Category Archives: Property Franchise

Redstones The Property Experts sign

Redstones Dartford Now Launched

Amar’s worked within the Insurance industry in the personal lines sector for 12 years, where he was dealing with Household Insurance. He has just opened the latest Redstones’ franchise in Dartford.

Amar Gill Redstones Dartford

Amar Gill Redstones Dartford

What were you doing immediately before taking up your franchise?
“I had a career change and went into the lettings market, dealing with all different types of properties in the Insurance sector. I always, naturally, had a passion for property so I joined a letting agent.”

How did you discover franchising?
“I’ve personally been looking into franchising for four years and examined all kinds of franchises within the market; Fast food, Insurance Claims, Estate agents and I also have family who have franchises, so obviously I started to look into franchising myself as I could see that the franchise market was going from strength to strength.”

Why did you chose franchising over an employed career?
“I always wanted to be my own boss, leaving school and joining a family business gave me that ‘heads up’ in life. I had school friends who were all employed whilst I was working within a family business which made me less inclined to want to work for anyone.”

“Franchising is the way forward for me as working within a family business I can see the similarities between that and franchising; you become part of a family and grow together.”

Why did you chose this franchise over others that are available?
“I had been researching franchising for a substantial amount of time; it got frustrating at times as not all the franchises were for me. When I found Redstones, as soon as I saw the franchise model and spoke to the franchise manager, I knew this was the right move for me. It ticked all the boxes.”

“My family is not joining me in my franchise so I will be building the business alone at start with, but who knows what the future might bring.”

How did you raise the finances required?
“I was lucky enough to have enough in my savings from my previous jobs.”

How have you found the training and support you received from your franchisor?
“Very helpful and professional, it’s a lot to take it when you first join, but for me just having that peace of mind of knowing that I can pick up the phone and call the team anytime is priceless.”

What challenges have you faced while getting to know your new business?
“Joining the franchise has challenged me to learn new sectors of the property market; for example dealing with sales, accounting and learning the system. These are areas I have never dealt with before but I am enjoying the learning experience and gaining additional skills.”

What ‘highs’ have you experienced in your new business?
“What highs? The whole experience really… learning new roles, meeting new people, being my own boss and joining a well-established company.”

What are your plans for the future?
“I want to grow the franchise along with the team as this is what I want to do until I retire! I am looking to employ staff and expand in different locations.”

What would your advice be to someone thinking of buying a franchise?
“If you have a passion for something but you are not sure how to start the business on your own, franchising is the way forward. Just having people around you that you can learn from while being your own boss is very reassuring.”

Why consider a property management franchise?

In our experience, we’ve found there are many reasons why our franchisees decide to start a property management franchise with Redstones. If you’re looking for a new franchise, here are some reasons you may not have considered:

A robust sector
Despite Brexit and varying economic conditions, overall, the housing and lettings sector remains robust. In factor, in the private rented sector, demand remains high and we have recently seen rapid growth to 15.6%. If this trend continues, home ownership levels would be around 60% by 2025 and private rental well above 20% by 2020. There is a place in the market for high quality estate and lettings agencies, with innovative service, to meet UK housing needs.

Geographical territories
In contrast to many other property franchises, Redstones offers large territories of at least 100,000 households, relatively low set up costs and opportunities to expand.
Earle Kenlay, our franchisee in Hale & Altrincham explains, “The business terms and the size of territory on offer, as well as the subsequent scope of the business were far better than the rest.”

Online marketing and training

The way that people buy, sell and find properties has changed, but not all estate and lettings agencies have moved with the times. Unlike those traditional lettings and estate agencies, Redstones is completely focused on the Internet as a marketing channel. This helps us to stay ahead of our competition.

We embrace marketing techniques such as social media and advertise on all relevant portals and property websites. We also utilise SEO, Pay-Per-Click, 3D floor plans and walk through technology. Furthermore, we’ve introduced online property auctions to Redstones, driving significantly more business.

Our levels of training and support for franchisees are also second to none and have even been highly recommended by franchisees with previous experience of working in property management.

As Richmond Franchisee, Brinder Bains concludes, “When someone tells me they have ‘heard of Redstones’ it is a real boost and affirmation of my decision to join. Redstones has a solid reputation in a tough market for its commitment to customer service and attention to detail. It’s a brand name you can trust.”  

