The Property Franchise Group has said it wants to acquire as many businesses as possible – no matter what their size.
It made its strategy clear after one of its franchisees, Emma Higgins of Martin & Co Yeovil, bought a portfolio of 185 tenanted managed properties from local agents Home-Bridge Property.
TPFG has a policy of assisting its business owners with acquisitions.
Higgins, a former naval officer, cold-started her Martin & Co business in 2012, close to Yeovilton Naval Air Base.
TPFG chief executive Ian Wilson said: “This is another acquisition for The Property Franchise Group – we have purchased portfolios of 1,200 tenanted managed properties already this year, and we have sales agreed on another 1,400.
“Our strategy is to acquire as many businesses as possible over the next two years, and unlike the big corporates who have minimum size limits, our franchisees can take any size of business from 30 managed and up to 600 managed properties and beyond”
Source: Property Industry Eye