Saved Franchises Enquiry
Northwood is an established Letting & Estate Agency Franchise brand with a high performing, retail based, business model.
Proven in widespread demographic regions the business has provided the basis for numerous successful entrepreneurs to secure a high standard of living, over and above that of their direct competitors.
With attractive signage and professionally designed interior décor, Northwood is a high profile Letting & Estate Agency business format with a growing network of over 85 offices nationwide.
- Our top performing office in 2015 generated a Gross Profit of £781,011
- Average annual Gross Profit for established offices is over £355,000
- The average monthly Gross Profit for our top 10 offices is £52,468
We're looking for high flyers: ideally people who know their local area well, can raise the investment required and follow our successful model which has been proven over a twenty year period.
In return you'll be part of a well-respected national brand which has an enviable reputation for success and a profitable business model that is proven up throughout the country.
The Investment required
The investment for a new franchise varies, depending on factors such as location, premises, staff and of course your own drawings. You’ll need to have £45,000 - £50,000 of your own money to invest with up to 70% being available via bank funding to finance the balance needed to launch a business of this type.
If this sounds like you and you’re keen to work for yourself in this exciting industry then please complete the contact form below.
Unlock your business potential with a Northwood Franchise
Northwood Franchise offers the perfect opportunity for you to unlock your business potential by combining your commercial experience with our proven, established and profitable franchise model.
The prospect of starting or buying a new business can be both exciting & daunting and joining a franchise network can be the perfect solution - allowing you to be your own boss but with all of the support of an established and proven business model.
With '3 franchises in 1' Northwood is a one-stop residential property business offering everything a homeowner should require when considering whether to sell or let their property - from a full estate agency and letting service through to mortgage and conveyancing options to maximise your income potential.
As a full member of the British Franchise Association (BFA) Northwood has been successfully trading since 1995 and in that time has grown into a network of 88 offices and 20,000 landlords across the country. This heritage means we have both the experience and expertise to ensure that every new franchisee has the best possible chance of success.
As well as offering a diverse combination of sales and lettings services, we are best known as one of the UK's largest providers of Guaranteed Rent, offering a strong USP when launching your new business.
Michael Lee, joined us in January with the launch of his Northwood business in Lewisham and for Michael joining Northwood was an easy decision:
'Joining Northwood is an exciting prospect as I am able to launch and run my own business while benefitting from the heritage and awareness of a well-known national brand. In fact even before we opened we had received enquiries from interested parties as a direct result of the central marketing efforts and local brand awareness. When you couple this with Northwood's unique Guaranteed Rent offering it's a powerful proposition'
Director of Northwood, Nick Harris says: ‘As a Northwood Franchisee myself for over nine years before achieving the successful sale of my business in 2013, I can personally vouch for the business model, potential earnings, professionalism and ongoing mentoring & support that comes with owning a Northwood Franchise. This year we plan to welcome eight new franchise owners into the Northwood network and we are looking for the right people to take on those businesses. If this is you, or someone you know, then please get in touch - we'd love to talk’
Northwood Opens the doors to their latest franchise office
Property franchise group Northwood has announced the opening of its latest franchise office in Banbury, taking the group to 88 offices
The Banbury office is owned & run by Samantha Linn, who became aware of the Northwood franchise opportunity having been a long term Landlord client and seen for herself the benefits of Northwood’s Guaranteed Rent offering.
This is the second Northwood office to open in Oxfordshire within the past 10 months, with independent agency Levick Jones joining the group in Oxford last August.
Sujaad Ahmed who owns and runs the Oxford office comments:
'The franchise support from Northwood has been fantastic and we're already seeing the benefits of joining a national franchise network by way of legal, operational and marketing support. Also, the franchise networking opportunities with non-competing, like minded colleagues is invaluable. The best part is that we retain full ownership of our business while having access to a wealth of additional information - the national franchise marketing programme which Northwood run is a real added bonus'
Franchise Sales Director Nick Harris says 'We’ve seen an increase in the number of independent agencies who are considering joining a franchise network to benefit from the structure and support that an established franchisor can offer, while continuing to own and run their own business. If you’re an independent agent who would like to explore this option, or an experienced agent who wishes to own & run your own business then we’d be keen to talk’
For further information on the Northwood Franchise please submit the below request form
When we were considering purchasing the Northwood Wokingham franchise we had endless questions about how everything worked. Eventually those questions condensed down to how we would cope with learning the business whilst running it, what the employees were like, how they’d react to the change and how much support we’d receive from the franchise office. I’m happy to say that all these worries turned out to be unfounded.
Due to a lengthy period of contract negotiations we ended up doing our training after we’d taken over the business. This wasn’t ideal but fortunately we’d inherited a very capable staff who could manage very well without us! The training was great and it was also very useful to get to know several of the staff at the franchise office, who conducted the training. There is only so much you can learn sat in a training room so it’s the telephone support you receive afterwards that is invaluable. One of the best pieces of advice I received was to use the franchise office support as much as you need, because that’s what you’ve paid for! I spent many hours the first few weeks on the phone and even a year later we’re regular callers checking our interpretation of contract issues or looking for advice. Everyone we’ve spoken to has been well informed and they’ve been unfailingly friendly in their support.
Another of our worries was the staff and how they would feel about the change of ownership. Whilst we initially worried that some of them would leave, we then looked at it from their perspective. Both of us had worked in businesses that had made people redundant and job security was bound to be a worry for them. We wrote a letter, that was given out the day they were told of the sale, reassuring them that we had no plans to change anything and that one of the appeals of the business had been the experienced staff. We’ve been very lucky that they are excellent at their jobs and lovely people to work with. As with any business you can’t be sure that people will stay but we treat people the way we’d like to be treated and so far have only lost one member of staff to retirement and another who was emigrating!
