Belvoir Swansea Named Best Franchise in UK

April 7, 2022

Belvoir Swansea has scooped the coveted Gold Award for Belvoir Franchise of the Year at the UK-wide Belvoir Annual Conference and Awards 2022, defeating 166 other franchises.

 
At the same award ceremony, the Swansea franchise, which is headed up by husband and wide duo, Ben and Daisy Davies, also won the Innovation Award for its dedication to new technology and their ability to grow and innovate during the pandemic.

Belvoir CEO Dorian Gonsalves, said: “I am absolutely thrilled that Ben and Daisy Davies of Belvoir Swansea, Mumbles and Sketty won the Gold Award for Franchise of the Year 2022. They are incredibly popular with everyone in the network and unsurprisingly received a standing ovation from everyone in attendance when their names were called out as winners of this prestigious award.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

“I’ve known Ben and Daisy since they first joined Belvoir 12 years ago. They took on the Belvoir Swansea office as a cold start business and have built their business up over the years, adding two more Belvoir offices in Mumbles and Sketty and literally gone from zero to heroes, becoming incredible ambassadors for the Belvoir brand. They are highly deserving of the title Belvoir Franchise of the Year and I would like to wish Ben, Daisy and the teams at Belvoir Swansea, Mumbles and Sketty many congratulations and every success for the future.”

Related: Belvoir Franchise

Speaking of their win, Ben Davies said: “Daisy and I are so happy and pleased! We won the Silver Award in 2020 and 2021, so to win Gold this year is just brilliant. We’ve always strived to win Gold and will definitely be striving to win it again next year. Daisy and I would like to thank our amazing team, who do so much every day to help us achieve success. They are as thrilled as we are to win this title, and we are really looking forward to celebrating with them.”

The Belvoir Annual Conference and Awards is sponsored by SDL Property Auctions and Let Alliance. The event welcomed franchisees, guests and suppliers from across the UK to celebrate achievements and help boost business growth.

Source: News from Wales

Franchise agency opens latest branch as part of London expansion

February 11, 2022

Franchise estate agency chain Winkworth has expanded its presence in prime south west London with the opening of a new Wimbledon office.

 
The new office franchisees are Mana Legha and his business partner and wife Gabriela, who has over 13 years’ experience working in prime property in the capital for Knight Frank and Savills, specialising in new development sales.

This is Winkworth’s 15th office in south west London, with more than 60 branches in the capital and a nationwide network of more than 100 outlets.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

Mana Legha says: “Wimbledon has an enormous cachet as a place to live and has a global reputation, thanks to Wimbledon fortnight, when tennis fans across the world are focused on SW19. Demand for the area is very strong as people look to move to larger homes, close to green spaces such as Wimbledon Common, in an area with outstanding independent and state schools and excellent transport links to the West End, City, Gatwick and the coast.”

Gabriela Legha adds: “The location appeals to London buyers and international clients looking for a London base, as well as young professionals and families looking for an attractive place to live. Wimbledon is one of London’s smartest villages, with wonderful shops, riding stables, cafes, restaurants and pubs, and a real village feel. We are delighted to have joined Winkworth and to be part of such a powerful upmarket brand – a perfect fit for our Wimbledon office.”

Related: Property & Estate Agency Franchises – Search Franchise Reviews Directory

The company says the latest opening is part of its expansion strategy in London.

By Graham Norwood

Source: Letting Agent Today

Property Franchise Group revenue jumps in acquisitions and strong agency demand

February 2, 2022

Property Franchise Group has reported an unaudited 119% increase in sales to £24.1m helped by the acquisition of Hunters and the expansion of their hybrid agency business.

 
The company said the strong sales figures meant full year profit was likely to be ahead of current market expectations.

Property Franchise Group is the largest property franchisor in the UK and manages the second largest estate agency network including brands Martin & Co, EweMove, Hunters, CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country Properties.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

The group’s revenue was boosted by the Hunters acquisition which was completed in 2021. The £25m deal added 209 branches to the Property Franchise Group and is responsible for a large proportion of the groups additional revenue I’m 2021.

The acquisition of Mortgage Genie for an initial £400,000 was also completed in 2021 to help the group financial services offering.

“The Board and I are delighted to report that the excellent trading momentum seen in the first six months of 2021 continued in the second half. We have built a fantastic senior management team across the Group with an incredible combined knowledge and experience of the market,” said Chief Executive Officer, Gareth Samples.

Related: Property & Estate Agency – Search Franchise Reviews Directory

“The value of their guidance and support can be seen reflected in the fact that we are seeing more and more people interested in joining our franchise network, as well as existing franchisees wishing to expand their representation.”

