UK - Point Five Estate Agents franchise opportunity

 UK - Point Five Estate Agents franchise opportunity

Is Now a Good Time to be an Estate Agent

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Press release date: 28-May-2008

Using our model, it appears to be a resounding YES!

We have had many comments from prospective franchisees about whether now is a good time to start an Estate agency business and about how our business is doing in the current market conditions.

We have just completed the first 12 months in the company owned operation and the results are very encouraging. However, there are two factors to consider, one local and one national:

1/ Against a background of a property market where transactions have reduced significantly over the last year, we have achieved a total of 38 completions, compared with our forecast of 40 - We feel that this validates our innovative business model which has been very well received by vendors and purchasers alike. - Our competitive fee structure has been extremely popular, demonstrated by us achieving 121 instructions from 181 valuations completed.

2/ In our local market (Isle of Wight), there are 75 Estate Agents listed on Rightmove, the largest property portal, for just 64,064 homes. - An average of 854 homes per agent - Most areas of the UK have a much lower concentration of Estate Agents. For example: The SM postcode area (Sutton) has 27 agents listed on Rightmove covering 88,254 homes. - An average of 3,268 homes per agent.

In an area with an extremely high number of agents, Point Five has achieved a very good market share in year 1.

Summary:
  • Vendors are enthusiastically adopting the Point Five Estate Agents offer
  • Our market share is growing monthly
  • Traditional estate agents are cutting back or closing, Point Five Estate Agents are growing
  • Our business model is doing well in very difficult market conditions and will grow significantly when it picks up.
STOP PRESS:
We are ready to launch our innovative lettings module which will initially be included at no extra cost within our franchise package.

We will invest in your success: As the banks are tightening their lending criteria, so we are prepared to help you fund your new business. We will defer £5,000 of your franchise fee for 2 years, interest free, if you reserve your territory before 30th June 2008.

To receive further details from the Point Five Estate Agents franchise opportunity, please fill in your details below.

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UK - Point Five Estate Agents franchise opportunity


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