Frequently asked questions

Estate agency franchise opportunity – most common asked questions

What is an Open House Personal Estate Agency Franchise?

Operating from home, small office or existing workplace, an Open House ‘personal estate agent’ will ‘work’ a set territory that surrounds their chosen area.

Do I need any previous experience or qualifications?

Although previous property experience is preferred, it’s not essential. We are firm believers in recruiting the ‘best people’, not just the ‘best existing estate agents’, and because full training is provided, no previous experience is necessary.

However, operators must have the entrepreneurial skill to run their own business and be prepared to work hard to self-generate business in order to reap the numerous lifestyle and financial rewards.

How much can I expect to earn?

The most important variable in this is you. However, successful personal agents on target earnings should be in excess of £50,000 within the first year of trading and up to £90,000 in subsequent years.

We always advise prospective franchisees to produce their own cash flow forecasts based on their own capabilities and circumstances – we are more than happy to assist you with this process.

How much does it cost to set up an Open House estate agency franchise?

With low start up costs and the ongoing benefit of our group buying power, it’s low risk and affordable.

• One-off franchise fee of £5,995 + Vat
• Other set-up costs – £500 to £900 + Vat

How soon can I get up and running?

It usually takes 4 – 6 weeks for you to start trading from signing your franchise agreement.

What should I do next?

If you like what you see and feel that you could make a real go of setting up an Open House estate agency franchise, then apply for an interview, or give one of advisers a call on 08444 100 333.