If you are looking for a franchise with an established track record for producing successful franchisees, then you need look no further than Northwood! Northwood is an established Letting & Estate Agency Franchise brand with a high performing, retail based, business model.
For over 21 years, Northwood Franchisees have been delivering an unrivalled sales and letting service to home buyers, sellers, landlords and tenants. The market leading property management service for landlords includes our unique ‘Guaranteed Rent’ service. The service allows our Franchisees to launch their Northwood business with a clear Unique Selling Point and creates an edge over the competition.
No experience in property management is necessary to become a Northwood franchisee.
Northwood is a Full member of the British Franchise Association.
How much does a Northwood franchise cost?
The investment for a new franchise varies, depending on factors such as location, premises, staff and of course your own salary drawings.
You’ll need to have £45,000 – £50,000 of your own money to invest with up to 70% being available via bank funding to finance the balance needed to launch a business of this type.
Want to stand out in a crowded market place?
Then read on to discover why Northwood is not just another estate agency franchise
There has never been a better time to enter the property industry – residential house prices sales are up year on year, and the private rental sector is expected to continue growing as “generation rent” becomes the norm. But with so many estate and letting agency franchises to choose from, how do you know which is best for you.
…It’s easy. Go for the one that offers something different, something that makes them stand out from the competition.
Of course Northwood provide all the normal estate agency services of sales, lettings and property management but what sets us apart from our competition is our “Guaranteed Rent” service.
Whilst guaranteeing the landlord a set rent each and every month, we let the property to a sub-tenant at the (higher) market rate. The difference between the two is our income. The success of the formula lies in our ability to select the right properties that can be let quickly to the right tenants who will reliably pay the rent. As a business model Guaranteed Rent provides margins of up to three times that compared to other agents..
Through our network of 87 offices UK wide, we currently provide over 20,000 landlords which means that our franchisees can earn double that of our closest competitors thanks to the higher commissions earned. .
We’re looking for high flyers: ideally people who know their local area well, can raise the investment required and follow our successful model which has been proven over 20 years.
What are the other benefits of being a Northwood franchisee?
Having been established for 21 years we know what’s required to be successful both in terms of profits but also in order to achieve a work-life balance. Key benefits of a Northwood franchise include:
- A market-leading product with our Guaranteed Rent service – earn double with our lettings franchise when compared to a traditional lettings agent
- Strong branding across more than 87 lettings and estate agency offices nationwide
- Industry-leading training with professional qualifications
- Sensible office hours
- Professional and tailored lettings and estate agency support from a qualified and experienced team
- Marketing, IT, legal and accounting support available online and over the phone
- A large, exclusive territory with a five-year renewable licence
- FULL member of the British Franchise Association
Our training and support
A new franchisee can expect 5 weeks training followed up with ongoing development available online, in field or at one of our two training centres. The training isn’t just for the benefit of the franchisees – we offer a comprehensive array of free training courses to your staff, who can even go on to earn a Level 4 BTEC Diploma in Residential Lettings and Management.
In terms of marketing support, Northwood franchisees benefit from significant national marketing spend which in the last year has included TV advertising radio, online & email.
What we look for in a franchisee
Given over 87% of our franchisees joined Northwood with no background in property, we are far more focused on finding the right type of person.
The ideal person will be someone with enthusiasm and energy to get the job done and a desire to build a professional, profitable business. Ultimately we believe that successful franchising is all about the right combination of people and relationships.
If you think you have what it to takes to be a successful Northwood franchisee, then please fill in the form below to download our franchise prospectus and find out more about this exciting opportunity.