Franchise brand opens new office – 20 years after launching its first

August 8, 2019

The owners of four branches of a franchise agency in Berkshire have launched a new office in the county, just over 20 years after opening their first.

Simon Gregory, Bruce Taylor and Dale Kempson – who already own Parkers offices in Burghfield Common, Theale, Tilehurst and Tadley in Hampshire – have now opened an additional branch in Spencers Wood.

 
Taylor, who launched Parkers Tilehurst alongside Dale in January 1999, says: “The Parkers name really is synonymous with the Reading area and pretty much anyone still in the estate and lettings agency business locally who started in the 1980s and 1990s would have begun their career at Parkers.”

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

He started his career in 1987 at Parkers in Wokingham, before several other roles in Berkshire led to him working under Kempson in Langley, near Slough. The pair joined forces in 1999 to open Parkers Tilehurst, before purchasing the Burghfield Common branch two years later.

Gregory then joined Bruce and Dale in 2010 and in 2013 the trio opened Parkers Theale.

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

Three years later they bought the Tadley office, with the Spencers Wood office opening its doors for the first time this summer.

Parkers is one of six brands under the Property Franchise Group umbrella.

Source: Estate Agent Today

Platinum Property Partners awarded top 16th position in the Elite Franchise Top 100!

August 8, 2019

Over the years, Elite Franchise Magazine have had the great privilege of working with some of Britain’s best franchises.

The company state that they were so inspired by these superlative businesses that we believed it was time to recognise the many matchless brands operating in the sector.

 
Now, the Elite Franchise top 100 is recognised as a new league table that celebrates the greatest franchises the UK has to offer.

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

Allowing franchisors to duke it out on everything from growth to the support they offer franchisees, the Elite Franchise 100 recognises the sector’s brightest businesses and ranks them according to a broad range of criteria from their heritage in the industry to their contribution to the community and the way they embrace innovation.

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

Ranking applicants from 100 to one, this guide defines the best opportunities in the UK, whether they’re a flourishing franchise at the top of their game or a budding business making its first inroads into the industry.

Platinum Property Partners have been awarded the Top 16th position, ahead of franchises such as CEX, Anytime Fitness and Vodafone.

Related: Platinum Property Partners Franchise

If you’d like to download your own digital copy of this magazine, then visit the link below:

https://bit.ly/2B2nmNQ

Platinum Property Partners are now a member of the AFA as well as BFA!

August 8, 2019

PPP have received yet another seal of approval, as they have now become a full member of The Approved Franchise Association as well as The British Franchise Association! The AFA are dedicated to promoting the highest standards in the franchise industry and ensuring continued success for all those involved.

 
All potential AFA members undergo an extensive vetting process by an official body, which includes a detailed review of both prospectus and marketing material. As well as in-depth conversations with both the franchisor and franchisees. The aim of this process is to confirm that the franchise offering is completely ethical, sustainable and transferable.

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

Those working for PPP said “we are proud to have gained the seal of approval to be part of this network for franchisors and look forward to offering our knowledge to the wider franchising community”.

Related: Platinum Property Partners Franchise

Belvoir to meet expectations with profits ahead of H1 2018

August 7, 2019

UK property franchise Belvoir Group PLC (AIM: BLV) booked positive trading performance in the first half, despite challenging market conditions and legislation change.

 
The Company noted that Management Service Fees rose 5% at their 300 high street lettings and estate agency offices, despite a backdrop of falling sales activity and a ban on tenant fees introduced in June 2019. The Board noted that profits and sales were both ahead of results for the first half of 2018, and that the Group benefitted from the acquisition of financial services network, MAB, in November 2018.

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

Net banked commission was also up 23% on-year. In turn, the Board were confident of meeting market expectations for the full year.

Belvoir comments

Dorian Gonsalves, CEO, commented,

“The Board was very encouraged by trading during the first half of 2019 with our franchise model proving to be resilient to changes in the sector and our diversification into financial services providing an additional revenue stream for both our franchisees and the Group.  We have seen positive results both from our property franchise and our financial services networks, and are confident that the Group is well positioned to take advantage of the opportunities arising from a more challenging market.”

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

Investor notes

Despite what could have perhaps have been seen as a positive update, the Company’s shares were down 3.96% or 4.50p to 109.00p a share. The Group’s p/e ratio is 9.15 and their dividend yield stands at 6.61%.

Related: Belvoir Franchise

By Jamie Gordon

Source: UK Investor Magazine

Ewemove helps parent company TPFG achieve record revenues

August 3, 2019

Turnover at Ewemove increased by 11% during the first six months of 2019, helping its parent company increase its franchisee fee income to £4.4 million.

Revenues at hybrid estate agency Ewemove have jumped by 11% during the first half of the year, its parent company The Property Franchise Group (TPFG) has revealed within its interim half-year results.

 
The online agency, which was bought by TPFG in 2016 from its founders, has been the star of the lettings-dominated franchising giant for some time now.

Over the past six months the hybrid agency, which is famed for its green sheep logo, has helped TPFG increase overall revenues by 3% so far this year.

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

The group’s income from the fees paid to it by its franchisees hit a record £4.4 million during the first six months of the year, topped up to £5.5 million by revenues from other activities including franchise sales and ancillary operations linked to its other brands.

These are Martin & Co, Whitegates, Ellis & Co, CJ Hole and Parkers.

“We are pleased to continue to deliver revenue growth across both our high street brands and also our online brand, EweMove, in what has been a tough market,” says Chief Executive Ian Wilson (left).

