Franchise Opportunities - Questions and Answers

How big is a territory?

Each territory is comprised of a minimum of 50,000 homes.

Is it a dedicated territory?

Yes, it is agreed mutually between our two parties, and no-one can operate within your territory whilst you own it.

How much does a franchise cost?

The initial franchise territory purchased will cost £18,500 and where any subsequent franchise territory is purchased, the franchise fee will be discounted by 15%.

How do I trade?

You need to seek advice from your accountant, but you can either operate as a Sole Trader, Partnership, Limited Liability Partnership or a Limited Company.

Where do I operate from?

There is the option of a field-based franchise to keep costs down or a business based from a shop premise.

Questions and answers

Who pays for local advertising?

You will be responsible for your own advertising costs but we don’t see the need to advertise every week.

What funding support is available?

If you wish to buy a shop, the banks can lend up to 70% of the initial franchise fee and first years costs.

How do I obtain business?

From daily canvassing, networking and customer research using the equipment we provide to you. Also, leads will be generated from the Rightmove portal and the Nicholas Humphreys website. In addition we will share the proven Nicholas Humphreys business generation techniques which we will commence as soon as you become a franchisee.

When do I pay my Franchise Fee?

Upon signing of the franchise agreement and prior to training.

What support does the Franchise team offer?

  • Training – Initial and On-going
  • Business Generational Methods
  • Best Practice Updates
  • Business Development support
  • Market analysis
  • Industry updates
  • Study and Awards programmes
  • Ongoing Dedicated Support at 1 Day Per Month
  • Marketing updates and initiatives
  • Email and Telephone Support
  • Staff Training

What training and support do I receive?

Four weeks workshop and branch based training followed by eight weeks in the field and remote launch support and 1 dedicated support day per month thereafter.

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Full Members of the BFA

Nicholas Humphreys Estate and Lettings Agents are proud to be full members of the British Franchise Association.

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The Nicholas Humphreys Charity Foundation

50% of all money raised by this charity goes to Rainbows and the rest is distributed between other local worthy causes.

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