Open Door Auctions

Full Description

Join Open Door Auctions and run your own property auctioneering business today.
Projected year 1 pre-tax profits of £59k!

According to Auction Finance UK, in the first six months of 2014, it witnessed a 135% increase in funded auction sales with some regions of the UK growing by up to 370%. These facts show that property auctioneering is one of the quickest growing sectors of the UK property market – and Open Door Auctions has developed knowledge and support systems that will help you to build a successful, profitable auctioneering enterprise.

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Why Open Door Auctions?

Founded as a family business in 2012, Open Door brings together a genuine passion for property with strategic knowledge and foresight that has been developed by working for a top 10 global management consultancy. This is reflected in the quality of its training and its approach to day-to-day business which places the customer and the digital agenda at the heart of everything it does.

Specialising in property auctioneering, the Open Door pilot franchise has hosted more than 25 property auctions in three years with the following results:

  • It has offered more than 600 lots to the public
  • It has listed more than £80m worth of properties
  • It has sold more than 75% of listed properties
  • It produced a year one turnover of £197k
  • It produced a year one operating (pre-tax) profit of £114k

The franchise is unique within the UK property market in seeking to position the modern method of auction as the most effective way of selling and buying any property, and is seeking to build a network of auction advocates to transform the UK marketplace.


Open-Door-Launch---58.pngWho is Open Door Looking for?

Open Door is looking for like-minded, astute individuals who can replicate its brand values and customer service within their local market. If you fit the following description, you are likely to be a good fit for property auctioneering:

  • At least three years’ professional experience
  • A passion for selling and willingness to work hard
  • Demonstrable business flair
  • Highly personable
  • Determined to succeed


The Open Door franchise package

The investment costs for an Open Door Auctions franchise are as follows:

  • Joining and training fees = £19,995
  • One-off cost requirements = £2k
  • 7 months’ cashflow requirements = £20k

The projected results for an Open Door Auctions franchise in year 1 include:

  • Turnover = £153k
  • Pre-tax profit = £59k

In return for your investment, you will receive:

  • Exclusive access to a franchise territory mapped by BFA-affiliated suppliers
  • Direct access to high street lenders who can cover up to 70% of start-up costs
  • Support producing and tracking against a tailored business plan
  • Intensive induction training including preparation for trade body qualifications
  • Ongoing marketing and sales support including regular head office visits
  • Access to online sales and CRM platforms which ensure that the company is well-placed to meet 21st-century selling and buying habits

Six reasons to choose Open Door Auctions

  1. Consumer behaviour. Auctions are becoming an increasingly popular way of buying and selling property.
  2. No national competitor. Open Door is the only property auction franchise operating at a local rather than a regional or national level. It therefore offers a genuine alternative to conventional estate agents.
  3. Low start-up costs. Open Door does not require franchisees to have a high street presence which saves thousands of pounds. It also believes in an owner-operator model which reduces overheads and boosts profit margins.
  4. Multiple revenue streams. There are multiple revenue streams available to Open Door businesses including auction entry and buyer fees, sales commission and third-party referral fees (i.e. to solicitors).
  5. Efficient operations model. Open Door operates a refined business model that, when executed properly, can produce a year 1 pre-tax profit of £59k. Based on proven numbers, this increases to c.£100k by year 3.
  6. High-quality, dedicated support team. While all franchise propositions offer ongoing support, very few combine property knowledge with FTSE 100 consulting experience and/or trade body qualifications. This knowledge and experience is shared across the franchise network.

 

If you are interested in becoming part of a property, revolution please complete the form below. We’ll be happy to arrange a follow-up conversation at your convenience.

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In Summary:

Description:
Open Door™ Auctions is the UK’s first property auction franchise promoting the modern method of auction as the most effective way of selling and buying any property. BFA-affiliated consultants have projected year 1 pre-tax profits of £59k.
Opportunities:
In the UK
Business Type:
Franchise
Minimum Investment:
£21,995
Training Provided:
Yes
Home-based:
Yes
Part-time:
Yes
To receive more information on this franchise, or to contact the franchisor directly please complete the contact form below:

Contact Open Door Auctions




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In Summary:

Description:
Open Door™ Auctions is the UK’s first property auction franchise promoting the modern method of auction as the most effective way of selling and buying any property. BFA-affiliated consultants have projected year 1 pre-tax profits of £59k.
Opportunities:
In the UK
Business Type:
Franchise
Minimum Investment:
£21,995
Training Provided:
Yes
Home-based:
Yes
Part-time:
Yes