Today, the entry into a franchise system, thanks to the adoption of tried-and-tested structures and greatly improved sales opportunities in the real estate industry, is considered the ideal way to start a new business:
Once you've made the decision to take the next step in your real estate brokerage path by becoming self-employed and starting a franchise partnership, there are a number of preparatory steps before you can finally start your own business. This also means that there is a certain amount of time that must be bridged before your real estate office opens. The duration of this depends on the design and efficiency of this planning phase: Franchisor Engel & Völkers describes the essential steps for you in this article so that you can estimate which stage of preparation you are currently in and the time span until the final foundation is to be expected. Learn more!
One of the first and at the same time most important steps in preparing your new career in franchising is to identify and select the right franchisor: There is also a certain range of offers in the real estate broker industry - here you should first gather all relevant information from different franchisors in order to compare them to be able to determine which offer is best suited for your license foundation. Here you should check which franchises are available in the region of your choice, which range of services the different offers include (at what conditions) and which entry requirements for a franchise partnership must be met. Data on the range and economic success of franchisors is also a helpful indicator of how much you can benefit from the adaptation of the respective system. Trade fairs, contact with existing franchisees, franchise associations and of course the websites of the respective franchisors can serve as a source of information. With over 800 locations worldwide, annual sales records of around 820 million euros (status: 2019) and an innovative, high-performance system platform, Engel & Völkers as a franchisor offers you first-class conditions for starting a successful, independent career with the establishment of a real estate shop . Our free license areas all over Europe ensure that we can also offer you our attractive franchise offer in your area, granting you exclusive brand rights. If you would like more information about our range of services, we look forward to giving you personal advice soon!
Parallel with the selection of the right real estate franchise system, conceptual preparation also counts towards the necessary steps for setting up a company, which also requires a certain lead time: First of all, the development of a well-thought-out and future-proof business plan that contains all relevant components of your business model has to be considered. Adequate capital requirements planning, the strategic determination of your future location, the calculation of different profitability scenarios and a sophisticated marketing concept based on your franchise partnership are essential components. In this context, deal with your lawyer and your tax advisor, among other things, in order to clarify possible ambiguities and questions in advance and to ensure the greatest possible planning security for your new real estate agency as a franchisor. In this context, the raising of capital in the run-up to the start-up also plays an important role: You have to decide which parts of your new real estate brokerage franchise company you want to finance from equity and which parts from debt capital. Here it can be worthwhile to think about alternative forms of financing such as crowdfunding or interest payment loans in addition to the usual annuity loans.
Once the essential components of your planning have been completed, you can go into the contract negotiation with the franchisor of your choice and then soon open your own high-turnover real estate shop.
Depending on how far you have progressed in the preparation of your franchise partnership described above, the remaining time until the opening of your real estate shop can also be assessed. For the entire planning phase, you should plan a generous time window of up to 12 months so that you can make all of your decisions without pressure and on a well-founded information basis. As the franchisor of your choice, Engel & Völkers will be happy to assist you at any time as a contact for everything related to real estate brokerage. Please contact us at +49 (0) 40 36 13 10 - we look forward to hearing from you!
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