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

Thinking of buying into a property franchise?

Here at Winkworth there are three avenues for joining the network as a franchisee:

  1. Cold Start – This is when an individual makes contact, establishes an area and opens up a new Winkworth office from scratch.
  2. Conversion – This is when an independent estate agency contacts the new franchising department and changes the brand to Winkworth whilst continuing to trade.
  3. Resales – This is when an established Winkworth office sells to another individual.

The Winkworth franchise agreements run for a term of 10+10 years so resales happen in cycles. Some franchisees express their wish to sell their businesses after ten years for a more leisurely lifestyle change. They will either look to sell their whole business or a percentage of shares over time.

In 2016 Winkworth sold three offices, two of which were in London. One was sold to a new franchisee, the other was sold internally to an existing franchisee, and the third resale was on the South Coast and sold to an old employee of a Winkworth office in London.

The new franchising team helps the resale process by acting as mediator between buyer and seller to obtain a fair price. With the market being somewhat tricky at the moment, valuations of estate agency businesses are fluctuating, however now is a good time to buy.

The pro’s for going down the purchasing route are that there is already an established business with a pipeline to ease initial cash flow, as well as having the full support from the franchising team throughout the process and afterwards.

Here at Winkworth opportunities to purchase existing offices often become available so why not get in touch?

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

Related posts

Winkworth’s innovative social media advertising with Adfenix

Read post

July 13, 2018

Winkworth’s coastal expansion plan

Winkworth currently has 100 offices in the UK, with 60 in the capital and 40 outside the M25 in the country.

Read post

July 13, 2018

Winkworth New Franchising H1 update

The new franchising team have been very busy in the first half of 2018. Dominic Agace, CEO, comments “We expect 2018 to improve further on what we achieved in 2017, with the continued growth of the Winkworth network. We have some really good people at the helm of each office who are helping to drive the network and brand forward to continued success.”

Read post

June 27, 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?