Gourock mum-of-two is encouraging local kids to get creative

January 19, 2019

ARTventurers Franchise UK – A GOUROCK mum-of-two who checked out of her career in retail is now encouraging local kids to get creative.

Cheryl Gray was so disheartened with her job after returning to work following the birth of her oldest son, now six, that she decided to change she would have to change direction.

After the birth of her second son she quit her managerial post and set up an art class for babies and toddlers.

Now, four years on from launching the award winning ARTventurers franchise, Cheryl has found a balance that works.

The 39-year-old, who runs creative classes at different venues across Inverclyde, said: “I took a leap of faith and it paid off in so many ways.

“I was in retail but with the long hours and with children it just wasn’t for me.

“Hats off to people who can do it, but I needed to find something else.

“I was paying a chunk of my wages on childcare so I decided to do something about it.

“I have always been arty and I thought, what can I find that suits me?”

Cheryl found the ARTventurers franchise and brought it to Scotland.

Related: Buying and Running A UK Children’s Franchises – What Does It Take?

From her first class in October 2015 she still has some of the same children coming along.

She has taken fun activities she enjoyed with her son Dylan, six, and Ethan, four, and out into various community venues.

Cheryl added: “We give children the chance of creative play in a nice, safe environment.

“I have lots of dads coming along at the weekends, which is lovely.

“It is creative play, giving children the chance to express themselves and for parents to spend quality time with together.

“It’s great fun for kids and their parents.”

Cheryl runs her ARTventurers in Greenock Baptist Church, Dazzles and Funworld.

Source: Greenock Telegraph

Business boost for Rossendale as eco-friendly housekeeping franchise opens new shop

January 19, 2019

Rossendale has been given a business boost with a new eco-friendly cleaning and laundry shop set to open in its town centre. Bright & Beautiful, the award-winning professional domestic housekeeping franchise, will open its doors on 18th January to local residents in and around the town.

The success of Bright & Beautiful’s cleaning service has led to the expansion of a drop-in laundry and ironing shop in Rossendale and will be located at 88A Bank Street, Rawtenstall.   Set up seven years ago with a team of 10 professional housekeepers, the business will continue to provide a range of eco-friendly cleaning, tidying, laundry and ironing to the highest standards of security and service.

Related: Bright & Beautiful Knutsford has been crowned ‘Business Transformation 2018’

Franchise owner, Nicola Bailey, has also recently won the prestigious ‘Service Business’ award at the annual Rossendale Business Awards 2018 for being the most successful and sustainable Rossendale service business.  The awards are an annual showcase for the achievements, quality and diversity of local businesses and enterprising people with 18 different categories.

Related: Cleaning Franchises in the UK – Here’s All You Need to Know

Thrilled with the launch of her new shop and winning the award, Nicola Bailey, added: “The future is really exciting for our business and we have so much to celebrate – both the opening of the new shop and recognition for the quality and scope of the service that we deliver to our customers”.  It is great to be able to demonstrate how we have a track record of success since we began trading in 2011 and to share how we plan to further develop and grow our business.  We are looking forward to welcoming new customers into our shop and to take care of the jobs they don’t have time for or enjoy doing themselves, leaving them free to enjoy their hard-earned free time.”

Source: Business Lancashire

Coffee Franchise UK – Should You Invest in a Coffee or Coffee Shop Franchise?

January 18, 2019

Saturated market that’s got no room for new players, or a crowded canvas ripe for innovation? Let’s see what buying and running a Coffee Franchise UK is all about.

Coffee has never really been the beverage of choice for Britons. We’ve always been more of a ‘tea’ people.

The historical trade connections to tea growing parts of the world are – quite naturally – at the heart of the quintessential British love for a piping hot cup of afternoon tea. Coffee never really was able to break that ice and end up becoming a socio-cultural phenomenon in the UK, as it did in the US.

But that has been fast changing, especially since the 90’s.

It would be hard today to find a restaurant or café that doesn’t serve coffee. In fact, a quick look around – especially at the younger demographic – tells us that coffee is in.