Find out what else our existing franchisees have to say about joining Redstones.

You can call the Redstones team on 01922 235 350 or email us at franchise@redstones.co.uk or visit www.redstonesfranchise.co.uk for further information.

Redstones Management Team

Top 5 reasons to start your franchise business this year

If you’re interested in property and have always wanted the control and freedom of running your own business, is 2017 the year to take the leap?

Here are some great reasons to consider owning your own property franchise:

  1. The power of an established brand

The recognition that an established brand such as Redstones provides gives clients the assurance that they can enjoy an excellent and proven service, regardless of location. This consistency benefits all franchisees in the system.

Our clients are delighted by our innovative services, including Redstones Platinum Total Care, a scheme that ensures the landlord’s rent is paid on the date it is due, regardless of whether the tenant has paid on time.

We also have the ‘Switch Agents’ programme, which makes it simple for landlords to switch their property or property portfolio to you. As a franchisee, you apply these innovative services to your own client base.

  1. Marketing expertise

Marketing should not just be considered an expense. If done right, it will generate all of the clients you will ever need. At Redstones, we have our ‘marketing mix’ just right and we share this expertise with franchisees.

Nowadays, the majority of our business is conducted online. Our marketing techniques include social media, advertising on all relevant portals and a focus on SEO and Pay-Per-Click. Vendors are able to sell their property quickly through 3D floor plans and walk through technology. We’ve also introduced online property auctions to Redstones, driving significantly more business.

  1. Operating experience

Opening a privately owned business is undoubtedly complicated and daunting, especially if running a business is new to you. The comprehensive training programme offered by Redstones helps franchisees learn at their own pace, so that they are in the best position possible to run their own business.

  1. Hands-on training

You will need comprehensive training to run your own property business, even if you have some experience of property management. Our existing franchisees can testify to the high quality of our training.

  1. Growth opportunities

So you’ve successfully set up your franchise business but what about the next step? Our skilled Business Acquisition team help franchisees to flourish by advising them on acquiring existing property companies, property portfolios and letting databases.

For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

Redstones Residential Sales

Property market buoyant as lending booms

In 2016, mortgage lending hit its highest level in 8 years, which can mainly be attributed to low interest rates.

Proving that the property market remains buoyant, the Council of Mortgage Lenders has confirmed that with a lending total of £246m last year, lending has increased by 12% on the total amount lent in 2015. Mortgage approvals for both purchasing property and re-mortgaging rose in December 2016, showing that this trend is likely to continue into 2017. In fact, since 2008, remortgaging has grown year on year by 30%.

Therefore, despite Brexit and higher stamp duty for buy to let investors, many people have clearly been taking advantage of low interest rates to move up the property ladder. However, despite banks being keen to do business, in some areas, there is an ongoing shortage of properties on the market nationally and house price growth is expected to slow.

Manjit Virdi, Managing Director of Redstones explains, “We’ve got off to a very busy start in 2017 across the board, in terms of both property sales and lettings. We have a very high quality supply of properties right now too.”

He continues, “The positive situation with mortgage lending means that this could be the ideal time to buy your first home, move up the property ladder or continue expanding an existing property portfolio. We’re finding that for many people, it makes sense to start the new year by strengthening property investments.”

We offer innovative services in both sales and lettings such as Switch Agent and Redstones Platinum Total Care, which are very popular with our landlords.

Find out more about the great service Redstones has to offer.

Redstones looking to recruit 20 franchisees for 2017

With more people renting rather than buying homes nowadays, the housing market remains buoyant in the UK, making it a fantastic opportunity for potential new business owners.

Our ambitious growth plans mean that Redstones are now pro-actively searching for 20 franchisees for 2017, to take advantage of the geographical territories on offer. In comparison to our competitors, we offer large territories designed to maximise profitability.

Many new franchisees are impressed by our state-of-the art systems, which enable them to run a full service property agency from an office instead of the high street; significantly reducing overheads. We also pro-actively train new franchisees and support them with marketing and gaining new clients. Our SEO strategy and focus on pay-per-click means that we have developed a massive online presence.

Many other service benefits set us apart from the rest and mean that you can be proud to advocate Redstones to your clients as a franchisee. These benefits include:

  • The very latest 3D floor plans and walk through technology to help vendors sell their property as quickly as possible
  • An online property auction service with 0% commission to attract more sellers
  • Great value and flexibility for landlords through our Redstones Platinum Total Care service
  • The innovative Switch Agent programme to ensure you attract more landlords to your business!

