Winkworth network." />
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

Top 5 tips for new franchisees

Winkworth New Franchising Executive James Campbell saw steady growth in Winkworth offices last year. He envisages a similar growth rate in 2018, and here gives his top tips to potential franchisees looking to join the Winkworth network.

  1. Research your local area and market
    'At Winkworth we really look for potential franchisees who not only have experience within the industry, but also really know the area they are going to be operating in. As a family owned business, we think it's important to play an active role in the local community.'

  2. Plan ahead
    'There can be unexpected hurdles when setting up a new business, such as finding the most suitable premises, lead times on internet, telephone lines and furniture, as well as recruitment and marketing. All of the departments in Head office can help guide on these lead times so its vital to have open communication throughout the process - we're all here to help.'

  3. Know your competition
    'We ask all on-boarding franchisees to complete a five year business plan. There is a section included which prompts a SWOT (Strengths/Weaknesses/Opportunities/Threats) analysis of local competitors. It's important to understand what the other brands are doing well and what they could be doing better - these are the points to learn from and use to your advantage.'

  4. Lettings is key
    'Winkworth is very nearly a 50/50 business now in terms of sales and lettings generated across the network. If your experience is more with sales, make sure you employ, or let us help you recruit, the right lettings manager. Lettings provides a quicker cash flow for your new business.'

  5. Outsource
    'Setting up any business is hard work and takes a lot of time and effort. For new businesses with lower staffing levels, we suggest using qualified third parties to take care of the important, yet time-consuming day to day tasks like client accounting, property management and IT support. Winkworth can help suggest preferred suppliers for all of these.'

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 Franchising Resale Opportunities

As well as opening approximately seven new franchised offices a year, Winkworth also sell between four and six a year to new franchisees.

Read post

November 13, 2018

Winkworth’s Digital Infrastructure

Statistics in August 2018 showed that 87% of people begin their product searches online, up from 71% last year (i), and at Winkworth this is no different.

Read post

November 08, 2018

The benefit of economies of scale in franchising

Any large business or organisation provides built-in economies of scale – and franchising is no different. Economies of scale are both an important factor and a benefit to take into consideration when deciding whether to join a franchise business or rather open as an independent.

Read post

October 26, 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?