Coffee franchises, coffee shop franchises and even café franchises have a lot to do with this mini coffee revolution. In this post, we’ll see what buying a coffee franchise in the UK means in the current economy and what would-be franchisees need to know about the relative downsides of owning one.

Is There Enough Room for More UK Coffee Franchises?

Like we always do in our franchising blogs, we’ll start this analysis with a brief look at the market itself.

Coffee Franchise UK

Number of coffee shops in the UK (2007-2017)

  • The coffee market in the UK has been growing steadily in the last ten years. In 2008, the estimated coffee consumption in the UK was approximately 70 million cups a day. The same number grew to 95 million cups a day in 2018 – a 35% rise over ten years.
  • Instant coffee used to be the staple for coffee lovers in the UK. That has been changing – most coffee drinkers in the UK now give as much importance to the ‘coffee experience’ as to their coffee.
  • The coffee habits are evenly spread across all age demographics.
  • Britons spend over £9 bn each year on coffee shop visits.
  • 81% of adults are estimated to visit a coffee shop at least once each week. This rate of return visits is, in fact, one of the major factors behind the success experienced by coffee businesses.
  • There are close to 25,000 coffee shops spread across the UK. Of these, roughly 40% are branded chains, most of which can be safely assumed to be franchise units.
  • By 2022, the number of coffee shops in the UK is estimated to cross the 30,000 mark, with the annual industry turnover estimated to touch £13 bn.

Considering these stats, it’s clear that the idea of running a coffee franchise or a coffee shop franchise does deserve to be taken seriously.

At the same time, it’s important to consider a few negative points brought about by the present market situation:

  • The coffee shop market poses some unique challenges to new franchisees. The top 3 branded chains – Costa Coffee, Starbucks and Caffé Nero –take up more than 50% of the market share.
  • Only about 10% of overall coffee consumption can be attributed to coffee shop or café visits. Looked at from another angle, this can also mean that there’s huge potential for growth.

Sources: Independent, Statista, Convenience Store UK, World Coffee Portal

UK Coffee Shop Franchises – What Makes Them Tick?

Before we get to the franchising aspect of coffee businesses and coffee shops, let’s take a moment to understand why this particular industry has managed to post some of the best growth rates over the past few years.

Firstly, it must be appreciated that coffee is more than just a beverage – it’s a global phenomenon. You’ll meet equally passionate champions for as well as against coffee, as far as its productivity effects and long-term health impacts are concerned. One thing, however, cannot be denied – coffee is the go-to drink for millions of Britons, especially at workplaces.

“Apart from being a bona-fide productivity booster for many, coffee has also gained unquestionable dominance through a peculiar social angle. Whether it’s a date, a casual meeting or a business appointment – people like coffee to be the proverbial ice-breaker.”

Combine both these aspects and you get a step closer to understanding why coffee franchises have been doing great.

Recommended: Fast-Food Franchises Are Doing Great. Here Are 10 Thing You Need to Know About Them.

Does Your Coffee Franchise UK Offer a ‘Coffee Experience’ or Just Coffee?

As we mentioned earlier, we have come a long way from having to make do with soulless, cheap and – in all honesty – horrid tasting instant coffee. You won’t find many cafes or coffee shops serving those anymore.

But, why?

The answer is simple.

Regardless of the niche you want to be in, people expect their cup of coffee that costs anywhere between £2 to £5 to be a wholesome, rewarding experience. So, if you’re a coffee shop wanting to franchise, make sure you’re offering the best value combined with the best experience (if you aren’t already), otherwise there’s really nothing new you’d be bringing to the table.

If you are a would-be franchisee looking to invest into a coffee franchise, make sure your franchisor shortlist contains names that tick this box.

How Much Does a UK Coffee Franchise Cost?

Among all franchise business sectors out there, food and beverage franchises probably have the widest cost spectrum.

As far as coffee or coffee shop franchises go, the cost depends predominantly on two factors:

1. The Brand Name

The value of the franchisor’s brand plays a huge role. If you want to buy a franchise from a world-renowned brand like Starbucks, you will need to shell out hundreds of thousands of pounds in initial investments. More importantly, your investment potential, on its own, cannot still guarantee that you’ll really be able to own a franchise in such cases.

