Start a Franchise with Nicholas Humphreys Estate Agent.

04/03/2018 08:00 | Start a business

Nicholas Humphreys franchise article

One of the leading estate agents in the UK, Nicholas Humphreys is one of only five property franchises to become a full member of the bfa. About Nicholas Humphreys

A specialist in student lettings, this franchisor has branches in 28 locations in England and focuses on university cities and towns with a high demand for student accommodation. It also provides a comprehensive start-up package to help franchisees get their new businesses off to the best start. Therefore, if youre interested in the property sector and want to be part of an ambitious, supportive community, Nicholas Humphreys could be one the best franchises to invest in this year.

How it was founded

Founded in Loughborough by managing director Nick in 1998, Nicholas Humphreys opened a student lettings branch in 2000 and a professional lettings branch two years later. Today, this franchisor has branches all over the country, from Portsmouth to Newcastle-upon-Tyne, and its student lettings franchises have the potential to earn up to 2.5 times the typical fee income of an ordinary professional letting agency.

The student lettings market in the UK

A report by Savills found that the UK student market performed well in 2016, with 68,000 beds traded, representing a value of £4.5 billion. The demand for investment is continuing to grow, too, with over 70% coming from overseas buyers according to property consultancy Knight Frank.

This consultancy also estimates that the purpose-built student accommodation market in the UK is worth £46 billion, so this presents significant opportunities for an estate agent franchise in an area with a high student population.

What makes Nicholas Humphreys different?

Nicholas Humphreys differentiates itself from its competition by providing a fresher approach to the student lettings business. For example, it has invested heavily in marketing to build its brand presence and conducts rigorous tests to ensure its franchise locations are viable. Another reason Nicholas Humphreys is one of the best franchises to invest in is that its actually five businesses in one: student lettings, property management, professional lettings, residential sales and investment sales. Therefore, each franchise has the potential to earn unlimited income from multiple markets. Plus, the excellent success rate of Nicholas Humphrey's franchise network is proof that its business concept is easily transferable and replicable across different locations,

Your initial franchisee fee will be invested back into your new estate agent franchise, which means Nicholas Humphreys will make no profit from this charge. This will include the pre-launch and launch stages to ensure you can build and sustain a profitable business.

Fortunately, you won't need to run your franchise in a large shop front either, as all Nicholas Humphreys franchisees have launched their businesses from small serviced offices. That means you could benefit from much lower overheads, which should help you achieve higher revenue and personal income. So, if youre looking for the perfect franchise business opportunity with minimal operating costs and the potential to build a large, long-term client base, Nicholas Humphreys could be your answer.

What Nicholas Humphreys is looking for

This franchisor seeks motivated individuals who want to run their own business under a well-established, recognisable brand. Luckily, you don't need any formal experience in the letting sector to be considered. Thats because Nicholas Humphreys franchise packages include all relevant training to help you get your business off the ground.

Training and support

With a Nicholas Humphreys estate agent franchise, you'll receive excellent training and support, with a four-week training programme for up to two people. Plus, this is one of only a small minority of franchisors to provide an in-field launch support programme, which will help you generate business as quickly as possible. These programmes will be provided by industry professionals with experience in launching a business, so you'll receive expert guidance to help you get your new franchise off the ground.

Nicholas Humphreys also has a bespoke specialist student lettings strategy to help you tap into this market. Many properties are let months in advance, so you can earn significant income while boosting your cash flow.

The launch period will also include in-field and remote support for at least 20 days, so youll have plenty of time to become familiar with Nicholas Humphreys business model and how to operate your franchise efficiently. You are strongly encouraged to take advantage of the franchisor's networking events, as these will enable you to get to know other franchisees and find out how they took advantage of their franchise business opportunity. Plus, you'll feel part of an extensive, supportive network that shares the same ambition to grow the network and carry the Nicholas Humphreys brand forward.


Oliver Barker, who became the managing director of Nicholas Humphreys Hatfield branch in 2016, says the training and support he has received has been first class, which is why he rates this franchisor as the best in the market.

Meanwhile, Robbie Bell and Rebecca Henderson, who became the managing directors of the Durham branch in 2015, said their business is challenging but rewarding and that it would have been a scary place without the franchisor's training and support.

Tom Brookes, who opened the Leeds Headingley branch in 2014, said he loved the culture of the company and its vision, adding that franchisees can ensure a successful launch if they follow the franchisor's marketing directions and make the most of the monthly support days and networking opportunities.

These are just some examples of ambitious people who achieved their dream of running their own business under the Nicholas Humphreys brand. Perhaps you could be the next success story.

Financial information

  • Franchise fee: To open a franchise with Nicholas Humphreys, youll need at least £18,500 to cover the initial franchise fee. This will include a territory with a market of 50,000 homes, and you'll also receive a 15% discount for each new franchise territory you acquire/
  • Working capital fee: N/A
  • Business fee: N/A


To be eligible for this franchise business opportunity, youll also need enough funds to cover the cost of the following:

  • Setting up your business
  • Moving, if applicable
  • Independent advice from a franchise solicitor

So, if you think you could be the perfect franchisee for Nicholas Humphreys Estate Agents, request its Franchise Opportunities Brochure to find out more.

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