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Property investments are still considered among the safest destinations for your equity capital, despite continued uncertainty throughout the UK economy. In spite of fluctuations in the global economy, the UK property market has remained remarkably resilient in most regions, leaving plenty of scope to build a portfolio or help others find homes. Property and estate agency franchises encompass a wide range of investments and business types, spanning online and offline estate agencies, as well as property maintenance, legal support, and corporate workspace investments.
Sourced Franchise is a unique franchise opportunity in the UK property investment sector. The goal of the business is to help property enthusiasts of all levels achieve their dreams whilst building their own property portfolio. As the largest network of fully compliant specialist property sourcing experts, boasting more than 70 offices throughout the UK, they provide a faster, simpler and more trusted way to invest in property.
Learn more about Sourced Franchise here
In this week's Franchisor Q&A, Sourced Franchise explains why their business is unique, how they are adapting to the COVID-19 crisis, and their plans for the future.
Q1. What makes your franchise standout?
Sourced is the first and only franchise of its kind in the property investment sector in the UK. We have been investing in and developing property for a combined time of more than 75 years and we’ve created Sourced Franchise to enable ambitious individuals to start or grow a property business, based on our tried and tested model that is proven to create sustainable cash flow.
Unlike many property training courses, there is no upsell at Sourced. Once you join, you get unlimited access to a comprehensive training programme, ongoing support, access to 100% funding for your own property projects, property and investor leads and so much more.
Whether you’re an experienced property investor looking for a new challenge or you’re seeking a complete career change, Sourced will provide you with all the essential resources you need to be successful in this exciting industry.
Q2. Why is it worth investing in your brand?
We have decided to share our successful business model through the franchise structure, because we believe it happens to be the best way of ensuring your success.
Each Franchisee is considered a valuable asset to our network. We are passionate about ensuring they meet and exceed their business goals in the most profitable ways possible. When you join Sourced, we embark on the property journey with you, providing training, ongoing support, funding, investor leads, joint venture opportunities, to name a few. We are with you every step of the way, helping you to avoid pitfalls and assisting you on your journey to financial freedom.
Q3. How is your franchise adapting to the current COVID-19 crisis?
At Sourced, we are programmed at spotting opportunities. The property market has suddenly been transformed from a seller’s to buyer’s market, making it significantly easier to find discounted investment opportunities. As such, Sourced Franchisees are continuing to identify investment opportunities, which they either package and sell to cash-buying investors from our database or they wish to raise funds for on our Peer to Peer Lending Platform, Sourced Capital.
Despite the current situation, the Head Office are continuing to provide support to our Franchisees, making sure there is as little disruption to their businesses as possible.
Q4. What extra support and assistance are you offering your franchisees during this time?
To assist Franchisees whose cash flow has been affected, we have introduced reduced Franchise fees during the pandemic. We have also been working on additional learning materials, video courses and have hosted numerous webinars and online meetings, all to make sure the network is preparing for the market upturn, while taking advantage of the opportunities currently available on the market.
The property industry goes through a continuous cycle and to remain afloat, it is crucial to understand this and to know what strategies will work best during different market conditions.
Q5. What plans do you have for the franchise over the next few years?
Sourced have developed a franchise package that provides you with the resources necessary to grow a profitable property business, however, we don’t plan on stopping there.
Our long-term goal is to create our own REIT (Real Estate Investment Trust). It would take our current process of finding, structuring, funding and selling deals to a whole new level, enabling our Franchisees to progress at an even faster pace. Our aim is to reach 150 Franchisees in the next 12-18 months, allowing us to start implementing the REIT structure.
Q6. What skills are important for your franchisees to have?
Although this may sound cliché, it genuinely is true: all you need is hunger for success, passion for property and determination. Whether you’re a lifelong landlord looking to diversify your portfolio or you’ve always been aware of how lucrative property can be but don’t know where to start, Sourced can provide you with all the resources you need.
Learn more about the Sourced Franchise opportunity here.