Engel & Völkers Franchise > Blog > Self-employed in the real estate franchise: start-up or takeover?

Self-employed in the real estate franchise: start-up or takeover?

The experience of the past 20 years shows how effectively the concept of franchising can be used in the real estate industry - the international success of the Engel & Völkers brand with over 800 branches and annual sales increases speaks for itself. You too have the opportunity to join our  renowned franchise network as an independent real estate agent and operate your own distinctive Engel & Völkers real estate shop.

There are two different entry options: Decide on a complete start-up in one of our free license areas or purchase an existing franchisee license that is available for sale. Both options have different advantages for your future career - find out here which variant turns out to be the most suitable in your individual situation!

All the freedom of our franchise partnership with an Engel & Völkers start-up

Our offer for new Engel & Völkers franchisees who decide to set up a real estate office is based on an extensive selection of free license areas throughout Europe. Each of these locations has unique characteristics and, in a franchise partnership with us, guarantees you the exclusive rights of use there for our brand, our corporate identity and our system platform. With a licensed start-up as Engel & Völkers real estate agent, you benefit from the maximum freedom of design for your new company: In addition to the location selection, you have the option of putting together the specific property and your team of real estate agents and assistants yourself, as well as setting up the real estate shop as part of our CI within a given framework. You create a completely new company and coordinate its growth from day of foundation to long-term scaling, while you experience how the numerous advantages of our franchise offer have a positive effect on the development process. You should opt for this variant of starting a franchise if you attach particular importance to the individual freedom of design of your career, have a concrete business idea for a specific, a free license area and have enough time allotments to expand the company in all its facets to realize.

- Real estate agents at Engel & Völkers are characterized by professional competence and analytical calculation

What does the takeover of an existing Engel & Völkers license area mean for you?

In some cases, as an alternative to founding a new company, it is possible to take over the management of an already established real estate shop. This opportunity arises, for example, when the former franchisee at this location retires or turns to a different career path and would like to sell his company in this context. By purchasing such a franchise company, you can immediately get into the ongoing real estate brokerage and do not have to worry about its design, as this has already been implemented by your predecessor. In this way, you do not have to invest any additional time in such measures and can start your real estate brokerage immediately. In addition to brand awareness, your real estate shop also has a local reputation that has built up on the site due to the fact that your predecessor may have been active in the estate for many years. The contacts and relationships you have created this way can also be used effectively for successful brokerage.

Since the availability of ready-to-take-over real estate shops is not subject to regularity and is therefore not predictable, this is a short-term but promising variant of entering the Engel & Völkers franchise family as an independent real estate agent. If, for example, all license areas near your place of residence have already been taken and you do not want to accept a move for your career planning, taking over an existing real estate shop can ensure that you still get an opportunity for a franchise partnership with Engel & Völkers.

Which model turns out to be the cheaper one is also a question of the individual initial situation: How high are the investment costs for a new company? What sales price does the previous franchisee want to achieve when they take over their real estate shop? What is the size of the market entry?

To find answers to all these questions, the Engel & Völkers expansion team will be happy to provide you with a comprehensive informational discussion. We present the best options for a franchise partnership in your planned location radius and advise you in a targeted manner on all other matters of the real estate franchise. If you would like to get an overview of our free license areas across Europe, click this link. To arrange an individual consultation with one of our franchise experts, please send us an email or give us a call. We look forward to meeting you!

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Engel & Völkers
  • Vancouverstraße 2a
    20457 Hamburg
  • Fax: +49(0)40 36 13 12 22

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Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.

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