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Innovative new business model for Real Estate agents

By Daniel Lean

The shared office revolution is being embraced by the real estate sector, with Ray White South Australia’s head office this week announcing that franchisee start-ups can access desks and full office facilities for a fraction of the cost of setting up a new office.

This new franchise model is a transitional offering, designed as a gateway for agents preparing to establish their own office, according to Ray White South Australia CEO, Nick George.

“The trouble a lot of businesses have is the cost associated with getting underway, so we looked for a solution to help them get the ball rolling,” said Mr George.

Desks and offices come complete with corporate support along with a receptionist and full facilities including printing, internet and a suite of training and meeting rooms.

One agent who jumped at the opportunity is experienced agent, Blake Scholz, and two of his colleagues, Josh Gillespie and Robin Conroy, who have opened Ray White Mitcham under the business model.

“We were attracted by the immediacy of it – we left our previous job on Friday and were in Ray White’s office the next week with listings up on our first day,” said Scholz, who remarked that their enclosed office has plenty of room for their three-person team.

“It’s been great. There are a lot of logistics you don’t have to deal with and you can hit the ground running,” he said, adding that the corporate receptionist also provided an extra level of professionalism.

“The head office support is great – instead of waiting for an email you can just walk around the corner and get all the advice and assistance you need,” he said.

The new business owners plan to stay in the shared space for about six months, allowing them to establish the agency while finding a location for their premises without time pressure.

With the capacity for 30 individuals, the Adelaide setup includes 15 desks in an open plan space and five enclosed offices, each allowing three people to work in comfort.

Ray White Corporate is also offering the concept in Darwin where they have offices set up and available for agents ready to make the move to this low cost startup for business ownership.”

You can see the full article here.

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