Do I need any special qualifications or previous experience?
Do I need to buy / lease office premises?
Can I work part time?
How much money can I make?
How long will it take to get started?
How are fees / commissions collected?
How is the UK property market developing?
I have seen letting agency franchises advertised, how do these
compare to your package?
Don’t I need a lot of experience to manage properties and provide a
home search service?
What Advertising and Promotion is included with the business
package?
Do I need to make a large initial capital investment?
What is the recruitment process?
How long is the franchise term?
What territory does it cover?
Can I sell my business?
Can I see a copy of the franchise agreement?
Can I talk to any of the franchisees?
Are you members of the BFA?
Top ^
Do I need any special qualifications or previous experience?
No, this business will suit both males & females. None of our franchisees
have ever run a home search / lettings business before and come from varied
backgrounds but all have great customer service skills. Like many service
businesses, letting agency & home search is about people dealing with
people, so effective communication skills are an advantage. Other than that,
basic administration and IT skills and a commonsense approach is all that you
will require. We provide full training in letting & management to a level 2
BTEC qualification in order to practice and also training in our home search
& acquisition services.
Top ^
Do I need to buy / lease office premises?
No, all our franchise operations must be run from home which means they can
build their business up with low overheads and low capital investment.
Top ^
Can I work part time?
No, you will need to devote full time to your new business, however, working
from home and making your own appointments affords flexibility in your working
pattern. The success of any new business is dependant on time and effort put in
- you will need to develop your business to maximize its potential.
Top ^
How much money can I make?
Your earnings depend on you and your efforts. Each person will have differing
strengths and weaknesses. We provide a comprehensive support structure and
regular quarterly business planning meetings to assist you to maximize the
potential in your territory. We will assist in building a realistic business
plan to reflect your skills and territory.
Top ^
How long will it take to get started?
This will depend on how quickly you absorb the information in the business
package supplied and how much time and effort you put into your business.
Following completion of training, you will be ready to commence trading,
marketing your business and generating fees.
Top ^
How are fees / commissions collected?
The Medics on the Move business model is especially good when it comes to
getting paid. All of your fees and charges are either paid in advance or ‘at
source’, in other words you receive the rent from the tenant, deduct your
commission and then pass the remainder to the landlord, and with home search
services, instruction fees are payable prior to any work being undertaken.
Top ^
How is the UK property market developing?
Put simply, the letting market in the UK is booming and we also help people who
are ‘time poor’ to find a home. More and more people are choosing to invest
their money in property and the availability of buy-to-let mortgages has
brought many new landlords into the market. Likewise, rising house prices have
kept many first time buyers off the property ladder and the demand for rental
properties is at unprecedented levels. People are also working increasingly
long hours and a much more ‘mobile’ workforce creates a demand for rental
property and the need for someone to assist in searching for this when
relocating from one city to another.
Top ^
I have seen letting agency franchises advertised, how do these compare to your
package?
Quite simply, lettings agency franchises only provide ONE source of income,
from letting & management fees. The Medics on the Move business model
provides three income streams;
-
Letting & Management Fees
-
Purchase Home Search Fees
-
Rental Home Search Fees
Top ^
Don’t I need a lot of experience to manage properties and provide a home search
service?
No, we provide all the know-how and inside knowledge to put you streets ahead
of many agents who have been in the business for years. The business manual
that we provide runs through the entire process of letting and managing
property and home search and within a short space of time you will quickly
build on this knowledge with real experience of your own. This way you will be
earning money whilst learning the business.
Top ^
What Advertising and Promotion is included with the business package?
Included in the package is the benefit of our ‘national’ Medics on the Move
advertising and marketing activities which generate enquiries for the network.
We also provide a micro-website as an additional marketing tool to generate further enquiries. We also
provide franchisees with marketing tools to promote their businesses at a local
level.
Top ^
Do I need to make a large initial capital investment?
The complete comprehensive business package is £25,995 + vat. You will need to
demonstrate additional working capital. As with any business you will also need
enough working capital to adequately fund you in the early stages, including an
allowance for ongoing local marketing & promotion. The franchise package
provides you with enough stationery and marketing materials to take you through
your first 6-9 months of operation.
Top ^
What is the recruitment process?
Following completion and submission of an application form, you may be invited
for a 1st stage meeting at head office in Bristol:
1st Stage:
-
Be interviewed
-
Interview Us
-
Learn about the day-to-day running of a Medics on the Move franchise and the
franchise opportunity.
2nd Stage
-
Sign a confidentiality agreement
-
Learn how our fee structure works & we share ‘financial disclosure’ with
you demonstrating income / expenditure.
-
Receive a business planning template
-
Receive a template to undertake competitor analysis in your area and territory
research
-
Discuss territories
-
Discuss the full Medics on the Move support package
3rd Stage
- Presentation of your business plan,
which is reviewed by HQ to ensure it is in
line with our expectations.
-
Speak / meet with existing franchisee(s) within the network.
- Complete a personality profile questionnaire
- Receive a copy of our standard franchise agreement, the presentation delivered & marketing materials.
4th Stage
- Have the franchise agreement reviewed by an independent solicitor.
- Arrange funding
- Agree a time-line to training & launch.
Top ^
The franchise term?
Our franchise opportunities are granted for a 5 year term, with rights of
renewal subject to your franchise having been operated in a satisfactory manner
as set out in the franchise agreement and Operations Manual.
Top ^
The territory
Medics on the Move territories are granted as exclusive territories.
Top ^
Can I sell my business?
Yes. You can sell the franchise at any point with the approval of the
franchisor who will interview the prospective purchaser.
Top ^
Can I see a copy of the franchise agreement?
Yes, once a confidentiality agreement is signed.
Top ^
Can I talk to any of the franchisees?
Yes. A very important stage of the recruitment process is speaking to our
existing network of franchisees.
Top ^
Are you members of the BFA?
Yes. We have been associate members of the BFA since August 2007.