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A letting franchise is a famous business system in which a successful property management business model is made available for entrepreneurs to purchase and run an existing well established business. In this business system, a reputable estate agency gives another business the rights to access its services and to operate under its reputable brand name. Property management and letting franchise is one of the ideal opportunities for professionals to enter the property management business - especially those with limited previous experience or local property contacts. How Does a Letting Franchise Work? A lettings franchise basically describes a relationship between two parties – property management agency (franchisor) and an entrepreneur (franchisee). It provides an array of benefits to both the franchisee and franchisor. A franchisor can expand his business while collecting fee income from the franchisee. On the other hand, a franchisee has the benefit of starting a business with a proven model and name. When a franchise agreement is made, certain terms are laid out. Some of the most important factors that may be determined by the franchise agreement include: - Business Plan
- Operational Standards and Manual
- Marketing and Advertising
- Products and Service Delivery
- Vendor Agreements
- Access to Vendor Accounts
- Ongoing Training and Staffing
- Proven Programmes and Systems
What are the Major Advantages? Starting a property management business under a well established estate agency can offer you great advantages. As a franchisee you will have a brand-name company with a good reputation in the market that gives patrons a strong feeling of trust and comfort in working with you. The franchisers get the opportunity to market their products or services in new markets with their own self-managed branches under their brand name, as well as the opportunity to earn some money from licenses. The clients, on the other hand, have products and services brought nearer to them. How to Get a Letting Franchise? Now-a-days you can find several ways to get started in property franchising. However, before getting into the estate business, investigate as many available letting franchises as possible and then determines which franchise is right for you. It is best to interview lettings franchise owners directly. Take the time to explore your options for your new business should be done outside the corporate world franchise that you enter to get your new business started. So take your proper time and gather all the important information you need to make your decision. With an increase in popularity, lettings franchises are becoming a favourite of many franchisees in UK, because of their low start-up costs and great return on investment. So now turn your passion for property management into a business you'll love! Contact us today or visit at www.redstones.co.uk to receive more information about the letting franchise opportunity in UK. About Author The article describes all about the advantages of opening lettings franchise in your locality, and it is written by one of the letting agents who have been associated with the well established for a long time now.
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