Q&A: Does Meyers Estate Agents Franchise in the UK?

Cara Squires, writer

Published at 31/03/2022, Updated on 04/05/2022 , Reading time: 5 min

Q&A: Does Meyers Estate Agents Franchise in the UK? — Photo © Q_A-Does-Meyers-Estate-Agents-Franchise-in-the-UK.jpg

If you’re looking to enter the franchise market through the estate agency sector, it’s time to get researching. When looking at potential brands, you might have come across a well-known name in the industry, Meyers Estate Agents - which begs the question, does it franchise in the UK?

The property market in the UK is booming right now, with residential real estate alone worth £6 billion and climbing [IBISWorld]. More and more people are realising their dreams of becoming homeowners in 2022, in spite of the ever-rising cost of housing, and as an estate agency franchisee, you can help them with this process. Read on, and find out more about a potential investment with Meyers Estate Agents.

Does Meyers Estate Agents franchise in the UK?

If you’re interested in running your own real estate franchise, Meyers Estate Agents could be a fantastic opportunity. Those who dream of running their own estate agency through the brand will be thrilled to discover that, yes, Meyers Estate Agents does franchise in the UK. The company gleefully welcomes any prospective franchisees who are interested in joining the real estate family.

Here at Meyers our agile, visionary, rebellious business has created much fun and profit in everything we do. As a ground-breaking market-leader, Meyers represents a new world of estate agency. We offer the change this industry has been looking for. - Meyers Estate Agents

>> Read more:

The history of Meyers Estate Agents

Before you get ready to run your own Meyers home-based estate agents franchise, it’s time to learn a little about the brand’s fascinating history. It has a reputation for being a rebel in its industry, and has been changing the game since early 2011. Its specially designed systems and processes have been created to enable people to work from anywhere, complementing any lifestyle. The Meyers brand is multiple-award-winning, offering investors an excellent opportunity to become a part of a valuable legacy business with a proven business model and track record.

You’ll feel the care. We’re a family-run business, which influences the way we work. Our customers always come first and the service you receive from our ‘family’ of experienced professionals is tailored to exactly meet your individual needs. - Meyers Estate Agents

Start a franchise in the real estate industry with a Meyers Estate Agents business

If everything you’ve learned thus far about the history of Meyers Estate Agents has left you keen to invest, keep reading. The three questions answered below should equip you with all the information you need in order to make a fully informed franchise investment with Meyers Estate Agents...

1. What skills do you need to start your real estate business?

A huge advantage of entering into the franchise sector is plenty of brands do not require any previous experience or skills, due to the sheer volume of training and support you receive in return for your minimum investment. Meyers Estate Agents fits into this category, and does not require potential franchisees to have any previous sales experience. However, they’re looking for the following:

“People people”
Ideally the franchisee will live in their chosen territory
Entrepreneurial flair
“Eye on the prize” mentality
Confident and happy dealing with people from all walks of life and backgrounds
“Get up and go” attitude
Determined to keep going, even if things get difficult
A desire to run your own show and take charge

2. How much do you need to invest?

The cost of starting an estate agency business will vary from brand to brand, depending on its name, size and location. However, the British Franchise Association estimates that the average cost of starting a franchise is £42,200. If you’re interested in becoming a Meyers Estate Agents franchisee, you will need a minimum investment of £12,500, franchise fees of £12,500 + VAT, and a total investment of £26,000.

If needed, funding support is available through most UK banks, who can be willing to lend up to 70% for startup investments. To be a successful applicant, you will need to be able to prove that the franchise is reputable and that you have a good credit history. There are alternative ways to fund your franchise, including a franchise finance loan, sector-specific opportunities and the government’s Startup Loans Scheme. If you would like to explore further opportunities and costs, here are some current franchising options in the estate agent sector available via Point Franchise:

EweMove - EweMove requires a minimum initial investment of £10,000, with a total investment cost of £25,000.
Northwood - Northwood requires a minimum initial investment of £50,000, with franchise fees of £22,500 and a total investment cost of £50,000.
Redstones - Redstones requires a minimum initial investment of £14,995, with a total investment cost of £25,000.

>> Read more:

3. What do you get in return for your investment?

As a Meyers franchisee, you’ll be entitled to comprehensive onboarding support, introductory discovery calls and plenty of one-to-one meetings. You’ll also benefit from a great deal of training and support provisions, including help with every aspect of the business. From a week of classroom study on mechanics to sales and marketing assistance and legal and compliance modules, you’ll be fully equipped by your franchisor with all the knowledge you need in order to thrive. In short, you’ll never be on your own if you invest with Meyers Estate Agents.

At Meyers we strive to always create an enjoyable, supportive working environment. As a team, we are consistently professional and driven by our values and principles. - Meyers Estate Agents

Meyers Estate Agents opportunities to franchise are a brilliant way to start running your own business

After reading this article, hopefully you will have gained a good understanding of whether you’d like to become a Meyers Estate Agents franchisee. If you’re not certain this is the right opportunity for you, but you’re interested in the home-based working aspect of a role with Meyers, here are some of the best home base franchise opportunities available via Point Franchise’s website. Check them out, and find the right fit for you.