A finance broker is a professional who intervenes between you and financial institutions (banks, credit agencies) to help you obtain the financing you need.
They act as intermediaries and negotiators to find you the best possible conditions: interest rates, repayment terms and benefits.
This is a booming sector, and franchising has proved a particularly attractive model for many entrepreneurs.
But what makes this formula so attractive?
And what are the key factors to consider before taking the plunge?
Is it profitable to open a loan brokerage franchise?
As with any entrepreneurial activity, determining the profitability of a franchise business requires in-depth analysis, as several factors can influence it. The entrepreneur can start by carrying out a market study and drawing up a business plan. This will enable him or her to target the geographical area of the business and compare networks. The franchisor’s profitability is based on his reputation and the influx of customers. Franchisees, on the other hand, must take into account the costs involved in joining the franchise (entry fee, personal contribution, overall investment and royalties). Sales for a Crédit Conseil de France establishment are estimated at 200,000 euros in two years of business, for a personal contribution of 10,000 euros and a total investment of 50,000 euros. The agency specializing in credit brokerage and financial solutions is part of a dynamic network of 34 establishments across France. Franchisees have the opportunity to join a brand with a proven concept and strong economic potential.
How does a credit broker agency work?
The financing brokerage sector is booming.
Customers turn to a broker specializing in financing solutions for advice before making an investment.
A broker’s scope of action is vast.
The brokerage expert’s mission is to put together and optimize a loan file, search for the best offers on the market, negotiate terms and conditions, and accompany the customer through to contract signature.
This may involve a property loan, loan insurance or a business project.
Brokers must therefore be good negotiators and salespeople, flexible, responsive, autonomous, perceptive, persevering and, above all, familiar with all market trends.
To operate, brokers must be accredited as IOBSP (Intermédiaire en Opérations de Banque et en Services de Paiement).
Registration with ORIAS (Organisme pour le registre des intermédiaires en assurance) is also mandatory.
By joining a professional finance brokerage franchise, the entrepreneur benefits from tailor-made support.
Advantages include the company’s know-how, brand image, network support, comprehensive training and marketing strategy right up to the opening of the branch.
Signs like Vousfinancer for investing
There are a number of finance brokerage chains and centers. Many of these financial advice specialists are looking for new candidates to open branches and expand their network. With sales of 300,000 euros in two years, Vousfinancer is one of the major players in the mortgage brokerage sector. The franchise network boasts over 150 locations nationwide. Thanks to its mastery of the French real estate market, the broker has been able to establish its brand. With an entry fee of 35,000 euros, a personal contribution of 20,000 euros and an overall investment of 100,000 euros maximum, it is possible to join the franchise and submit an application.CrediPro is a leader in the field of credit brokerage for professionals and entrepreneurs. Founded in 2009, the company has helped more than 14,600 entrepreneurs. It has 70 branches throughout France, with a total of over 100 brokers. CrediPro, the preferred contact for businesses, is looking for entrepreneurial-minded people with backgrounds in finance, banking or brokerage. To join the CrediPro franchise, an entry fee of €22,000 is required. Candidates must also make a personal contribution of 25,000 euros, for a total investment of 80,000 euros.
