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FrenchEntrée . com
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Live & work in France
Introduction a dozen property finders active This business model has been
Since 2004 FrenchEntrée has across France. Now we are seeking proven over the last five years
been the leading online resource energetic and talented people to by one of our directors, Graham
for people buying property and join our growing team in all regions Downie who founded Cognac
considering a move to live in France. of France. Property Services.
Every month over 150,000 visitors
use our site to help them find Within two to three months you Despite the economic down-turn
property or answer their questions could be up and running with: many of our property finders have
about all aspects of buying or living been busy with clients during 2009
in France Your own fully registered so we are very confident that you
independent property search will be successful. How hard you
agency work and how much you earn is
An exclusive territory in France up to you – once you have paid the
Full training on how to run initial one-off joining fee you will be
the property finder business Graham Downie entitled to keep 80% of all property
Director of FrenchEntrée Property
A website built and hosted Services Sarl search fees charged to clients. Work
for you part-time and enjoy the work /
A valuable online marketing life balance you dream of, or work
package to generate enquiries you with full training, you can full-time and maximise your income
Full compliance with all French expect to earn up to €60,000 potential in France!
legislation p.a. working part-time and up to
An operating manual and legal €90,000 p.a. full-time. You will After some years, when you have
documentation be working from your home in built up your business as a going
Ongoing support and advice France and fund your French concern you may decide to sell the
lifestyle by providing a professional business, at which point you can
In 2008 we launched our Based on the actual experience of service to English speaking property look forward to a sizeable reward
independent Property Finder our founder partner and business buyers looking to purchase a home for all your earlier investment in
network and we already have director in France, who will provide in France. time and effort.
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The market
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What does the job involve?
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How will I make money?
Location, location, location should they buy a property you are able to find the right house for Your costs
In recent years the popularity have found for them. them. A minimum fee policy of Joining Fee - the initial fee is
of independent property search For instance, if they buy a house for 3,500 Euros ensures you make a payable on signing contracts. This
services has grown. 300,000 euros the total search fee reasonable return even on lower is a one-off payment providing
will be 8,250 euros. value property searches. you with all the benefits outlined
Property buyers have been The fact that you charge a 500+ below. It assumes that there will
educated about the value of using euro fee to begin a search means Unlike some property finders who be one person running the business.
search agents, especially when it that you will be working with are, behind the scenes, actually tied There are two levels of joining fee
comes to the challenges of buying serious buyers who will be in a to certain estate agents, you remain dependent on the region of France
abroad. So now is a very good time position to act immediately if you independent – the fees come from in which your territory will be based:
to be offering a service of this type. the buyer and not the estate agent. Territory A: 21,000 Euros
(within the Cote d’Azur, Provence,
The way it works Additional services and fees Ile de France, French Alps)
We will pay you 80% of all the If your clients are buying the Territory B: 13,750 Euros (within
property search fees charged to house as a holiday home or rental all other regions)
your FrenchEntrée Property Finder investment you will be well placed Service Fees – we will retain
clients. The fee system works as to offer property management 20% of any property search
follows: services at a competitive rate. commission fees paid by the
You will be able to keep 100% client as payment for the services
A consultancy fee of a minimum of these add-on fees as they fall that we provide to you.
500 euros is charged to the client in outside our remit. You will also be Business costs e.g. Telephone,
order to begin a search (refundable entitled to participate in a range postage, car, petrol, stationery,
if they purchase a house you have of FrenchEntrée organised affiliate accounting etc
found them) schemes whereby you can earn Taxes – unfortunately these are
additional commission income by a fact of life, even in France, and
The client pays the full search introducing clients to mortgage and we will help you understand your
fee of 2.75% of the purchase price currency services. liabilities
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What do you offer me?
What you receive on joining and – Design and creation of a relevant regional property
paying your one-offJoining Fee FrenchEntrée website for you to sections
When you first become a promote your business, – Advertising on relevant local
FrenchEntrée Property Finder we optimised for search engines and property and related pages
will supply you with: with full instructions on updating – Advertising on our property
the site with articles and pictures database
Full training on all aspects of etc – Advertising in our online
running the business: – A FrenchEntrée email account directories of property services
– Company formation – Appropriate legal documentation – Business advice support by
– Administration – A logo and personalised phone or email
– Marketing and business stationery template – Website and email hosting
development – A step by step operating manual – Website support by phone & email
– Client handling – A list of English speaking What you receive on an ongoing
– Working with estate agents professional advisers (legal, tax, basis
– Hints and tips accounts, banking) Once you have joined you will
benefit from:
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And finally...
