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Lettings & Property
£200 per month
About Sourced Network
Sourced states that it is the UK’s largest network of property investment experts. The company provides services aimed at helping people to quickly and easily invest in property and run development and conversion projects. These properties are located globally, not only in the UK.
The directors of the company have used their seven decades of experience to develop a franchise offering, which comprises exclusive training courses, an ongoing support structure, an in-house funding facility and other essential resources.
Sourced Franchisees benefit from using a tried and tested business model, proven to generate results in a variety of property investment strategies.
The company’s goal is to help their network of franchisees, partners and investors achieve their dreams and gain financial freedom through property. Sourced specialise in assisting people who are looking to start a business in property and give them the benefit of systems, funding and expertise to accelerate their growth.
If you are looking to start a business that promises great returns, an excellent support network and an exceptional opportunity for growth, the answer is Sourced.
How does a Sourced Network franchise work?
All franchise owners enter a partnership with Sourced, allowing them to leverage the Sourced network of buyers, investors, joint venture partners and funding options.
As a franchisee, you would both assist investors to find the right property for them and also build your own property portfolio.
You will gain access to over 70 training days per year, while also leveraging on the experience of the Sourced Network, who have conducted a large number of transactions and projects that range from refurbishments to new, luxury developments.
Your time will be spent finding and analysing potential property deals, viewing sites and properties, networking with the relevant parties (investors, agents, solicitors and network members if applicable) and managing projects you are involved with.
How to become a Sourced Network franchisee
To apply to become a Sourced franchisee, simply fill in the request form on the company’s website. You will receive their prospectus, which gives details of the company and the franchise.
Following initial discussions, you will be asked to complete an application form. If both parties still want to proceed, you will meet the Sourced Directors.
How much will I need to invest?
The franchise fee is £12,500 (plus VAT). In addition, start-up costs are also modest as you won’t require office space or staff.
What you will have to pay for is the relevant insurance cover, to sign up to The Property Ombudsman, and a monthly management fee.
What will I get from Sourced Network?
As a franchise owner with Sourced, you will receive:
• Training: unlimited access to over 70 training days per year, covering a range of property investment strategies and funding options.
• Ongoing support: assessing your property projects and marketing them to investors, a professional development programme to develop your bespoke business plan and much more.
You will be assigned a dedicated Franchise Support team member, who will be available to assist you with any queries and guide you through your property journey.
• 100% funding: Sourced Franchisees get exclusive access to funding for their property projects by utilising Sourced’s peer to peer lending platform. Unlike traditional funding options, the loans are based on the GDV of the projects, allowing franchisees to borrow up to 100% of the purchase and works costs.
• Other resources: you will receive a bespoke CRM system, business cards and be provided with property and investor leads and access to the international investor database.
Common questions about a Sourced Network franchise
Do I need experience?
No, you don’t require experience in property. The company will provide you with a unique step-by-step process, excellent training and ongoing support to be effective.
Your work experience and background may not be relevant, but you need to possess certain attributes, values and skills.
Sourced looks for individuals with drive, ambition, passion, a positive attitude, the willingness and ability to learn, strong people skills and the ability to be proactive and work according to the business model.
Where does Sourced operate?
The company operates throughout the UK, although network members are involved with both national and global projects.
Sourced encourages all franchisees to operate in and around the area they live in, as this means they have solid local knowledge. The company will assist to define and assess the area involved.
How do territories work?
The territory assigned to Network franchisees by Sourced consists of 40,000 properties. However, you can operate outside your area, so long as you don’t move into the territory of another franchise holder.
If you identify an opportunity in someone’s territory, you can notify him or her and agree a fee split. If you elect at the outset to buy an additional territory you can do so, usually at a 50 per cent discount.
How do I identify property investors?
With the knowledge and skills acquired during your training, you will be able to position yourself as the local expert; investors will be drawn to you. Furthermore, the company generates leads you can then follow up.
What are the average earnings from a Sourced Network franchise?
The limits to what you can achieve through this fantastic opportunity can only be defined by you.
Investment property is one of the most profitable sectors in the world and that is no different in the UK. At Sourced, franchisees are trained on all property strategies and build a development plan to help them achieve their financial goals.
We’ve listed examples of the typical fees generated from different property deals, to give you an indication of the income you could generate:
• Rent to rent/serviced accommodation - £700-plus per month.
• Lease option - £3,000-£8,000-plus average profit.
• Assisted sale - £30,000 minimum profit.
• Property sourcing - 2% average fee.
• Off plan - 6% average fee.
Is income guaranteed?
Income is not guaranteed as it depends on several factors, including the amount and quality of effective and focused work you do.
Do I need to do my own marketing?
The Sourced marketing team spends time working on the company website so that leads are generated and the company runs marketing campaigns for deals that franchisees have set up.
Head office also arranges networking opportunities and promotional materials such as brochures, infographics and white papers that are constantly updated.
What is not included when I purchase a franchise?
If you don’t have basic home office equipment and a good internet connection, you will need to invest in them. You must also pay for public liability and indemnity insurance.
The final requirement is membership of the Property Redress System. You will receive information and guidance on all the legal and ethical necessities during your training.
What are the monthly fees payable to Sourced?
There are an optional mentoring fee and a mandatory management fee. The details are discussed during the franchise application process.
Is this the best franchise of its kind in the UK?
The Sourced Network model is unique, as it’s the first and only property sourcing franchise in the UK.
Other advantages include the low franchise fee and working capital requirements, the support offered by Head Office and the network of members, a peer to peer funding platform that lends money to Sourced franchisees, ongoing training and development, a company that has a vested interest in their franchise owner’s success and being part of the growing and trusted property investment sector.
Request Free Information
Send a free enquiry to Sourced Network for further information!