child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

Expanding your franchise empire

62% of Winkworth offices are owned by franchisees who own multiple offices.

By Gina Piper

62% of Winkworth offices are owned by franchisees who own multiple offices. Only 36 of the Winkworth offices are owned singularly, and one franchisee owns five.

At Winkworth our franchise agreements run for ten years, therefore we see owning a Winkworth franchise as a long term investment, (some of our franchisees have been with us for three decades!)

It’s important to think when coming on board, what your long term plans and goals will be as a Winkworth franchisee. Do you want to expand your empire? If so, at which milestones? We don’t encourage franchisees to expand too quickly in order to protect the cash flow per office; however the 2-3 year mark is normally when franchisees approach us regarding plans to opening additional offices.

There are many ways to expand with Winkworth once your initial office is up and running and making profit. ‘Satellite’ offices are a cost effective way of having a second office within your territory patch, as ancillary fees here are waivered. Identifying neighbouring areas to infiltrate with a second standalone office is also another way, albeit more expensive as you are ‘starting from scratch’ with a cold start office. Purchasing of agencies to then rebrand is a third avenue, a good one - which with a strong pipeline and lettings and management portfolio already in place, will gain you income from day one.

The chart below shows how many offices are owned by our franchisees.

To find out how you can become part of Winkworth contact our New Franchising team

James Campbell | Gina Piper
newbusiness@winkworth.com | 0207 355 0200

Learn more about franchising with articles, tips and advice on taking the next step in franchising: www.winkworth.co.uk/estate-agent-franchise

Related posts

Case study: converting to Winkworth

Franchisee of Winkworth Kingsbury, Ajay Bathija, joined the network by converting his independent estate agency to the brand in February 2017. Below we hear what prompted his decision to join Winkworth and how he has found the journey so far.

Read post

January 22, 2020

Winkworth releases 2019 Trading Update

Winkworth has announced pleasing results in it’s Trading Update released ahead of their 2019 full year results on the Winkworth PLC website. Against a difficult political backdrop, these results cement the resilience of the franchise model.

Read post

January 15, 2020

Winkworth welcomes its first new franchisee of 2020

Winkworth is pleased to welcome its first new franchisee of the year, James Hadley-Clift, to the network. James has recently purchased the sales side of the Winkworth Southbourne office in Bournemouth, which has been established there for almost a decade.

Read post

January 09, 2020

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?