What Are The Costs?

The total capital investment required to launch a Sanderson James franchise does vary dependant on a wide variety of local and personal factors such as size / location of premises, staffing levels, marketing plan etc. but the average is somewhere between £40,000 – £60,000.

We have preferential financing available (subject to status) from several high street banks usually up to about 70% of the total capital investment required and therefore, you will need a minimum of £18,000 of your own money to invest in your new business.

You may also be interested to learn about the Government Department of Trade & Industry’s (DTI) small firms loans guarantee scheme which is an option for those who do not wish to put up their family home as security against a business loan. Your professional advisors should be able to furnish you with further details of the scheme. Further information can also be found at www.dti.gov.uk/sflg.

As part of our recruitment process we will be happy to provide you with draft cashflows and P&L accounts for the area that you are interested in. We should stress though that we recommend very strongly that you seek professional support and advice as part of your business planning process.

What fees and charges do I have to pay?

Sanderson James’s franchise fee for Sales / Lettings is £10,000 plus VAT or £13,000 plus VAT for Sales and Lettings (per branch) payable upon signature of the franchise agreement which is usually when you commence trading.

The monthly management fee is 6% based on gross turnover as defined in the Franchise Agreement and is payable monthly.

IT is charged at cost and is based on the individual requirements of each franchisee.