Belvoir Group, the UK’s largest property franchise, has successfully completed the 100th transaction under its Assisted Acquisitions programme, which forms a major part of the firm’s growth strategy.
The Assisted Acquisitions programme, established in 2013, has now supported 100 acquisitions by its franchisees, with a total deal value of £25m, boosting franchisee network revenue by around £24m.
Belvoir chief executive Dorian Gonsalves commented: “I am delighted that the Belvoir Group has been able to successfully help our franchisees to acquire 100 independent businesses since the launch of our specialist acquisition programme in 2013.
“Helping franchisees to develop their businesses through acquisition remains a strong growth strategy for Belvoir and this milestone is a superb achievement by our inhouse Acquisition Team who work so hard to research, source and assist franchisees with the funding of viable opportunities.
“The team have helped franchisees from across all of our brands to develop and grow their businesses, achieving a total acquisition deal value of £25m. In addition, it should be noted that 100 independent agents from all across the country have been able to complete on an exit strategy that has enabled them to realise their assets, safe in the knowledge that the business they are selling will be operated by highly professional agents who have access to all the back-up they need from our franchise support team at central office.”
The 100th transaction was undertaken by Mahomed Imtayas of Northwood Wolverhampton, who has acquired Millenium Properties, adding 250 managed properties to his portfolio.
Related: Belvoir Franchise
Gonsalves added: “I am absolutely delighted for Mahomed, who I met during his training course at central office. I was very impressed by his enthusiasm and commitment, and also his determination to build a business that he can then pass on to future generations of his family. I am confident that Mahomed will make a great success of this business opportunity, which has enormous potential for further growth.”
Belvoir Group is on a post-lockdown acquisition trail according to its CEO, Dorian Gonsalves.
He continued: “Many franchisees across the Belvoir, Northwood, Newton Fallowell and Lovelle brands are actively seeking to expand their businesses through acquisition, with some already completing on multiple business transfers that have doubled the size of their portfolio overnight.
“I would urge any independent agent who is considering the sale of their business, no matter what size this may be, to contact a member of our acquisition team for a discussion about how we may be able to help them realise their ambitions.”
By MARC DA SILVA
Source: Property Industry Eye