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

Succession plans

There comes a time in everyone's lives where naturally you begin to think about retirement.

The Winkworth franchise agreements run for a period of ten years so occasionally after a decade or so we see a small percentage of franchisees looking to sell up or retire. Our franchisees give everything they’ve got to their businesses however sometimes once their children have grown up, the lure of worldwide travel or a more leisurely lifestyle takes their fancy, and they look to move on.

At Winkworth we invest in people. Not only at the franchisor office but in each office throughout the network. Over the years we have seen a lot of franchisees look to sell to their current sales or lettings managers. This normally happens over set timescales and is target driven.

Normal procedure of a succession plan for a manager of an office is for 5-10% shares to be sold to them initially. Over a period of normally five years a further 35-40% shares can be sold to said manager.

This is purely a guideline set of Heads of Terms and varies hugely across the network. However the idea of selling to managers remains a common one in Winkworth offices. Offering shares to purchase is a great motivator for the right staff member and more often than not they will invest in the business as much as you do.

Currently circa. 10 offices throughout the Winkworth network are part owned by existing managers.

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

James Campbell | Gina Piper | 0207 355 0200

Related posts

Winkworth Exclusive Territories - what you need to know

'Exclusive territory' is often a misunderstood term. Many franchisors in the estate agency sector offer or grant an exclusive licence for just a town that an office is in, whilst the surrounding villages are excluded. To obtain further areas of exclusivity, these franchisors require the franchisee to purchase additional licences.

Read post

March 16, 2018

Winkworth Canterbury - under new management

Read post

March 09, 2018

Winkworth celebrates its female franchisees this International Women's Day

With the annual International Women's Day celebrations taking place on Thursday 8th March, in a year that has been dubbed 'the Year of the Woman' and a year that celebrates 100 years since women first won the right to vote, national estate agency franchise Winkworth is celebrating the achievements of its female franchisees and senior management.

Read post

March 07, 2018

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?