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Comparison between a
Letting Agency Franchise (Property Management Franchise)
and the Southcourt Complete Business Package  | |
“... and had been contemplating starting my own letting and management agency for some time. It didn’t take long to discover that taking the franchise route would prove not only very costly, but also curtail some of the independence that one takes for granted when starting their own business. Your Business Package certainly takes care of these drawbacks. Not only have you provided a product which is absolute value for money, you have also given us new starters an edge in the industry - all for a fraction of the price one would have to pay for a franchise.”
Mr M Merchant More testimonials...
Cost -
Lettings Franchise or Property Management Franchise
In the UK in 2008 such a franchise will cost you on average between £15,000 and £35,000. We consider this cost to be exorbitant and totally unrelated to any perceived benefits offered. This high entry cost also excludes those wishing to set up a letting agency on a part-time basis, or as an add-on to an existing business.
The Southcourt Complete Business Package
Our Complete Business Package is a fraction of the cost of a lettings franchise. You should recoup your outlay with your first two customers. You can operate part-time or full-time depending on your circumstances and requirements.
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Independence -
Letting Agent Franchise or Property Management Franchise
You will have no independence with a franchise. You will feel more like a manager than an owner. You will be restricted by set rules, with little chance to vary or develop your business.
The Southcourt Complete Business Package
Unlike a lettings franchise or a property management franchise, it's entirely up to you to decide how much time you wish to devote to the business, and how you wish to run it - you're in complete control.
Ongoing payments -
Lettings Agency Franchise or Property Management Franchise
With a franchise you will be obliged to pay a monthly commission on your turnover usually around 10%, this figure increasing as your business grows.
The Southcourt Complete Business Package
Unlike a letting agency franchise or a property management franchise, you keep all your earnings, and pay us no further charges whatsoever.
Here are some more disadvantages of franchises:
www.allbusiness.com
You'll find links to a couple of the major Lettings Franchises / Letting Agency Franchises / Property Management Franchise here
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Summary of benefits of the Southcourt Letting Agency Complete Business Package
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Can be run part-time or full-time depending on your circumstances - unlike an expensive franchise, it’s entirely up to you to decide how much time you wish to devote to the business - you’re in complete control.
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No special premises and no staff necessary - the business is ideally suited for one person to run from the comfort and convenience of their own home, thus avoiding the considerable overheads involved in leasing commercial premises.
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Rapid start-up and immediate cash-flow - if you follow our advice you can be up and running in a couple of weeks, and unlike most other businesses, you do not suffer from cash-flow problems, because you retain your fees at source - we show you how.
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No previous business experience or qualifications necessary - all the necessary know-how is included in our Training/Operating Manual, and all documentation is provided. Our Telephone Support Line ensures that experienced advice is just a phone call away if required.
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Excellent earning potential - you can realistically build to an income in excess of several £1,000’s a month within the first year.
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Complete independence - unlike a franchisee, you’ll trade under your own chosen name, and have complete control over your business. You retain 100% of your profits, regardless of how much you earn.
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A well established and growing market - no five minute wonder this - the rental market is growing year on year, with many factors having a positive effect on both supply and demand.
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No selling involved - no need to be a salesperson, you’re dealing only with people who need your service.
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Reliable income even when you’re on holiday or otherwise engaged - commissions from managed properties come in automatically every month, your income increasing with each property added.
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A professional service with a respectable image - residential property management is now seen as a specialised and essential service within the property sector.
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A valuable business to sell - if you decide to sell your business it will command a healthy price. The going rate is about 90% of annual turnover, i.e. a 100 properties business (say £100k t/o) should fetch around £90,000.
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Whether you are seeking a new full time career opening which will provide a skill for life and financial independence for yourself and your family, or simply wish to supplement your present income, this business can deliver the results you seek.
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Comparison with Letting Agency Franchise |
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| Comprehensive Package includes: |  | Letting Agency Software (no monthly fees) |  | Choice of Websites & low cost Hosting |  | Ongoing Telephone & Email Support |
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