Property Franchise Group said they expected preliminary results for the year ended 31st December 2021 to be released on Tuesday 5th April 2022.

Source:  UK Investor Magazine

Boost for Winkworth – leading agents take over brand’s Ealing and Acton franchise

September 22, 2021

Jonny Dyson, a leading London estate agent and the former regional director of John D Wood & Co., has joined Winkworth with the acquisition of its Ealing and Acton office franchise in West London.

 
Dyson has taken over the Winkworth Ealing and Acton office, in partnership with Terence Long, a previous employee of Winkworth offices including Notting Hill, Chiswick and Ealing & Acton.

As well as John D Wood, Dyson – who has been an estate agent for more than a quarter of a century – has also worked at director level at Jackson-Stops and Hamptons.

He said of the acquisition: “I needed a new challenge and left John D Wood after four years of running 10 London offices at the beginning of last year. The lockdown then gave me time to think properly about what I wanted to do for the next chapter of my career, and that was to run my own business.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

“I was very impressed with the Winkworth network and its expansion in London, and so when the opportunity arose to buy the Ealing and Acton office franchise I talked to an old friend and fellow professional, Terence Long, and we decided this would be a great way to start a business as partners.”

He added: “It helps that it’s an area that we both know very well. There are some wonderful streets around Ealing Common, with very attractive houses, and Winkworth operate in the mid to top end of the market. Ealing offers great value for people moving out of more central areas such as Notting Hill and Kensington in search of more space. The area is incredibly well-connected, with the underground, Crossrail about to open, plus road access to the M40, M4 and M25.

“The office has a strong property management team with some very longstanding clients and a great lettings operation. We are investing heavily in the office in order to drive forward the business with a fresh approach and the backing of the Winkworth marketing and head office team.”

Dyson and Long have plans to expand further, with more Winkworth franchises around West London already in the pipeline.

Related: Property & Estate Agency Franchises – Search Franchise Reviews Directory

“There is huge potential in West London and we will be looking to grow our business with Winkworth. It is very exciting to be in charge of our own business yet have the firepower of the Winkworth network across London and in the country working with us,” Dyson added.

Dominic Agace, chief executive of Winkworth, which has 60 offices in the capital, part of a nationwide network of over 100 offices, said: “We are delighted that Jonny and Terence have joined us, bringing their exceptional experience and knowledge of the property market and London agency to Winkworth.”

Lucy Britton, head of talent and recruitment at Winkworth, said: “We are always looking to identify talented, ambitious individuals who may be interested in opening a new office or taking over an existing franchise and are very happy to have a confidential discussion about their future plans and how they could join our network.”

By Matthew Lane

Source: Estate Agent Today

Century 21 UK named as UK’s best property and estate agency franchise

July 26, 2021

Century 21 UK has been ranked at number 18 in the 2021 franchise industry league table, jumping 33 places from 2020 and the top property company.

Century 21 UK has been ranked at number 18 in the 2021 league table, jumping 33 places from 2020 and the top property company.

 
The accolade comes as part of independent research by franchise B2B website.

Each year the site publishes its list of the Top 100 Franchises in the UK based on research into key areas of business performance, including stability and growth, revenue, market expansion and social responsibility.

Century 21 UK ranked at number 18 in the 2021 league table, jumping 33 places from 2020. With the top three being McDonald’s, Autosmart and Domino’s, Century 21 UK is the only property and estate agency franchise to fall within the top 80.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

In the past 12 months, Century 21 UK launched three new business models to better support those impacted by Covid-19. The Solo model is designed to allow self-employed agents to work from home and share territories with other agents. Flex caters for franchisees wanting a better work life balance by setting their own working hours without the fixed cost of a high-street office. Finally, Century 21 Max follows the more traditional model of high-street estate agency franchising.

Each of the new models has already attracted new talent into the franchise industry, seeing new franchisees joining Century 21’s 43 branch-strong UK network.

Related: Property & Estate Agency Franchises – Search Franchise Reviews Directory

Link to Franchising featureCommenting on the Top 100 ranking, Chris Summers (left), head of franchising at Century 21 UK, said,
“This is a great achievement in what has been a challenging 12-months for the industry as a whole. It’s testament to an entire team effort.

“As a business, we have been quick to react to the changing needs of both franchisees and their customers, introducing three new models that offer greater flexibility. Our 2021 ranking reflects the success of that and cements our position as one of the UK’s leading estate agency franchises.”

In addition to the Top 100 success, Century 21 UK is also celebrating achieving membership status of The Encouraging Women in Franchising (EWIF) Group. Members of the Century 21 UK team will act as ambassadors to inspire, encourage, educate and support women considering franchising or those already working in the industry.