Of course, running a franchise under a brand that’s synonymous with coffee itself has its benefits. We would go so far as to say that buying a franchise under a well-established brand can take a whole lot of marketing hassle out of your way.

2. The Industry Niche

This will also have a telling impact on how much you’ll be paying to get started with a coffee franchise.

If the franchise is a new-age, out-of-the-van mobile coffee business, it’ll cost you – on an average – to the tune of £20,000 to £40,000. On the other hand, a location-based coffee shop franchise will cost you significantly more (upward of £50,000). Moreover, coffee shop franchises have other overheads like rent to worry about.

Coffee Shop Franchises Must Innovate

As we have already mentioned in the market review, there are over 25,000 coffee shops spread across the UK. This doesn’t even cover for all the other restaurants and cafes that serve coffee as a part of their menu.

So, how does one get noticed in such a seemingly overcrowded market?

Well, as usually is the case, the answer lies in innovation.

To succeed as a coffee franchise owner, you’ll need to make sure that you choose a franchise business that offers something unique. Here are some ideas that may be worth thinking about:

Menu Innovation – From Mundane to Exotic

Of all the coffee franchises that exist in the UK, many are young businesses built exclusively on menu innovations.

This applies even more prominently to businesses that operate exclusively in big cities.

Along with the generic, standard cup of coffee, businesses that offer new, exciting, innovative flavor varieties have a significant competitive edge. From the mysterious Hawaiian Kona to exotic Guatemalan El Injerto, coffees from around the world are now finding their place on menus across the UK. When buying a franchise, you need to look out for such USPs.

Finding A Lucrative Niche

This is the holy grail of franchise market research.

If the niche you zero in on doesn’t have much to offer, it’s always going to be a tough ride.

Think about this – it may make sense to run a mobile coffee franchise in a busy business district, but it would be almost pointless to do the same in a sleepy retirement village. In that sense, it becomes extremely important to mould your niche to the location you want to operate in or the territory you want to claim as your own.

Focussing on the Coffee Experience

Coffee franchises that aim to offer a complete coffee experience are usually the ones that win the race.

This isn’t to say that on-the-go coffee franchises that offer cheap coffee don’t make it – they certainly do. But, the ideal locations for such franchises are only a handful. These are also businesses that people visit only when they need to.

Instead, by investing a little more, if you could build a coffee shop franchise unit that offers a great social setting where people want to go, it could well be the recipe for great success.

Food Matters!

Coffee shops that serve nothing but coffee form a great niche. However, they are becoming a rarer sight every year.

Cross-selling and up-selling food items as complements to a cup of great tasting coffee is a trick that works more often than not. Just think about the times when you’ve ordered a biscotti or a shortbread to go with your tall frappe at Starbucks!

The point is this – when you’re looking for coffee franchise opportunities, it’s important to weigh the brand name, the business model and the USPs to arrive at an actionable conclusion.

Recommended: Pros and Cons of Running a Franchise Business – A Must Read for First-Time Franchisees

Types of Coffee Franchise UK

Here are some of the most common coffee franchise types that you can classify franchise opportunities into:

A. Coffee As A Commodity

These are a hit among the urban demographics. Gourmet coffee franchises work just like other retail franchise businesses. If you can combine unique products with a great location and prop it all up with a good deal of marketing, such franchises can be profitable investment opportunities.

B. Dedicated Coffee Shops

Among all coffee franchises, these seem to be the most common. To make a coffee shop franchise unit successful, it’s important to get two things right – a franchisors that offers unique flavors and a location that experiences heavy footfall.

C. Café Franchises

A strategic retail location combined with a range of menu items is the key here. Café franchises don’t focus exclusively on coffee.

D. Mobile Coffee Vans

In a large enough city, mobile coffee van franchises can secure steady business. These franchises are usually the lowest priced and worth considering if you can match the rigours of the job.

Recommended: The Only Franchising Checklist You’ll Ever Need. Download for FREE Now!

Top Coffee Franchises UK

To give you an idea about what they bring to the table, here’s an overview of some of the most popular coffee franchises UK*.