The network of franchisees has also been an unexpected bonus. Both the intranet forum and regional meetings allow you to ask questions, exchange ideas and generally feel part of a bigger community. Whilst you’re running your own business there is a wealth of knowledge and experience to call upon from the other offices. We’re currently running a joint radio campaign with two other local offices and one of our experienced members of staff is about to spend a day at another office to see what she can learn from them. It’s a friendly community and one we’re delighted we chose to be part of.
Denise and Scott Watson
Name: Denise Watson
When office opened: June 2004
Annual Turnover: £1.4 million
Number of staff: 6
What did you do before becoming a Northwood franchisee?
I worked in Electronics as a layout designer
Why did you go down the franchise route?
Completely changing industry is a daunting prospect so having the support and training was an essential for me.
Why did you choose Northwood?
Northwood Wokingham was up for sale and an established business with the backing of the Franchise office was very appealing.
What differentiates Northwood from the competition?
Having a unique product, Northwood’s Guaranteed Rent, was a big attraction as differentiation is an important part of any business.
How did you raise the finance?
We were able to borrow the money from family
What training and support did you receive initially when setting up?
The initial training was comprehensive and got us up to speed on the bespoke software, legislation and using Sage for the accounts. The training was great and it was also very useful to get to know several of the staff at the franchise office, who conducted the training. There is only so much you can learn sat in a training room so it’s the telephone support you receive afterwards that is priceless.
What ongoing support do you receive ongoing?
One of the best pieces of advice I received was to use the franchise office support as much as you need, because that’s what you’ve paid for! I spent many hours the first few weeks on the phone and even two years later we’re regular callers checking our interpretation of contract issues or looking for advice. Everyone we’ve spoken to has been well informed and they’ve been unfailingly friendly in their support.
The ongoing training courses are invaluable and ensure you’re kept up to date with everything from changing legislation to the best way to utilise social media. All of this training is included.
What is a typical day for you as a franchisee?
There isn’t one and that’s one of the things I love! I might be speaking to a prospective landlord followed by a vendor just before I’m talking to a local school about a competition we’re running with them.
What marketing tools do you use to grow your franchise?
Anything and everything! We’ve run competitions, deliver a lot of canvassing cards and are active on social media. We try to reach people by being part of the local community.
What has been the biggest challenge you have faced in owning & running a franchise?
Trying to decide between the 50 things I could be doing next! Managing my time is a constant challenge because there’s always something new to learn or a new marketing idea to try.
How has becoming a franchisee changed your life?
The freedom to make your own decisions is a wonderful change from corporate life. I love trying out new ideas and knowing the only limit is my imagination.
In your opinion, what makes a successful franchisee?
Someone who communicates well and can adapt to the varied challenges. Every day is different and you need to be happy with that kind of business.
What advice would you give to someone thinking of buying their first franchise?
Does it look exciting to you? Can you see yourself in every role in the business, because you’ll need to know how to do it all! Find out as much as you can and speak to as many people as you can. There’s nothing like chatting to someone in that job to see if it’s for you.
What are your plans for the future of your franchise?
We’re building up the Wokingham office and plan to open further local offices in the future.
Would you do it all again?
Name: Lingam Raghulan
Date launched: 24th Aug 2015
Tell us a bit about yourself and what you were doing prior to setting up your Northwood franchise business?
I was working for McDonald’s as an Operations Manager. I did this for best part of 20 years and was ultimately in-charge of a patch of restaurants located in London, Hertfordshire and Berkshire.
Why did you go down the franchise route? And why did you choose Northwood?
I always had a passion for property and wanted to set up my business in the property industry. The question was whether I go it alone or do it with the support of a Franchise system. I chose the Franchise route as I knew I could rely upon the tried and tested systems that an established network like Northwood would have in place and the support that I would get would be invaluable in a competitive property market.
As to why I chose Northwood, from my initial research it did not take too long to establish that Northwood stood out for the training structure and the support network that it had in place. The impressive training suite at Fareham impressed me from the very first visit and this stood as testament to the training and support structure that Northwood had in place.
How did you raise the finance?
Through a mixture of bank loan and personal finance, the bank loan was assisted by Northwood proving support through a company called Franchise Finance.
What training and support did you receive initially and ongoing?
My initial training was carried out at Fareham at the head office and out on the field working with the Franchisees and their teams.
What is a typical day for you as a franchisee?
This would be hard to say as no 2 days are the same…. However in general a typical day would include dealing with tenants, landlords, vendors and purchasers. This would largely involve going out meeting clients in their properties and on rare occasions in the office itself.
What challenges have you faced?
First challenge was to identify the right office location. Once this was done then when it came to opening the office it was all about acquiring the right calibre of staff to take the business forward.
Has becoming a franchisee changed your life, if so how?
What is the most invaluable piece of advice you could give someone looking to set up their first franchise?
Do your due diligence on the Franchisor and be sure that you are opening the office in the right location…. And whatever the sector or industry you choose ensure you are 200% committed to it!
In your opinion, what makes a successful franchisee?
The hunger and desire for success, commitment and dedication to the business and perseverance.
What are your plans for the future?
To grow my current business and be in a position to open a 2nd office in beginning of year 4.
Would you do it again?
Minimum Investment: £25,000