Agency network Mr and Mrs Clarke has launched a new loan product to help aspiring self-employed business owners launch their own property franchise.
The Belvoir-backed brand is offering access to a £12,500 loan to help future franchisees launch and grow their own estate agency.
The firm said the funds will help alleviate the financial stress and soften the blow of leaving employment.
Mr and Mrs Clarke provides franchisees with an in-house design and marketing studio, access to their award-winning website and property portals, admin and operational services and a customer relationship management system.
Franchisees take 75% of the commission they charge sales and lettings clients and have exclusivity in a territory.
Paul Clarke, co-founder of Mr and Mrs Clarke, said: “We have spoken to dozens of great people who want to start their own agency with us but they just don’t have the finances.
“We realised that we had to support these amazing estate agents and provide them with capital required to launch a business and also ensure that their day to day costs are covered.
“This is an extremely exciting next step for Mr & Mrs Clarke and we can’t wait to see the business continue to grow and expand as a result of our new loan product.”
Estate Agent Today has asked about the terms of the loan.