Estate agents are at the forefront of the multi-billion property industry. Helping people buy and sell the right homes for them, you can expect to enjoy a whole lot of job satisfaction when you’re working as an estate agent. But which franchise is the right one for you?
Starting your own estate agency franchise is one of the best ways to combine job satisfaction with an extremely profitable sector. While working in property means that you’ll be up against stiff competition, by choosing the right estate agency franchise for you, you can reap all the rewards that come with working in this important sector.
But how do you go about choosing the right franchise to suit your needs? If you’re looking to make an ambitious career change, why not look more into The Good Estate Agent franchise?
What is The Good Estate Agent franchise?
The Good Estate Agent is a family-run estate agent franchise that specialises in putting people back into the lettings sector. Unlike some other agencies that prioritise profit and fees, this friendly franchise has achieved its success through offering the best office, having the right expertise and making the most of the fast-changing lettings industry.
Instead of running a completely in-person or online agency, The Good Estate Agent operates on a hybrid model that allows you to make the most of both - something that has proven to be worth its weight in gold in recent years.
Does The Good Estate Agent franchise in the UK?
With over 50 successful franchisees across the country, The Good Estate Agent has built its previous and future success on the UK property market. And with no sign of this gravy train stopping any time soon, this franchise will continue looking for new franchisees to take the business forward.
From working in the very busy property industry to earning a very attractive income for yourself, this exciting franchise could be the perfect fit for you.
The Good Estate Agent offers you the opportunity to become an agent and earn up to 80% of the commission earned. As a Good Estate Agent all you need to do is go out and get the business. We take care of the systems, training, property management software, Rightmove and Zoopla advertising and telephone and email enquiry management.
- The Good Estate Agent
Start a franchise in the estate agent sector
But while lots of people might think they have what it takes to become an estate agent franchisee, preparation is vital. With the right knowhow at your disposal, you’ll be able to hit the ground running.
1. How do you become a Good Estate Agent franchisee?
Unfortunately, The Good Estate Agent doesn’t currently have a page on Point Franchise. So to make an inquiry and to find out more about what you’ll need to become a franchisee, you’ll need to head to the franchise’s website.
You’ll be asked to give a few details about yourself and also to indicate whether or not you have previous experience of working in the lettings industry. While previous experience won’t always be a deal-breaker, it could help. What matters most though, is that every potential franchisee has the right skill set. You could be at a great advantage if you:
- Have a good way with people
- Have good knowledge of the local property market
- Have good business sense
- Are good with numbers
- Are capable of financing the initial startup of your business
- Have a good eye for recruitment
2. How much will you need to invest?
Franchises all have different initial investment thresholds, and while they will all each vary, you need to be ready to make an initial and total investment, as well as paying off any ongoing franchising fees. The Good Estate Agent doesn’t list any specific costs, but to give you an indicative idea of what some of the franchise’s competitors will ask for, use the following examples as a benchmark:
- To become a EyeMove franchisee, you’ll need to make a minimum investment of around £10,000 and a total investment of around £25,000.
- Luke Stays is looking for franchisees to make a minimum investment of £11,997 + VAT.
- No Letting Go will ask franchisees for a rough minimum investment of around £17,950 and ongoing franchising fees of the same amount.
The good news is that estate agencies, particularly those that can be operated remotely or online, come without many of the existing overheads for other stores, franchises in the estate agencies sector are quite a lot more affordable than some others - so this is a cost-effective franchise to be a part of as well.
3. What training and support is on offer?
One of the greatest advantages to running an estate agent franchise is the amount of experienced training and support on offer to all franchisees. The exact amount of training on offer to you will depend on how much more support you want, and how prepared you are to continue to develop your skills.
While franchises such as The Good Estate Agent have been very successful to date, no business can ever rest on its laurels. Seek out development opportunities and always be prepared to keep learning, and you’ll be well on your way to becoming an excellent franchisee.
Become an estate agent franchisee today
The property market is of vital importance to the UK economy. Contributing billions to the country’s coffers, the vibrant property industry is the ideal place to start a new venture. Join a franchise today and become your own boss.
Elliott Fudge, Point Franchise ©