1. Coffee-Bike

  • Minimum Initial Investment: £7,490 (plus VAT)
  • USP: Coffee on a bike for events, gatherings and other occasions
  • Eco-friendly bike
  • No monthly fees, fixed royalty per sale
  • Full barista training
  • Over 250 units in operation

2. Cafe2U

  • Minimum Initial Investment: £10,000 (plus VAT)
  • USP: Mobile coffee vans
  • Barista training provided
  • Marketing support
  • No royalties
  • Fixed weekly fees
  • Partner income guarantees
  • Associate BFA Member

3. Esquires Coffee

  • Minimum Initial Investment: £85,000 (plus VAT)
  • USP: Retail gourmet coffee brand and coffee houses
  • Store-design and location assistance
  • Full training
  • Ongoing support
  • Equipment provisions
  • Associate BFA Member

4. Really Awesome Coffee

  • Minimum Initial Investment: £9,500 (plus VAT)
  • USP: Mobile coffee vans
  • Thorough training provided
  • Business launch assistance
  • Technical and technological help
  • Low ongoing fees
  • Get started fast
  • Associate BFA Member

5. CoffeeBoy

  • Minimum Initial Investment: £55,000 (plus VAT)
  • USP: New-age café experience
  • Funding assistance
  • Full training
  • Multi-unit operations available
  • Ongoing support

Coffee Franchise UK – The Takeaways

  • Focus on franchises that bring something new to the mix.
  • Market research is extremely important.
  • Draw a detailed business plan for all your shortlisted coffee franchise opportunities.
  • Go with franchisors that offer ongoing support and assistance.

If you run a coffee franchise, we’d love to hear from you. Your insights will help us educate thousands of regular readers who visit our website for free franchising guides.

Make a difference to your level of care with Bluebird Care

January 18, 2019

Regardless of your needs, we all want to receive the very best care and ensure we are being looked after properly. Bluebird Care puts you at the heart of everything they do, providing the highest level of care across Heywood, Middleton, Rochdale and Whitworth.

Fully trained and dedicated staff put you first, from the comfort of your own home.

Owned by local couple John and Beryl Keogh, who have returned to the area following 26 years of John’s service in the military, Bluebird Care Rochdale is a franchise of one of the UK’s largest provider of domiciliary health care for adults (over the age of 18).

Beryl has over 20 years’ experience working within a vulnerable person environment and has been working within the UK Care Sector since early 2013. Prior to that, she was primarily employed in children’s education, often within the Special Educational Needs (SEN) specialisation.

John hopes to deliver challenging, realistic and enjoyable training and guidance to those that deliver care.

Bluebird Care UK first opened its doors in 2004 as a small family business dedicated to providing high quality homecare services, having grown into a leading care at home provider, delivering around 20,000 visits each day right across the country.

John said: “Our team at Bluebird Care Rochdale aim to deliver a homecare service that we would be happy for our family and loved ones to receive, and we look to support our customers to maintain their independence and lifestyle by providing the highest quality of homecare.

“We provide the very best possible care and are committed to building a relationship that you can trust and rely on.”

Each person’s unique qualities and needs are cared for on an individual basis: everyone is treated like a valued member of the family whilst allowing you to continue leading a rich and fulfilling life.

Remain in control of your own level of care with anything from short term assistance to long term support and care with Bluebird’s range of flexible services from companionship to personal care, assistance with various domestic requirements and support with social activities, such as:

  • Help you start the day or get ready for bed with aid in washing, dressing or getting changed
  • Assistance with taking, collecting or returning medication
  • Preparing meals
  • Collecting your pension
  • Help with shopping, from making a list to putting it all away
  • Help with your laundry or ironing and keeping your home clean and tidy
  • Going out for a walk, visiting friends or family, etc.
Bluebird Care also offers fantastic career opportunities
Bluebird Care also offers fantastic career opportunities

Bluebird Care also offers fantastic career opportunities with a number of different pathways allowing you to establish the most rewarding career choice there is.

