estate agency franchise on Reed Commercial and get started on the path towards long-term financial success.
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