If you like the sound of our great business practices and feel ready to take charge of your career as a franchisee, discover more about the special opportunity on offer.

With low-cost start-up fees, we’re keen to get the best talent on board, whether you’re an existing property professional or have the relevant skills to succeed in the property market.

So, if you’re ready to face the challenges, thrills, satisfactions and great financial rewards a Redstones franchise can offer you in 2017, don’t hesitate to find out more.

Become one of 20 valued Redstones franchisees in 2017.

 

redstones epc

Landlords – be aware of energy efficiency changes

The Energy Efficiency of Private Rented Property in England and Wales Regulations 2015 has introduced several measures that have started to take effect.

In the UK, there are still plenty of naturally inefficient properties. An estimated 343,000 private rented properties have an EPC rating of F or G and there will be a ban on granting new tenancies for any properties with these ratings. This takes effect from April 2018.

This measure will apply to all existing or new tenancies by April 2020 and failure to comply could lead to a fixed penalty of up to £5000.

Manjit Virdi, Redstones’ Managing Director advises, “If you have an F or G rated property, start assessing any potential improvement plans as soon as possible and get that rating increased before April 2018. There are funding initiatives available that could help. We are happy to advise landlords on a personal basis.”

In addition, since April 2016, tenants have the right to request energy improvements to any property they let. Landlords cannot reasonably refuse requests, however, they are not required to contribute funding. If a tenant makes a request, they must identify the source of funding for any proposed works and identify proposed improvements from a government approved list.

If a valid request is received, landlords must respond in writing within 1 month, either consenting to the improvement or refusing consent. This must be backed up with valid reasons and there are only certain grounds on which consent can be refused. Exemptions include if an expert advises that improvement may damage the fabric or structure of the property or if the improvements will result in a reduction in the market value of the property of more than 5%.

Redstones are always on hand to advise landlords on changes in legislation and offer a diverse range of services that reduce the time and stress of being a pro-active landlord. Find out more about our lettings and property management services.

Redstones illuminated sign

New year, new career – Redstones expand nationwide

It’s the time of year that many people reconsider their careers and decide to take control. Many would argue that becoming a business owner or franchisee is one of the best ways to gain independence, flexibility, work/life balance, great financial rewards and ultimate control over your destiny. Is that something that’s truly offered by your existing career?

As Redstones continue their mission to expand nationwide, there are plenty of territories ‘up for grabs’ for those who aspire to run their own estate agency and lettings business. In contrast to many other property franchises, Redstones offers large territories of at least 100,000 households, low set up costs and opportunities to expand throughout the UK.

Often, the chance to make a healthy profit is far from the only reason to become a franchisee. There are many lifestyle benefits associated with running your own business. Some people are attracted to franchises because they relish the responsibility of running their own business. Others enjoy the opportunity to set their own hours and work around family and other commitments.

All of our existing franchisees have gone through the process of determining whether Redstones is the right choice for them, after enjoying careers in other fields. They have certainly not been disappointed!

Earle Kenlay, Director of Redstones says, “Redstones is one of the best property franchises in the UK due to their business terms and the size of the territory on offer.”

Richmond Franchisee, Brinder Bains agrees wholeheartedly. He says, “With Redstones, I’ve gained the independence of running my own business but with the support of a recognised national brand. My decision to join Redstones was the best business decision I’ve ever made.”

Want to transform your career for the better in 2017 and help Redstones expand nationwide? For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk

New year, new start – buy a Redstones franchise

Like many people, with the end of the year in sight, are you starting to re-evaluate your career?

If you want the new year to truly mean a new start, becoming a business owner as a new Redstones franchisee is one of the best career decisions you’re ever likely to make.

In stark contrast to being an employee, owning your own business gives you more control of your career and work-life balance. Many people feel daunted by making such a move. However, with Redstones you wouldn’t be on your own.

Redstones offers all new franchisees initial training and ongoing support to help them achieve their business plan. With a tried and tested business model, franchises are much more likely to succeed than independent businesses. In fact, 9 in 10 franchises report profitability.

