Real Estate Franchises & Flipping Houses
I’m wondering if real estate franchising is too worn out to accept a new concept. Specifically I’m asking about franchising my business of flipping houses. I buy, renovate, and sell properties; known as ‘flipping real estate.’ I’m being encouraged to start a new franchise along these lines, but I question if it’s a good idea.
A Real Estate Franchise Focused On Flipping Houses
The first thing you should consider is a feasibility study. This will help determine if franchising is a logical and practical means for you to expand your business. However, it’s very safe to say the business of flipping houses is commonly known as a profitable business sector. In fact, it always has been, but somehow in the 21st century it took off like no other time. Take the first step of feasibility. Some quirk could be exposed that is peculiar to your approach and creating a new real estate franchise might prove unwise. But, be sure of this one fact. Just like food will always be a huge part of the franchise industry, real estate franchises will not be going away any time soon.
Real Estate Franchise With A New Concept
Traditional real estate franchises have been in the area of standard brokerage, but don’t forget that the well known brands are very old having begun in the 60’s and 70’s. That is ancient in the franchise world and many new brands have come to market. The fact that competition has grown does indicate demand for new services. However, as far as we know, flipping houses would be a newer entry into real estate franchising. As with all potential franchises, your real estate franchising concept must be proven and be in demand not only in the initial “model” location, but provable in a wide variety locations and territories. The concept must be repeatable under the direction of various owners and conditions.
Feasibility is key.