Related: Cambridgeshire and Norfolk home care company director nominated for ‘Female Entrepreneur of the Year’ at prestigious awards

John  continued: “We aim to look after our carers as keeping our own people happy supports the fantastic work they do and maintains the continuity to the customer over the lifetime of their care.”

Working with some of the most vulnerable members of society can give you enormous satisfaction and offers you an opportunity to make a real difference to someone’s life by providing the best possible home care.

Source: Rochdale Online

UFC Gym® UK Announces First Two Locations Opening In April 2019

January 17, 2019

UFC Gym, the first major brand extension of UFC®, today announced that the first two United Kingdom based locations will open in Nottingham’s City Centre (157 Huntingdon Street, Nottingham, NG1 3NL) and in Woking (12 – 14 The Centrium, Victoria Road, Woking, GU22 7PB) in April 2019.

The new fitness facilities enter the UK and Republic of Ireland as part of an exclusive 10-year partnership with TD Lifestyle plc., which has committed to opening more than 100 locations throughout the territory. “UFC Gym’s are an amazing way for individuals and families to work out and get in shape together,” former UFC middleweight champion Michael Bisping said. “We have a lot of different training programs suitable for all ages and we’re excited to finally bring our unique brand of fitness to the U.K. and Ireland.”

Since debuting in 2009, UFC Gym has opened more than 150 locations in more than 25 countries and territories, including the United States, Australia, Canada, India, Mexico, Taiwan, Vietnam and United Arab Emirates.

UFC Gym programming has been developed through exclusive access to the training regimens of internationally-acclaimed UFC® athletes, providing members with everything they need for the entire family to move, to get fit and to live a healthy life.

“Nottingham has always been a hotbed of combat sports, and with the cultural shift towards fitness, health and lifestyle, it makes the arrival of UFC Gym so important,” said former UFC welterweight and UFC Gym UK ambassador Dan Hardy, “I’m very excited that the first home of UFC Gym in the UK will be in my hometown. I know how welcome a world-class facility like UFC Gym will be, with Nottingham making the most of this amazing resource in fitness and martial arts.”

Related: Fitness Franchises – Should You Buy a UK Fitness Franchise?

The Woking location will be a CLASS UFC Gym, the newest concept in boutique studio fitness that focuses on a result-based and class centric format.

“We are passionate about opening our new boutique fitness franchise model in the UK,” said Joe Long, TD Lifestyle Director. “We are excited to open the first international CLASS UFC Gym, following on from the successful launch in the US. It’s an honour to help bring UFC Gym’s revolutionary style of fitness to new regions and to continually grow our Train Different philosophy.”

CLASS UFC Gym will offer H.I.I.T and Boxing Classes, with state-of-the-art fitness equipment and high-spec recovery area, including cryotherapy units and physiotherapy facilities.

Exclusive presale memberships for the Nottingham and Woking locations are available on www.ufcgym.co.uk. Members of the public can pre-register their interest for other locations now at www.ufcgym.co.uk/membership.

More information regarding the upcoming gym locations will be available at https://ufcgym.co.uk/ and across UFC Gym UK social channels.

Source: Franchising

Home Instead beats Mcdonald’s to top spot in UK franchise ranking

January 17, 2019

Home Instead Senior Care has been named the UK’s number one franchise company for the second consecutive year, beating Mcdonald’s and Snap-on Tools to the top spot.

The home care provider was recognised for its “continuous commitment to care” in the Elite Franchise Top 100 2019.

It was also rated for its financial performance, heritage, support offered to franchisees and ability to keep innovating.

Franchising contributes £15.1bn a year to the British economy and employs 621,000 people.

The Elite Franchise Top 100 celebrates this by recognising the best brands UK franchising has to offer, in an annual publication.

Martin Jones, managing director of Home Instead, said, “We are immensely proud to be the No. 1 franchise company. We have so much passion within the business for caring for our older generation. We consistently aim for excellence and to this end we believe in providing exceptional support for our franchisees.

“They are not only able to build a successful business, but are also giving back to their local community. By providing award winning care for older people, they are helping them to live their lives well, in their own homes.”