Due diligence is very important, so we recommend that you speak to us and find out all you can before making this big decision in the new year. If you find yourself answering yes or positively to all of the following questions, we definitely need to talk:

  1. Are you currently working or have you previously worked in the property industry? For a business to succeed, prior knowledge and a real passion for property is very beneficial.
  2. Do you think becoming a Redstones franchisee could give you the career satisfaction you may be lacking right now? Research and speaking to other franchisees is the only way to find out.
  3. How do you rate your relationship building and communication skills? These are crucial skills for any business owner.
  4. How ambitious are you? For hard-working franchisees, we offer plenty of opportunities for business acquisition and growth in the future.
  5. Do you believe that Redstones could offer you the work/life balance or other career benefits you are currently lacking?

For many of our franchisees, joining Redstones has turned out to be their best career decision yet. As Richmond Franchisee, Brinder Bains states,The feeling of being part of a national organisation is definitely a great one for me. I have all the independence of running my own business but with the support of a recognised national brand. When someone tells me they have ‘heard of Redstones’ it is a real boost and affirmation of my decision to join.  Redstones has a solid reputation in a tough market for its commitment to customer service and attention to detail.”

To find out more about how you can transform your career and become a Redstones franchisee, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk    

Franchise security

Sources of franchise funding

Whenever you are seeking to secure funding for a franchise, a business plan is essential to prove any type of lender that your business is worth investing in. However, it’s worth appreciating that there are a wide range of investors out there, other than banks, that can help you to set up a franchise business.

These sources of funding include:

Grants – Grants cover a broad range of sectors, related to business location, size and industry, as well as specific problems in the local area. UK government bodies that offer grants include Department for Business, Innovation and Skills, Department for Employment and Learning, Charities and Local Authorities. Some specific grants target women, young people, over 50’s and entrepreneurs with a disability. A grant can be an option once your business is up and running, as well as for capital at the initial start-up phase.

The New Enterprise Allowance – Those on Jobseeker’s Allowance for three or more months and may be eligible for the New Enterprise Allowance, which awards small loans to help those with a business idea with their start-up costs. The maximum amount awarded is £1,000 so this route is more suited to those with low start-up costs.

Community Development Finance Institutions (CDFIs) – These are independent organisations that encourage and create wealth in communities that are disadvantaged by providing individuals and small businesses with loans.

Crowd funding – There is now a growing trend to source funding from several investors through private websites. For example, Funding Circle allows business owners to pitch their business to potential investors, meaning that they can choose from a range of investors and can compare interest rates.

Friends and family – If you are fortunate enough to have this type of assistance, you still need to have a contractual agreement in place, stating when you will repay the money and what, if any, interest you will pay.

Angel investors – Business Angels are high net worth individuals interested in investing in businesses with a high potential to grow. Usually a business angel will have experience of the industry and will share their expertise. To search for a Business Angel, try the UK Business Angels Association.

Government Schemes – The HMRC Enterprise Investment Scheme and the Seed Enterprise Investment Scheme offer tax relief to investors, including income tax and capital gains tax relief.

The total cost of setting up a Redstones office is around £20,000, including a franchise fee of £9,995 and full training. For further information, visit our Franchise website.

Redstones Shop

Supporting women in franchising

There has been much reported about the fact that despite evidence of girls outperforming boys at almost every level at school and the call to get more women into leadership positions, women are not always where they should be in the employment or business world.

Women started out as a minority group in franchising, but they are increasingly taking a much bigger role and franchises of all types, including Redstones, are actively seeking women who we believe have the perfect skills for running a successful franchise operation.

The number of female franchisees in the UK has been steadily increasing over the last 25 years, with 30% of all UK franchisees now being operated by women. In fact, 4 of the last 7 individual winners of the bfa HSBC Franchisee of the Year Award have been women.

Franchising is attractive for many women due to the flexibility and independence it offers, as well as the chance to follow their passions. Franchising can be ideal for women who are looking to take their career a step further or for those who want opportunities that fit around their home life. Many women also enjoy being part of a franchising community, where mentorship and sharing tips for success is encouraged.

At Redstones, we don’t believe in the ‘old boy’s network’. MD of Redstones Manjit Virdi says, “I know that there are many talented female property professionals currently in employment who would really thrive if they were managing their own business. It’s important for us at Redstones to encourage potential female franchisees to come forward and find out all the great benefits a Redstones franchise has to offer for their career.”

For further information, visit our Franchise website, call 01922 235 350 or email franchise@redstones.co.uk