If you’re interested in running your own business in the property sector but you’re looking for the support of an established brand, then franchising could be a fantastic option. The profitable, thriving real estate industry is perfect for business-minded people with a love of architecture and a knack for sales, and few opportunities in the industry are as exciting a prospect as a potential franchise investment with Pearson Ferrier.
The residential real estate agency market alone is worth £6 billion in the UK [IBISWorld]. Accounting for commercial real estate too, it's easy to see why so many people are choosing to start running their own real estate franchises in 2022. Keep reading, and you’ll discover everything you need to know about an investment with Pearson Ferrier, one of the biggest names in the UK real estate game.
Does Pearson Ferrier franchise in the UK?
If making Pearson Ferrier home sales and securing Pearson Ferrier rentals sounds like a job you could thrive in, you’ll be thrilled to discover that yes, the real estate business does franchise in the UK. The ever-expanding network based in the Northwest happily welcomes prospective franchise owners to invest using one of three different routes: A Premium Agency Franchise investment, a Property Specialist Franchise investment and a Conversion Package.
At Pearson Ferrier, we believe that diversity is the key to success. We understand that every local area is different [and] when it comes to creating a branch in any new area, we want to make sure that every unique feature is catered to suit you and to suit us. Each one of our three routes to success can, and will, be moulded to fit your needs exactly to optimise your potential.
- Pearson Ferrier
>> Read more:
The history of Pearson Ferrier
Pearson Ferrier was first established in 1996 by business partners Mitchell Pearson and Julian Ferrier. Mitchell and Julian shared a central vision, and a strong desire “to offer clients an impeccable service and see all property transactions executed as smoothly as possible” [Pearson Ferrier]. It’s now been 25 years since the brand came into being. 25 years spent innovating in the ever-changing retail sector.
Though some things have changed a great deal in this time, some things have remained the same. Pearson Ferrier is as committed as ever to great customer service, but the company HAS now expanded into franchising and acquired numerous offices across the Northwest. Plus, additional Director Matthew Fairclough has been welcomed to the team. In short, Pearson Ferrier continues to grow, showing no signs of slowing down. If you choose to invest and become a franchisee, you could be a crucial part of that growth, bringing the amazing services of this property company to the rest of the UK.
Whilst we remain innovative in our field and adaptable in our approach, several core factors of our service have never faltered in our 25 years. For us, our customers will always remain our top priority and key focus, which is why so many choose to recommend our team for the bespoke service we offer, and the attention to detail we exhibit. - Pearson Ferrier
Start a franchise in the estate agency sector with a Pearson Ferrier property franchise
If everything that you’ve learned so far about Pearson Ferrier has piqued your interest and you think that running a property specialist business with the brand is the right route for you, keep reading. The three questions answered below will provide you with all the knowledge you need in order to make a fully informed franchise investment with Pearson Ferrier...
1. How do you go about starting your own Pearson Ferrier estate agency?
For more information about a franchise investment with Pearson Ferrier, you can visit the agency’s website page dedicated to the topic. The website is also a great place to register your initial interest. Note, before you do, that though the company doesn’t list any specific required skills/types of experience that it’s looking for in franchisees, franchisees in the real estate industry will generally benefit from possessing the following:
- The ability to provide excellent customer service
- The ability to make sales
- The ability to communicate effectively
- Computer literacy
- Leadership, people management and teamwork skills
- Attentiveness to detail
- A determined, self-motivated attitude
- A willingness to follow the proven methods/model of your franchisor
We think of our franchisees as partners and we use the same principles of honesty, transparency and ethics as we would in any partnership. Your success is our success so we will do everything possible to make your venture profitable and enjoyable.
- Pearson Ferrier
2. How much do you need to invest?
The cost of becoming a Pearson Ferrier property specialist will range depending on the type of franchise package you go for (as per the three options, listed earlier). Starting a Premium Agency, the highest level of potential investment, will cost a minimum initial amount of £29,950. To contextualise this, the average cost of starting a franchise, as of 2018, was £42,200 [British Franchise Association]. To further contextualise, here are some other cost examples from the property sector:
- EweMove - In order to become a EweMove franchisee, you’ll need to make a minimum initial investment of £10,000, with a total investment cost of £25,000.
- Luke Stays - In order to become a Luke Stays franchisee, you’ll need to make a minimum initial investment of £11,997.
- No Letting Go - In order to become a No Letting Go franchisee, you’ll need to make a minimum initial investment of £17,950.
>> Read more:
- Franchising 101: The Official Franchise Start Up Checklist (Part 1)
- Franchising 101: The Official Franchise Start Up Checklist (Part 2)
- New Year, New Career: No Better Time Than Now to Start a Franchise Today
- Franchising 101: 8 Signs You're Ready to Start a Franchise
- Starting a New Business Doesn't Always Lead to Immediate Success: Here Are 5 Ways to Change That
- It's Never Too Late to Start a New Business
3. What do you get for your investment?
Once you invest in a Pearson Ferrier franchise and start offering property valuation services and more to your customers, you’ll be fully supported by your franchisor with a comprehensive package of assistance and training. The specifics will vary from investment level to investment level.
For instance, the owner of a Premium Agency with Pearson Ferrier will gain access to a territory of 235,000 houses and full marketing support, while a Property Specialist with Pearson Ferrier will still receive full marketing support, but will instead gain access to a territory of 78,000 houses. For more info, don’t hesitate to contact Pearson Ferrier directly.
Pearson Ferrier franchise opportunities are a great way to start running your own business
After reading this article, you should have a good understanding of whether or not you’re interested in running your own estate agency franchise with Pearson Ferrier. Stay on Point Franchise to keep exploring your options and deepening your knowledge of the sector. Discover how to choose an estate agent franchise that’s right for you, how to start your own property management franchise and much, much more.
Cara Squires, Point Franchise ©