FrenchEntrée . com
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faqs
Why would anyone pay fees to a property finder? 2009 and there are people looking and starting to buy How long will I be entitled to run the business? As an example*:
Many people do. It’s a fast growing business and across all regions and price-bands. You will sign an open ended agreement. As long as Area one
indeed in the USA 63% of homes were bought both parties keep to some basic obligations you will Average price of house purchases .............. 280,000€
through a property finder last year. What happens if my buyer decided to be able to keep your business in perpetuity. Average fee .................................................. 7,700€
buy elsewhere? Houses purchased per annum ..................... 8
Clients are usually professional people to whom time We have introduced commission schemes to allow Why don’t I just start this myself and save Total gross income from searches ............... 61,600€
is money. They do not want the hassle or expense you to earn referral commissions when you introduce your fees? Your income after our % deduction ............ 49,280€
of unfruitful property searches and are happy to pay a client to another FE property finder or to one of our Of course there is nothing to stop you having a go. Assumed income from add-on work .......... 14,000€
someone on the ground to do the legwork. A good Premier Partner agents. So you can still make money But most new businesses fail due to the founder Total gross income pa .................................. 63,280€
property finder will save clients time spent on wasted even if your client changes their mind and wants to lacking know-how and experience, so our model
trips and help him save money when it comes to look elsewhere. is designed to minimise your risks of failure and Area two
negotiating the lowest price possible. maximise your chances of success. We offer you Average price of house purchases .............. 450,000€
How many clients will I need to make a know-how and access to our experience, full legal Average fee .................................................. 12,375€
Why would the buyer pay fees to the Property decent living? compliance, a proven business model plus a trusted Houses purchased per annum .................... 8
Finder and to the agent as well? This depends upon your definition of a decent living. brand and a valuable marketing package all included Total gross income from searches .............. 99,000€
Estate agencies work for the vendor and try to sell Over the last four years the average purchase price in the costs. Your income after our % deduction ........... 79,200€
houses for the highest price possible. They highlight of houses bought by our founder agent is 280,000€ Assumed income from add-on work .......... 18,000€
the positive points of a house and steer away from and rising (and don’t forget the Charente is one of the How can you support your claim that I can Total gross income pa .................................. 97,200€
any negative issues. We are in a position to give cheaper areas of France to live). With search fees of generate fees up to 60-90,000€ pa? *all figures quoted are gross and include TVA at 19.6%
unbiased advice on all houses we view. 2.75% this equates to an average fee of 7,700€ per Our founder agent will be happy to talk to you about
house bought. A minimum fee policy of 3,500 Euros this, as well as giving you testimonials from clients How many property finders do you have already
We work exclusively for the purchaser and are fully ensures you make a reasonable return even on lower he has acquired houses for and agents he works with. signed-up?
independent of all agents. As such one of our roles value property searches. Of course there are also His experience shows that around 80% of his income We have a total of twelve in our network, with several
is to help purchase the property for the lowest price additional fees to be earned in property management, comes from transactional work (i.e. house purchases) others due to sign shortly. Some details are provided
possible – in almost every case the savings we help project management, referral income from currency and 20% from add-on work and affiliate commissions. on the next page.
negotiate for clients more than cover our fees. brokers, mortgage brokers etc. How much you earn will depend upon how much time
you devote to your business and will be affected by
Can a Property Finder save a buyer money? The initial joining fee seems large – the area of France you live & work in. What territories are available?
Definitely. During a search we collect a huge amount how do you justify it? Our current property finders cover territories within
of “comparable evidence” that helps highlight the true We think it is excellent value for these reasons: the Alps, Provence, Poitou-Charentes, Pays-de-la-Loire,
value of properties we have viewed. When it comes to The permanent long-term income potential is very Gironde, Pyrénées Orientales and Normandy. It is
negotiating the price this evidence is a real asset. Our large in relation to the one-off joining fee important to note that territories are typically smaller
founder agent has averaged an 18% reduction over You will be buying into a proven business model in size than a single Département so you should not
the asking price since he started and has often helped so you greatly reduce the normal risks associated be put off applying for any of the above areas where
negotiate far bigger savings. with a new venture there are still plenty of territories available.
You only pay the joining fee once, but you earn See the paragraph above “About your territory” for
Isn’t the market slowing down? your income every year for as long as you want further details about territories.
There is no doubt that during 2008 the overseas A large percentage, 80%, of the search fees are
property market slowed down rapidly due to the paid to you. What marketing support is provided?
credit crunch, economies falling into recession and Thanks to our experience and previous As described above your membership of the network
problems with local property markets. However, the investments you can be up and running in a very includes a guaranteed ongoing promotional package
signs in 2009 are that the French property market short period of time on FrenchEntrée.com. In addition to this we will from
has “re-started” and remains popular with overseas It is a complete “turnkey” solution requiring only time to time recommend additional co-operative
buyers. FrenchEntrée property finders have seen limited experience and know-how marketing opportunities such as exhibitions and
clients from USA, South Africa, Sweden and Thailand You are building up your business as an asset advertising. Such activities will be subsidised by us
as well as UK buyers. New leads continue to come which you can sell to someone else in the future, in order to provide discounted prices to members
in. Considering the negative economic news property earning a lump-sum when you retire or change who will be invited to participate on a first-come-first
enquiry levels at FrenchEntrée remain healthy during direction. served basis.
