Celebrating 15 years in business
This year the UK’s leading property franchise Northwood will be celebrating 15 years of business. In it’s decade and a half of operation Northwood has seen its proud network of franchises expand consistently and steadily and now totals 70 offices across the country.
The lettings market continues to grow with even more accidental landlords entering the market, not to mention the
400,000 rented homes currently without a letting agent. Property is still at the core of most people’s future
investment plans and accounts for at least part or all of their retirement funds.
The sales market, in the doldrums since 2008, is also set to bounce back in 2011–2012 as more and more lenders re-enter the market and Northwood franchisees are ideally placed to take advantage of this growth. Franchisees who opened in 2008 have recorded first year gross profits in excess of £100,000. To ensure franchises have the best opportunity to capture a significant proportion of that growing market, Northwood provides all the support required for a franchisee’s success. This includes a comprehensive six-week training programme, the turn key supply of all furniture, IT systems and branded signage and stationery. Northwood supports its franchisees every step of the way from supplying quality marketing literature to giving ongoing guidance and support and even helping to find the right premises in which to open and recruiting the right people.
BUT IT’S NOT JUST PROFITS AND INCOMES THAT ARE IMPORTANT AT NORTHWOOD BUT ALSO THE QUALITY OF LIFE OF IT’S FRANCHISEES, WHICH IS WHY THE PROFITS OF A FRANCHISE MUST BE BALANCED WITH THE TIME INVESTED TO ACHIEVE THOSE REWARDS.
Many of the Northwood franchisees have little or no background in the property sector but all share the same passion to run a profitable business and manage a highly skilled and motivated team – a motivation that Northwood is able to channel into running a successful business.
“We are very proud of what we have achieved but we could not have done it without the help, training and support of the Franchise Team. We have now opened a second Office and we are major players in our market place.”
Martin Bradbury - Warminster Franchisee
Husband and Wife team Steve and Debra Swann opened in 2006. Steve was formerly a Marketing Director of a Pottery Company. “The model is easy to follow and the training exceptionally thorough. That is why we bought a Franchise so that we didn’t have to develop a business model ourselves.”
Steve and Debra Swann - Stoke Franchisees