Related: The Elite Franchise 100 Reveals the Best Franchises in the UK

Home Instead Senior Care, established in 2005, now has over 195 franchise offices across the UK and has more outstanding ratings than any other home care provider.

The top 15 companies on the Elite Franchise 100 2019 were:

1. Home Instead Senior Care

2. ènergie Fitness

3. McDonald’s

4. Snap-on Tools

5. ActionCOACH

6. Tutor Doctor

7. Caremark

8. Subway

9. Driver Hire

10. InXpress

11. MOLLY MAID

12. Papa John’s

13. Tax Assist Accountants

14. Expense Reduction Analysts

15. The Creation Station

Source: Home Care Insight

Year-old KFC franchisee ranked the chain’s most operationally efficient

January 16, 2019

Splendid Restaurants Colonel has been awarded the ‘World Class Operations’ title at the KFC Franchise Awards for the UK and Ireland, just a year after it began working with the brand.

The award is the ultimate accolade of the annual event, recognising Splendid Restaurants Colonel – part of the Splendid Hospitality group – as the leading regional franchise.

The company, which became a franchise partner of KFC UK and Ireland in 2017, was measured on a number of components in order to claim the accolade including leadership structure, vision and investment in current assets.

It was also benchmarked on its appetite for new restaurant openings and people development, while an ‘Operations Capability Assessment’ saw it rack up a score of 89%.

Prabu Narayana, managing director of Splendid Restaurant Colonel, said: ‘‘From winning the Newcomer of the Year in 2017 to taking home the title of World Class Operations a year later is a testimony to the diligence and commitment of the Splendid Restaurants Colonel team. Customer service and our people are at the heart of our brand and I am devoted to support and lead a passionate team who share the same robust vision for success.”

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

Stuart Bailey, CEO of Splendid Hospitality Group, said: ‘‘The award is evidence of the proficient strategic business planning by the dedicated team, who have been paramount to the brand’s success since becoming a KFC franchise partner 19 months ago. The team are undoubtedly committed to the KFC culture and continue to deliver world class business acumen, so we are delighted to be awarded with such a momentous title at this year’s Franchise Awards.’’

KFC operates around 900 stores in the UK, the majority of which are franchise owned.

Source: Foodservice Equipment Journal

Pizza Express CRISIS: Restaurant chain feared to be next high street casualty

January 16, 2019

PIZZA Express could become the next iconic chain facing closures as the British high street crisis rages on.

Fears are growing over the future of the pizza restaurant franchise after it emerged owners may not be repaying its full debt. The company is owned by Chinese private equity firm Hony Capital, which is due to repay around £650million over the next three years. But their efforts may fall short, as the total debt accrued by Pizza Express amounts to more than £1billion, according to the group’s 2017 annual report.

Pizza Express faced interest costs of nearly £90million in that year alone, when it lost £28.7million before tax.

And the chain has suffered from the rising cost of food, as well as high rents and business rates, plus increases in national living wage and national minimum wage.

The possible crisis of Pizza Express would be the latest to hit Britain’s High Street.

Among the restaurant chains already suffering losses and closures are Byron Hamburgers, Prezzo and Jaime’s Italian.

And as many as 14 shops are closing every day, according to a report from accountancy firm PwC which spoke of the toughest trading climate the High Street has faced in the past five years.

A staggering 2,692 stores were shut down in the first six months of 2018 alone, with fashion and electrical stores suffering the most.

And the opening of new shops fail to replace the closures, as only 1,569 new stores popped up during the same period.

Across the UK, London is the area hit the hardest by the crisis, while Wales suffered the lowest number of closure.

Lisa Hooker, consumer markets leader at PwC, said: “Looking ahead, the turmoil facing the sector is unlikely to abate.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

“Store closures in the second half of the year due to administrations and company voluntary arrangements a form of insolvency already announced will further intensify the situation.”

One of the major triggers of the crisis of the UK’s High Street is the fact that consumers are spending less and prefer shopping on online stores, often cheaper than physical shops.

This left many independent and franchise retailers struggling to pay rents, salaries and business rates.

