Accountancy and Financial Franchises

How to become a commercial finance broker in the UK

If you’ve ever dreamed of being your own boss, home based franchises offer a low-risk way to start your own business with relatively small overheads. However, with so many franchise opportunities available at the moment, it can be difficult to identify an industry that will allow you to maximise your investment and reap the rewards.

When researching home based franchises, it’s a good idea to research industries that have the potential for serious growth, and at the moment, becoming a commercial finance broker in the UK is an incredibly attractive proposition.

This is because commercial finance franchises offer security and almost unlimited potential for earning, even during times of economic uncertainty. In fact, economic recession can actually increase your potential for earning as a commercial finance broker in the UK. The following factors make commercial brokerage a great place to start your own business at present:

  • Low interest rates
  • Increased demand for multiple occupancy housing
  • Increased demand for serviced accommodation
  • Record level of commercial-to-residential conversion
  • Government incentives for private-sector new builds
  • Demand among property developers to purchase, refurbish and sell properties

Commercial finance broker UK franchise: will I need a finance background?

Many people are put off entering the commercial finance industry for fear of not having any financial qualifications when the truth is that all necessary training is provided by your franchisor. When you buy a commercial finance broker franchise, you’ll receive the training and support needed to thrive successfully within the industry.

The most important qualities for potential commercial finance brokers are enthusiasm, integrity, a proven work ethic, financial stability and the desire to succeed. With full training, you will feel confident that you can provide the best solutions for your clients while feeling safe in the knowledge that you’ll have experienced back-office support from your franchisor to assist you with anything you might be unsure of.

How to become a commercial finance broker UK

When you purchase a commercial finance broker franchise, you will immediately be provided with comprehensive training. The course materials will cover a variety of products and markets which will help you to understand how to build your business. You’ll be put in contact with a panel of lenders and loan providers, and can expect to be kept fully up to date on all new product offers and legislative changes.

The beauty of home based franchises is that they rely on proven market strategies that will enable you to grow your business at your own pace. You’re not simply starting from scratch: instead, you’re taking a shortcut to business success, and you’ll have a reliable support network of other UK-based franchisees to help you on your way.

Finding clients as a commercial finance broker

When you purchase a UK commercial finance broker franchise, you’ll receive detailed training on how to attract clients at a low cost. There are several different solutions available, allowing you to utilise a variety of different techniques or simply use those which best suit your lifestyle. Marketing support is also offered, allowing you to develop specific campaigns as and when you need to.

Choose your own hours

The best thing about home based franchises is that you’ll be your own boss, which means choosing your own hours. This allows you to fit your working life around any other commitments you may have, providing you with a better work/life balance.

A commercial finance broker franchise can be operated on a part-time or full-time basis and is a perfect opportunity for those with childcare or work commitments who want to gain a little bit more financial independence. You can be as full-on or as relaxed with your approach to business as you like, depending on the sorts of rewards you want to experience.

How much money do commercial finance brokers make?

Like any business, the earning potential of a finance broker franchise is completely dependent on the amount of time and effort you are willing to put in. However, operating under the umbrella of a readily-established finance network will certainly help you to reap the rewards of being part of a recognisable corporate brand.

It’s not unrealistic for commercial finance brokers to recover their initial franchise investment within the first four months of operation. As part of your welcome package, your franchisor will be able to provide you with detailed and realistic financial projections. From here, you can evaluate your opportunity potential, and seek advice from your franchise support network to help you meet your own specific targets and goals.

Find out more about commercial finance opportunities

If you’d like to know more about becoming a commercial finance broker, or to discover the benefits of home based franchises in general, simply browse our site. Franchise opportunities are available across a variety of industries, and we’re here to help you make the most out of your opportunity.

Learn more about a future in commercial finance with the Brokerplan Franchise Opportunity