If you’re a business-minded person with an interest in running a property management franchise, building an InHabit property portfolio might appeal. As the owner of an InHabit franchise, you’ll be sourcing and purchasing property, managing refurbs and repairs, and most importantly, putting people in homes. Read on, and find out all you need to know about starting your own InHabit property investment franchise.
In the UK, real estate businesses turn over a whopping 68.6 billion [Statista]. The huge sector is evidently profitable, and InHabit’s charity-friendly, people-inclusive approach puts the franchise in an appealing niche, at the forefront of an industry-wide pivot. If you want to make a career change with a property management franchise, you can’t beat a franchise investment with a company like InHabit.
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Does InHabit franchise in the UK?
Those interested in the prospect of launching a unique, thriving property investment business will be happy to hear that yes, InHabit does franchise in the UK. The model has been proven and tested by investors in the North East over the past five years, and InHabit is now “granting franchise licenses around the UK” [InHabit] following the success of the aforementioned portfolio (around 80 properties). With InHabit, you’ll enjoy all the many advantages of running a property management franchise, and you’ll always be supported.
InHabit is a new franchise concept that is transforming lives by working with partners, including charities, to put people into property. As a franchisee, you can look forward to a healthy income for you, a good return for your investors and making an important difference to people’s lives.
The history of InHabit investment specialists
Founded in 2020, it’s already been an incredible couple of years for InHabit. The vision of the founders was to allow people to build property portfolios without going it alone, and from day one, InHabit has been committed to investors and tenants alike, with high quality and safety standards. InHabit’s three defining words are: Professional, responsible and inclusive. Led by Co-Founder Trevor Brocklebank, InHabit’s central “friendly and knowledgeable team of property and investment specialists” [InHabit] is there for all of its investors and franchisees.
Trevor has successfully built and sold multiple businesses over the years, including Home Instead Senior Care, “one of the UK’s most successful franchise companies - which he built up to a turnover of more than £100m”. Despite launching in the midst of a pandemic, InHabit has enjoyed a successful trajectory thus far and weathered the storm of COVID-19. Now, during the real estate sector’s post-COVID comeback, the franchise is hoping to continue its expansion and welcome new franchisees to the ranks during 2022.
Putting people, professionalism and inclusivity at the heart of InHabit, we deliver much-needed quality housing to our tenants and charity partners. We are already generating significant returns for property investors, whilst proudly providing a safe place for tenants to call home.
Start a franchise in the property management sector with an InHabit business
If everything you’ve learned so far about InHabit has left you more keen than ever to start your own property management franchise, keep reading. The three questions below will equip you with all the information you need in order to make a fully informed franchise investment with InHabit...
1. How do you go about investing with InHabit property specialists?
Interested parties can visit InHabit’s website and check out the page dedicated to franchising for more information, or to fill out a contact form and register their interest with the company. Note, before you do, that you aren’t required to have a background in property - or even business ownership - in order to be considered a potentially ideal franchisee. In the eyes of InHabit, the ideal franchisee needs:
- Plenty of business/commercial acumen and entrepreneurial spirit
- Excellent people management skills
- Excellent project management skills
- A passion for delivering outstanding customer service/a great customer experience
- The same values as InHabit (professional, responsible, inclusive)
- A willingness to follow InHabit’s proven model/operational guidelines
- A strong desire to work with the InHabit network in partnership
- A strong desire to work in the property sector
- A strong desire to be your own boss/run a business
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2. How much do you need to invest?
In order to become an InHabit franchisee, you’ll need to make a minimum initial investment of around £25,000. You’ll also need to account for a £500 per month (plus 12% of lettings related income) franchise fee, and start-up costs. You can find out more about the full likely amount associated with an InHabit franchise investment by reaching out to the company directly, but to give you a general idea, the average cost of starting a franchise was £42,200 in 2018 [British Franchise Association].
3. What do you get for your investment?
After investing with InHabit, you’ll be guided, mentored and trained thoroughly. You’ll be walked through every step of the InHabit process, from set-up to running, ensuring your franchise investment is able to be as successful as possible. Your training, delivered with a blended and bespoke approach, will include sourcing training, appraisal training, repair and refurbishment management training, property management training and training on working with investors.
You’ll benefit from our experience and expertise in franchising, property investment and refurbishment, as well as group buying power and being part of a community. We’ll also mentor and support you through developing a portfolio of investors and property, while helping you manage effective refurbishment to InHabit’s high standards.
InHabit franchise opportunities are a great way to start running your own business
If building a property portfolio and actively, responsibly managing this portfolio suits your skills, InHabit is a great option. But if you’re still on the fence, don’t forget that starting an InHabit franchise is by no means your only option. There are many property management franchise investment opportunities listed on Point Franchise, from hospitality-focused Luke Stays to lettings industry giant No Letting Go. Do your research, and you’re sure to find your fit.
Lily Sweeney, Point Franchise ©