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The Property Sector February 2023

by | Feb 10, 2023

 

Why Does the Property Sector Remain Such a Stable Marketplace for Countrywide Signs?

We understand that many are feeling cautious this year. Recession is a worry, but in the right sector, with the right business and support structure, it doesn’t need to be! Luckily, we operate in two very accommodating sectors. Franchising and property.

We all listen to the negativity in the press. It’s human nature. There might be some negative sides for some when it comes to the property market. For property sign erectors however, it’s the fluctuations which provide a well-balanced business model.

According to PropertyIndustryEye, data has shown that the number of property sales agreed in the first week of this year was in fact higher than the same period last year. Echoing this message are reports from online platform Rightmove. Rightmove analysis has recorded an impressive 55% increase in the number of people contacting estate agents in January compared to the two weeks prior!

Director, Justin Pearce comments: “The year for the property sector has started well. As property sign erectors, we keep a close eye on the marketplace. Our 25 years of experience, shows a clear correlation between the sales and the rental sectors.” He adds: “There’s a natural balance between sales and lettings. Both can perform well, but also on the flipside if one is booming the other may see a decline, however this all leads to opportunities for our franchisees.”

To understand more about how the sales and rental market impacts business for Countrywide Signs, Adam explains here…

Statistics currently show that demand from homebuyers is still up by 4% compared to the pre-pandemic market in 2019, however this demand doesn’t stop with sales. High demand in rental property is also continuing, which is reflected in the increasing rental prices throughout the UK.

None of this suggests that 2023 house moves will decline. In the main, people will never stop needing housing whether purchased or as rentals.

Want to learn more about the industry where we operate and how the property sector impacts our network, get in touch or schedule a call with Adam Davison, our franchise recruitment specialist.

Northampton Franchise Resale

An established Countrywide Signs territory covering all NN postcodes, with a customer base centred around Northampton.

Price including franchise fee: £49,995
Reported turnover: £48,000
Reported territory size: 287,000 properties
Current Operation: One van

About the business

The current franchisee has serviced the territory for over five years. Based outside the area, they travel into Northampton to manage the business. Currently operating with a single van, the territory offers a new owner the opportunity to explore further development across the area.

Reason for sale and handover

The owner is selling to concentrate on developing their adjacent territory. They will remain within the Countrywide Signs network nearby and will be available to offer guidance and assistance to the purchaser.

Take the Next Step

Get in touch to discuss the business, confirm the territory boundaries and explore the next steps.

Oxford Franchise Resale

An opportunity to take on an existing, company-owned Countrywide Signs territory covering Oxford and all OX postcodes.

Price including franchise fee: £39,995
Reported turnover: £24,000
Reported territory size: 367,000 properties
Estimated growth potential: Four to five vans

About the business

The Oxford territory supplies, installs and manages estate agent signage and has been serviced by Countrywide Signs for over 12 years. With an existing customer base, the territory provides a foundation for a new franchise owner to develop the business across the area.

The opportunity

Currently company-owned, this established territory is now being offered to a new franchise owner.

Take the Next Step

Get in touch to discuss the business, confirm the territory boundaries and explore the next steps.

Harlow Franchise Resale

An established Countrywide Signs business serving West Essex and South Cambridgeshire, with an existing customer base and support during the handover.

Price including franchise fee: £27,995
Reported turnover: £12,500
Reported territory size: 151,000 properties
Estimated growth potential: Two vans

About the territory

Based in Harlow, the territory includes Epping, Bishop’s Stortford, Great Dunmow, Sawbridgeworth, Saffron Walden and Haverhill. The current owner has operated the territory for over 10 years. The resale offers a new franchisee an existing estate agent signage business to develop across the area.

Reason for sale and handover

The owner is selling to focus on expanding another part of their existing business. They will work closely with the purchaser during the handover to help maintain customer relationships and support the transition to new ownership.

Take the Next Step

Get in touch to discuss the business, confirm the territory boundaries and explore the next steps.

Coventry Franchise Resale

Take on an established Countrywide Signs territory operated by the same franchisee for 22 years.

Price including franchise fee: £52,995
Reported turnover: £52,000
Reported territory size: 283,000 properties
Estimated growth potential: Four vans

About the territory

The territory covers Coventry and the surrounding towns of Coleshill, Nuneaton, Lutterworth, Daventry and Royal Leamington Spa. The current franchisee has spent 22 years supplying, installing and managing estate agent signage across the area, giving a new owner an established operation to build on.

Reason for sale

The owner is considering retirement and is open to selling the whole territory or part of it. A partial sale would allow them to reduce their workload, while a full sale would enable them to retire completely.

Take the Next Step

Get in touch to discuss the business, confirm the territory boundaries and explore the next steps.

North Devon Franchise Resale

An opportunity to acquire an established Countrywide Signs territory supplying, installing and managing estate agent signage.

Price including franchise fee: £30,995
Reported turnover: £14,500
Reported territory size: Over 255,000 properties
Estimated growth potential: Two to three vans

About the business

The territory is being offered by a franchisee based in southern Cornwall, who has developed a multi-van business there over the past 10 years. This resale gives a new owner the opportunity to take on the Devon part of that operation and develop its estate agency customer base.

Reason for sale and handover

The current franchisee is selling to consolidate their Cornwall territory. They will be available to assist the new owner during the early stages and are keen to build a longer-term working partnership across the area.

Take the Next Step

Get in touch to discuss the business, confirm the territory boundaries and explore the next steps.

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