How much is your franchisee fee and what is included?
The total initial investment in a Redstones franchise is approximately £20,000. This figure includes a franchise fee of £11,995, comprehensive training in all aspects of running the business, equipment, software, marketing support, car livery, your own micro-site and the provision of ‘To Let’ boards. This takes you all the way through to your business launch.
Can you help with funding?
We can refer you to the major franchise banks who we work closely with to assist our franchisees in their funding requirements.
What additional expenditure is necessary?
The only additional expenditure is a vehicle deposit together with working capital. The amount of working capital required depends on your personal situation.
Are there any ongoing fees?
There is a management fee of 8% plus a marketing fee of 2% of your total sales. These ongoing fees are invested back into the support we offer to you as a franchisee. In addition, we invest significantly in the marketing and development of the Redstones brand on a national basis.
What makes you different?
In comparison to other lettings franchises, the investment required for a Redstones franchise is not only competitive but offers reduced running costs (and subsequently higher profits). In contrast to typical lettings agencies, Redstones franchisees can work from an office covering an entire region or area which offers the greatest potential for growth. We consider it to be a more intelligent business model.
Of course, if you are based in a central location which enjoys high footfall levels, it may be worthwhile setting up a high street office. In these cases we offer the option to operate this business model as well.
We pride ourselves in offering our franchisees outstanding value for their investment and a territory comprising around 100,000 households.
How much profit will I make on my franchise?
As a Redstones franchisee, the level of profit you can earn will depend on a variety of factors, such as how efficiently you run your business and the amount of time you spend marketing your services. Earnings are also influenced by local factors such as average rental values in your area and the local competition.
When investing in any franchise, it is essential that you carry out your own due diligence before making a decision.
Can I sell my business at the end of my franchise agreement?
Yes, you can either renew or sell your business at the end of your franchise agreement with Redstones. Ultimately, you are building a valuable asset by investing in a Redstones franchise.
If you require further details on any aspects of the above, please don’t hesitate to get in touch. We look forward to hearing from you.