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faqs
How are you promoting the service to property PR campaign to French property press and UK Rebecca Russell, Nice How do I know that my training will be good
buyers? national newspapers When I tell people I enough to get me started?
We are now running a series of promotions to gain the Every month in French Property News one of our live in Nice they often
attention of the property buying public and to build Property Finders writes an two page article about ask if it feels like Allison Hunter, FrenchEntrée Property Finder, Northern
awareness of the service and generate business for their area being permanently Alps, comments on the training provided:
our recently joined property finders, including: Distribution via international property press on holiday. It can
channels sometimes feel that “I was both delighted and relieved to have found the
Now is therefore a great time to be joining the way - the sun shines, session comprehensive, thoughtful, well-prepared and
Exhibition stand at The France Show 2009 network in order to benefit from the publicity in place the Mediterranean therefore time efficient - all aspects which I personally
and the increasing awareness of the network. glistens and people value enormously. I can often find myself over-
are never in a hurry. prepared relative to other efforts made but I’m happy
Can you give me some examples of the kind of However, I do have to have found my match in Graham!
Laurence Verhaeghe
people who are joining? to work and joining
Limousin French Entrée’s
He had considered my business plan, my market and
Laurence Verhaeghe, my questions and had structured pertinent comments,
Show Update! network of property finders was a perfect choice. I
The France Show was well attended and our stand Limousin have found that the business model works very well, tips and general advice around this. The 24-hour slot
was busy much of the time, generating many leads for “I love this area as it offers providing not only a much-needed service for buyers we had together was well-tailored to me and not a
property finders and a number of immediate search beautiful countryside but also a good support structure that offers advice, waking minute wasted. Without this well-structured
commissions. It was a great opportunity for some of and all types of property marketing and assistance. approach, we might not have achieved half as much,
our property finders to get to know each other and including cottages, barns, as we only really had a half day working through
test their presentation skills! traditional farm with With a couple of clients signed up in the first few the manual. However, with good preparation and
land, mills, “maisons de months, I’m delighted now to be able to help other discussion notes we covered a lot of detail in the car
maître”, manoirs and people find ‘la belle vie’ on the Côte d’Azur. It means and over dinner.
even castles. Working as less holiday, more work, but that’s something with
a FrenchEntrée property which I can certainly live! I have come away with a clear action plan in my
finder my knowledge of
the area has enabled me to seek out and negotiate mind for getting started, clear about what needs to
Janine Zdziebczok,
the ideal properties for my clients. I’ve been busy be put in place to be ‘open for business’ and some
Calvados, Normandy
already looking on behalf of several clients and it has structure to my ideas for future evolution. The value
The attraction of
been very gratifying see that the properties exactly Calvados for me of having the ‘structure’ that comes with an existing
matched the clients’ criterias! is the diversity of model, to add to one’s own ideas and local market
Alison Morton characteristics, starts to become more tangible.
Loire countryside and coast
Alison Morton, Saumur and equally wide Having started up my previous PR consultancy
“My husband, Steve, ranging property business totally on my own, I feel as if the model
and I have had a holiday styles. Sharing my and the ‘induction’ provided by Graham should really
Advertising in French Property News home in France for some love of the area with avoid a lot of lost time and momentum that is often
US advertising in France Today and France time now. I have been a clients who have also par for the course in the early phase of any start-up
magazine regular visitor to France, chosen this region business.
Advertising and editorial coverage on particularly this area, since for their future home
FrenchEntrée.com I was a little girl. Living is without doubt I commented to Graham on the way back to the
in France when I was one of the most
airport that it seemed as if at least a week had passed
younger was a wonderful enjoyable aspects
while we’d been working together, rather than 24-
time so we recently of the role, but I am also benefitting from getting
to know the area in far greater depth as I make my hours, because of how much I had been able to move
decided to move across
full time; this seems the perfect opportunity. I look searches. Coming back from a day viewing properties on in my thoughts. What pleased me was that I was
forward to welcoming clients and friends to what is with the feeling that you have just found your client able to get a clear view of all the basic mechanics
undoubtedly one of the prettiest and best value areas that special property is a great reward after the hours needed now for set up, the adaptations relevant to
of France”.. spent in research. my market and the opportunities for the future.”