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frequently asked questions
Q. Why has Countrywide set up an estate agency franchise?
A.
Countrywide is ambitious and is looking to grow its share of the estate agency market by joining forces with highly motivated business professionals and entrepreneurs. It has adopted franchising as a growth vehicle to increase the distribution of its products and services through new estate agency outlets. Please note, however, that Countrywide is not franchising its own network of branches. Q. Who are Bairstow Eves offering franchises to?
A.
Estate agency franchises are being offered to: Q. Will I be running my own estate agency business?
A.
Yes, as an independent owner and operator under the Bairstow Eves brand, you will have freedom to run and develop your own branch of Bairstow Eves, based on the systems, standards and procedures that have made us so successful to date. With these solid foundations in place, your own flair, entrepreneurial skills, energy and commitment can be used to reap the full benefit of the franchise opportunity. How this works in practice will be made clear to you under a Confidentiality Agreement that will be provided before you contract to take a franchise. Q. What are the criteria for the selection of the franchisees?
A.
Bairstow Eves Franchising is looking to recruit estate agents and/or experienced business people with a good local reputation and a professional yet entrepreneurial approach to become franchisees. Whether you are already running an established business or looking for an exciting start-up opportunity, you should be ambitious and energetic with pride and commitment to service quality. Q. What exactly is a franchise?
A.
A franchise is the licence to use a business system and its brand identity - its operating procedures, marketing methods, sales techniques, advertising, training programmes, support framework and the numerous elements which form an integral part of what sets a particular business system and brand apart from its competitors. The franchisee's own flair, entrepreneurial skill, energy and commitment are then applied to reap the full benefit of the franchise. Q. Is Bairstow Eves Franchising a member of the British Franchise Association (the bfa)?
A.
Bairstow Eves Franchising as part of Countrywide Franchising Limited is a full member of the British Franchise Association (bfa)and has been since 2004. Q. Is membership of the OEA (Ombudsman for estate agents) mandatory?
A.
Bairstow Eves franchisees are required to join and comply with the Ombudsman scheme. The code of practice has achieved the approval of the Office of Fair Trading under its Consumer Codes and Approval Scheme and is mandatory for all OEA members offering estate agency services. Such members must display the official logo and make copies of the consumer guide available to members of the public. Q. How long does the franchise last?
A.
The initial ten year franchise term is offered as a five year contract, with the franchisee having an option to renew for a further five years at no extra cost. Subsequent terms will be by negotiation. Please note that Bairstow Eves is not franchising its own network of existing branches. Q. Will I be able to develop more than one branch?
A.
Yes, franchisees can grow organically by developing individual branches ideally adjacent to one another. Alternatively franchisees may apply to be area franchise developers, known as “Core Franchisees”, and are offered a group of locations and a longer franchise term. Further information is available upon request from your Network Development Manager. Q. What does a franchise cost?
A.
In order to provide our Franchisees with the first-class training that they will need to achieve their goals, not to mention access to our industry-leading sales techniques, operating procedures, marketing and support network, we charge a one-off franchisee set up fee of £15,000 + VAT, which is payable at the signing of the franchise agreement (following a successful franchise application process). Q. Does the franchise have a territorial limit?
A.
We do not seek to set contractual geographical boundaries for our franchisees. Ambitious and entrepreneurial franchisees should be allowed to extend their operation as far as their energy, skills and reputation can take them. If franchisees wish to develop their business beyond their current sphere of influence by opening another branch, this will involve applying for a further franchise. We do, however, seek to establish sensible boundaries between adjacent Bairstow Eves branches for day-to-day operating and referral purposes, based on natural markets. Q. Is a franchise Operations Manual provided?
A.
Yes, an extensive Operations Manual forms the core of the Bairstow Eves Franchise system. The bulk of the benefits of the franchise are derived from the tried, tested and proven methods set out in detail within the Manual. Q. Will franchisees and branch teams be given training?
A.
The ability to develop both management and staff is a critical part of the franchise proposition, so training will be a key aspect of the support that we will provide. Our high-impact, interactive training programmes will play a vital role in unlocking the potential of your staff and maximising the real value of your business plan. Full details of our training programmes for Franchisees are available on application. Q. Is bank funding available?
A.
Yes, we have established links with several leading UK clearing banks in order to develop business development packages for our franchisees, subject to the banks' usual criteria for approval. Please ask a member of the Network Development team for further information. Q. How will financial services operate in my business?
A.
Initially you/your firm will become an Introducer to Countrywide Estate Agents Financial Services through its national call centre or to a nearby intermediary consultant who operates from a neighbouring branch. You/your firm will receive commissions in respect of business concluded by the call centre or nearby mortgage consultant. Q. What kind of ongoing support can franchisees expect?
A.
After successfully becoming a Bairstow Eves Franchisee, your Network Development Manager will assist you in the selection of suitable premises, and will give you guidance on size, location and planning applications for usage and signage. |
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