New Franchising Blog
How to write a franchise business plan
Once an agreement is made to progress a potential franchisee’s application, all franchisors will ask for a detailed business plan and cashflow forecast. Winkworth asks for a three-year business plan and financial forecast and the new franchising team can assist where possible with templates and guidance on how to complete these.
November 28, 2018
Winkworth Bath – under new management
The Winkworth Bath office has just been sold to new franchisees and partners Matthew Leonard and Lucy McIlroy, who have more than 40 years of combined estate agency experience in and around the Bath area.
November 19, 2018
Winkworth’s mini-guide to franchising
Franchised businesses have been prominent in the UK since the late 1970’s, however if you haven’t worked in the franchise industry before the model can be slightly confusing. Read Winkworth’s mini-guide to franchising below for a crash course on what to expect.
November 19, 2018
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.
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.
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.
October 26, 2018
The changing face of franchising
For many years franchising was the business world’s best kept secret. In the 70’s franchising in the UK slowed dramatically, partly due to Pyramid schemes claiming to be franchises and tarnishing the reputation of the model.
October 15, 2018
Winkworth attracts the next generation of franchisees
Over the last few years the new franchising team at Winkworth have seen an influx in enquiries from the millennial generation about joining the network.
October 08, 2018
Could you be a franchisee?
Franchising can be a very appealing option when looking to start or expand and develop a business. It isn’t however for everyone, so before you look to go down this route it’s important to understand franchising and identify whether it’s a good fit for you.
October 01, 2018
Winkworth opens a new office in Northampton
Last month local businessman and new franchisee Sunny Kooner opened the doors to the latest Winkworth office to join the network in Northampton.
September 24, 2018
Winkworth releases H1 interim results
Last week Winkworth announced robust interim results for the six months ended 30 June 2018 with revenues and profit before taxation up, and four new offices opened.
September 18, 2018
Winkworth works with HSBC to provide franchisees’ funding
For several years now Winkworth have been working with HSBC’s dedicated Franchising Team to offer funding and advice for both the existing and new Winkworth franchisees.
September 13, 2018