Related: Century 21 Franchise

Chris added, “Our franchise network greatly benefits from diversity and we are committed to supporting women who are looking for a route into the franchising industry.

“Last year, we celebrated our Notting Hill franchisee Elena Dimova achieving finalist status as part of EWIF’s Woman Franchisee of the year award. Elena has been with us for over 15 years and is consistently our top performing franchisee. She is certainly testament to what can be achieved in the industry.”

Source: The Negotiator

Franchise chain opens seventh office in the same county

June 8, 2021

Franchise giant Winkworth has opened a new office in the south west at Ferndown in Dorset.

 
The office has been opened by James Hadley-Clift, his second franchise in two years for Winkworth, following Southbourne on the outskirts of Bournemouth last year.

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Ferndown is the seventh Winkworth office in Dorset joining Southbourne, Westbourne, Poole, Milford-on-sea, Highcliffe and Mudeford.

Clift’s business partner at Ferndown is Rosella Short, who worked for five years with a London agent and is moving back to Dorset.

Related: Property & Estate Agency Franchises – Search Franchise Reviews Directory

Dominic Agace – chief executive, Winkworth – says: with 100 franchised offices nationwide, including 60 in London, said: “We now have a substantial presence in Dorset and Ferndown opening reinforces our ambitions for further expansion in the south west. We are keen to talk to independent agents or those who would like to start their own businesses in the region.”

Source: Letting Agent Today

EweMove takes over nearby franchise agency and lettings book

January 11, 2021

A EweMove branch has acquired a nearby Martin & Co operation, including its portfolio of 150 managed properties.

 
Both firms are owned by parent company The Property Franchise Group.

The deal sees two members of staff from Martin & Co in Salisbury join the EweMove operation based in Winchester.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

EweMove franchise holder Malcolm White says: “Having launched EweMove in 2016, the business has enjoyed lots of successes from a standing start and we’ve helped lots of local buyers, sellers, landlords and tenants. But to see the business grow in this way is hugely exciting – particularly as Martin & Co is an agency with such an established reputation in the area.”

Related: Property & Estate Agency – Search Franchise Reviews Directory

He continues: “Our EweMove business is very much based on a genuine passion for property and an absolute commitment to customer care. We’re hugely excited about the year ahead and look forward to helping more people locally with their property plans.”

The Property Franchise Group is currently in talks concerning a possible takeover of Hunters.

Related: EweMove Franchise

By Graham Norwood

Source: Letting Agent Today

Belvoir completes milestone acquisition

October 16, 2020

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.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

“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

Belvoir CEO delighted housing restrictions have been lifted and expects quick lettings bounce back

May 17, 2020

Belvoir Group PLC’s (LON:BLV) Dorian Gonsalves says the re-opening of the housing market by the government has come earlier than expected.

 
The ban on people moving and renting houses was lifted on Wednesday, two months after the lockdown was introduced but a month earlier than it was budgeting for.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

Gonsalves expects a swift recovery especially on the lettings side as this is a fast-moving market and people might have been fed up with their house during lockdown, while landlords will be keen to get voids filled as soon as possible.

Belvoir has also so far seen a far lower level of arrears than it predicted when the lockdown was introduced.

Related: Belvoir Franchise

Gonsalves adds it did not lose one franchise to financial distress during the lockdown period, underlying the strength of its network.

By Andrew Scott

Source: Proactive Investors

Belvoir Profit Rises In 2019 But Decides Against Final Dividend

April 4, 2020

Belvoir Group PLC on Monday said it will not be paying a final dividend for 2019 despite profit growth, as Covid-19 is expected to hurt its 2020 performance.

 
The property franchise said pretax profit in 2019 increased to GBP5.6 million from GBP5.5 million a year ago, as revenue grew by 43% to GBP19.3 million from GBP13.4 million.

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However, Belvoir noted its administrative expenses jumped to GBP7.6 million from GBP6.6 million year-on-year.

The company said Covid-19 is expected to have a “significant” impact on trading in 2020 and therefore it has decided against proposing a final dividend for 2019.

Related: Property & Estate Agency Franchises – Search Franchise Reviews Directory

For 2018, the company paid a total dividend of 7.3 pence, while interim dividend for 2019 totalled 3.4p.

“Whilst 2020 will be adversely affected during the period of economic inactivity due to Covid-19, the group has achieved a very good set of results for 2019, with outstanding revenue performance, having overcome the twin challenges of the tenant fee ban and the economic and political uncertainty surrounding Brexit,” said Chief Executive Dorian Gonsalves.

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AIM-listed Belvoir shares were trading 6.4% lower in London on Monday at 94.98p each.

By Evelina Grecenko

Source: Morningstar