WHO ARE REGIONAL HOMES?
“Regional Homes reputation is built on doing everything to the fullest extent.
We utilise our experience and expertise to ensure that whether it be the selling, letting or managing a property – full compliance and legislation is adhered to.
Delivering maximum ROI on your sales or rental property carried out with attention to detail in every aspect.”
BAL – FOUNDER
Bal Heer is a Multi award winner for: ‘Best independent estate agency 2020 & 2021 – West Midlands’ & ‘Real estate businesswoman of the year 2020 & 2021 – West Midlands, Award of Excellence 2021 & Innovative Letting specialist 2021 – West Midlands.’ A successful entrepreneur, public speaker, Published bestselling author and proud mother to 2 sons. Bal has also been featured as one of the most admired global Indians 2021 in the international Pasion Vista business, luxury & lifestyle magazine but most known as the founder & CEO of Regional Homes Ltd Est 2014.
Bal has taken her business from a serviced office above a restaurant in June 2014 to a prominent standalone High Street Location in Smethwick, Birmingham in March 2015 and has consequently expanded further with a second branch in Wolverhampton in 2019. Bal has cemented her reputation through her commitment to integrity honesty hard work and determination to succeed as a collective and as an individual.
Everyone working for Regional Homes is an important player on the team. We believe in building personal professional relationships with our customers and being polite and helpful at all times. We must make it easy for people to do business with us.
As a Franchisee you buy the right to develop your business in a defined geographical area, with a guarantee from Regional Homes of no Regional Homes competitor in that area.
Franchisees can offer their Clients the full breadth of Regional Homes expertise, all supported by the full span of our capabilities.
Our aim is to provide a nationwide quality service to customers with an emphasis on personal service and professionalism. We aim to build up a strong two way working relationship with all our franchisees, and make the Regional Homes name synonymous with excellence.
We ensure that you are well equipped to start and grow your business. Training, ongoing business support and a wide range of resources are available when you become the Regional Homes Franchisee in your area.
Regional Homes’ average forecast for franchisee
Charges to landlord = half the first month’s rent £300 per property let (average)
X 1 let property per week @£300 x 52 = £15,600 pa
+ 10% of monthly rental if managed (based on lower average of £600pcm)
£60pcm monthly management total for 52 managed properties = £3,120pcm x12 = 37,440k pa
£60pcm monthly management total for 104 managed properties = £6,240pcm x12 = 74,880k pa
£60pcm monthly management total for 208 managed properties = £12,480pcm x12 = 149,760k pa
52 properties = 37,440k + 15,600 = £53,040 pa
104 properties = 74,880 + 15,600 = £90,480 pa
208 properties = 149,760 + 15,600 = £165,360 pa
We charge 1.5% of sale value to the vendor the average being – £130,000 – £300k value of
Based on a minimum of 1 sale per week = an average income of £1,950 – £4,500 per month over
the year giving £101,400 – £234,000 pa
Total Potential turnover is based on the lowest figures = £53,040 + £101,400 = £154,440k pa
Total Potential turnover is based on the higher figures = £165,360 + £234,000 = £399,360k pa
Other services E.g.
(EPC/Gas/Elec certs/maintenance/tenancy renewals) approx income of £10,000 pa
Maintenance approx £35kpa
Please note: This was not an Affluent area so based on London we expect figures to 3 or 4 times higher.
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