Chancellor Philip Hammond promised in his 2018 Spring Budget to tackle the problem and help businesses, saying he would reduce the business rates bill of 500,000 small retailers by a third.

But this manoeuvre was deemed unsatisfying by the British Retail Consortium, who said the Mr Hammond was “tinkering around the edges” and called for “wholesale reform” of the business rates system.

Source: Express

Belvoir Lettings shares rise as it hails success of its assisted acquisitions programme

January 15, 2019

The assisted acquisitions programme has been embraced by all three networks within the Belvoir Group, with 11 taken up by the Belvoir network, 13 by Northwood and 2 by Newton Fallowell.

Belvoir Lettings PLC (LON:BLV) shares rose on Thursday after the UK’s largest property franchise group exceeded its 2018 target for assisted acquisitions by its franchisees.

The AIM-listed lettings agent said beefing up the assisted acquisitions programme is a core part of its growth strategy.

During 2018, franchisees completed on 26 transactions under the Belvoir-assisted acquisitions programme, increasing the acquired annualised network revenue to £6.9mln; the target for the year had been £6.6mln.

These acquisitions are expected to add in excess of £600,000 a year of recurring management service fees, which is the main revenue stream for the group. It also adds more than 4,400 managed properties, increasing the portfolio by 7%.

The Belvoir Group now represents over 62,000 managed properties.

In comparison with 2017, the average size of the business acquired increased by 85% to £266,000 in 2018 from £144,000 annual revenue in 2017. This reflects a contraction of the number of agents in the sector not only among the smaller operators but also many of the larger independent agents, as the impact of the number of landlords selling their properties due to a less favourable tax regime and the increased regulation on lettings agents took effect.

Belvoir provides funding of up to 30% of the purchase price through its assisted acquisitions team. In 2018, the group contributed £660,000 in total towards purchases, representing around 9% on average of the purchase price.

CEO lauds franchise opportunities

“The Assisted Acquisitions programme, now in its sixth year, has gone from strength to strength and continues to grow. Since 2014 we have provided both commercial and financial support to 70 of our franchise owners, many of whom have doubled the size of their business overnight,” said Dorian Gonsalves, the chief executive officer of Belvoir Lettings.

Related: Belvoir Lettings Interim Earnings Rise, Declares Unchanged Dividend

“We continue to witness consolidation within the sector, a trend which supports our 2018 prediction that there will be 20% fewer agents by the end of 2020. This is evidenced by our acquisition opportunities pipeline being far greater than in previous years,” he added.

“Our franchisees are professionally and financially equipped to take advantage of these opportunities and we currently have 83 franchise owners who are actively searching for a suitable match within their territory. Belvoir is here to support our franchisees’ entrepreneurial growth ambitions, which will benefit the group and our shareholders alike,” Gonsalves concluded.

In afternoon trading, shares in Belvoir Lettings were up 1.1% at 92.50p.

Source: Proactive Investors

Subway on the hunt for new franchisee for Ryde stores

January 15, 2019

2 Subway stores in Ryde could soon re-open as the hunt for a new franchisee continues.

Applications to take over operations of the stores at High Street and Union Street are currently being accepted and reviewed.

Despite only opening in 2014, the High Street store closed its doors last year shortly after being slated and fined by the Isle of Wight Council for poor food hygiene. However, Subway say that the closure of the store is not in connection with the issues reported in April 2018.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

The closure was followed by the shutting of the long-established outlet at the bottom of nearby Union Street. Both remain closed.

A spokesperson for Subway UK has said:

“The two Subway stores in Ryde are currently closed, this is not in connection to the issues reported upon in April 2018. We hope to reopen the stores soon and we are currently accepting and reviewing applications to take on the franchise.

In addition to the closure of 2 stores in Ryde, Newport’s first and only store also closed in 2018. It has now re-opened until new management.

Related: Do you fancy owning your own Subway? Here’s how you can make that happen

The spokesperson continued:

“We are pleased to announce that the Subway store in Newport reopened in December 2018 under new management. The franchisee has received excellent feedback from guests and looks forward to continuing to offer great value and healthier menu options to the local community.”

Source: Island Echo