“Although we have yet to see the full impact of the tenant fee ban which came into force on 1st June 2019, we are confident of the actions being undertaken by our franchise network to mitigate the impact on revenues.”

Related: Property & Estate Agency – Search Franchise Reviews Directory

WILSON TO RETIRE

Wilson has announced that he is to retire from the company in 2020 after 16 years. He joined Martin & Co from Connells in 2003 and rose to be its Managing Director before getting the top job at TPFG.

Related: EweMove Franchise

“I have seen the company through its IPO and its successful years since,” he says.

“Throughout this time the business has shown the strength of its franchise model, the quality of its board and management team, and the resolve and determination to succeed of its franchisees.”

By Nigel Lewis

Source: The Negotiator

Global franchise giant opens 49th high street branch

July 9, 2019

Century 21, the global estate agency franchise, has opened its latest high street branch in Cheltenham.

The franchise, Century 21’s 49th in the UK, is being operated by a husband and wife team, Carlos and Sonia Setubal.

 
The Portuguese couple are new to the industry, with Carlos having worked as a civil engineer and Sonia as a teacher.

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

“We were searching for a partnership with a company with a solid background which would be able to provide us with the necessary support needed to start a new business,” says Carlos Setubal.

“We have seen Century 21’s global presence and we really wanted to be a part of this.”

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

Chris Summers, head of franchising for SDL Group, which owns the licence for Century 21 in the UK, adds: “Sharing our passion to provide exceptional customer service, Carlos and Sonia are a great addition to the Century 21 UK.”

Related: Century 21 Franchise

The new branch is celebrating its opening by offering vendors 50% reduced fees if a property is not sold within 90 days and 12 months of free property management for landlords.

By Conor Shilling

Source: Estate Agent Today

From assistant to branch owner – the latest Belvoir acquisition

July 1, 2019

The latest owner of a Belvoir franchise is a 31-year-old former part-time assistant at the company, who rose to office manager and has now bought the Aberdeen branch.

Skylar Atkinson originally joined Belvoir Aberdeen in an admin role as part of a university placement for her degree in business studies.

 
“I used to come and work on reception for a couple of days a week. When I finished my degree in 2018 I gradually began to take on more and more responsibilities. I realized that I absolutely loved working at Belvoir Aberdeen and when the owner announced plans to sell I saw this as a perfect business opportunity” she says.

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

“Including myself, there is a team of six people at Belvoir Aberdeen and at present we are focusing purely on lettings, but I have many exciting plans for the future. As I have worked here already for some time I am very familiar with the business, and I’m looking forward to implementing my plans and making Belvoir Aberdeen into the best agency in the area.”

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

Belvoir chief executive Dorian Gonsalves says Atkinson has fantastic potential with her new branch.

“Belvoir’s franchise support team always work hard to help owners sell their business to the right person whenever they wish to implement an exit strategy. As Skylar has already been working within the business for some time she was perfectly placed to become the new owner, and is one of a number of ambitious young entrepreneurs to have joined Belvoir in recent times. She will undoubtedly invigorate this business and make it into a real force to be reckoned with.”

Related: Belvoir Franchise

By Graham Norwood

Source: Letting Agent Today

Parkers Reading acquires new clients to bolster its portfolio

June 22, 2019

The Reading branch of national sales and lettings agency Parkers has bolstered its managed portfolio by acquiring independent agency Samuel James.

Parkers Reading has also taken on six staff from Samuel James.

Parkers Reading owner Craig Pearson, who also owns Parkers branches in nearby Woodley and Earley, said: “It was important to the owner that he found a buyer to continue looking after his clients as well as his current staff.

 
“We were extremely pleased and proud that we were seen as the agency to do all that based on our ethos and care for our existing clients.”

Craig is one of Parkers’ longest serving property experts, having joined the brand as a sales negotiator in Bracknell in 1993.

Spells at branches in Crowthorne and Wokingham followed before he was promoted to branch manager at Reading in 1996.

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

After purchasing the Reading branch in 1999, Craig has gone on to purchase Parkers’ offices in Woodley and Earley.

Craig, whose latest acquisition boosted the branches’ managed portfolios by a huge 33 per cent paid tribute to the support of the Property Franchise Group (TPFG).

He added: “To be honest it wouldn’t have happened with out them.

“From being able to make an offer and being advised by an acquisitions expert, to the audit process and the support for my team, they have been amazing.”

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

Xperience and Whitegates Managing Director Kate Toland said: “Craig has always been extremely forward-thinking and I’m delighted to see this latest acquisition cross the finish line.

“He has built a superb team and the clients acquired from Samuel James will now benefit from that team’s superb levels of service.”

By Andrew Colley

Source: Reading Chronicle

Property Franchise Group brand snaps up another independent agency

June 7, 2019

A branch of national agency Parkers has bolstered its managed portfolio by acquiring independent company Samuel James.

Parkers’ Reading branch has also taken on six staff from Samuel James.

Parkers is one six brands under the Property Franchise Group umbrella, and Reading branch owner Craig Pearson – who also owns Parkers offices in nearby Woodley and Earley – says: “It was important to the owner that he found a buyer to continue looking after his clients as well as his current staff.

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

“We were extremely pleased and proud that we were seen as the agency to do all that based on our ethos and care for our existing clients.”

Pearson joined the brand as a sales negotiator in Bracknell in 1993 and has been branch manager at Reading since 1996; he purchased it in 1999.

Xperience and Whitegates managing director Kate Toland says: “Craig has always been extremely forward-thinking and hugely ambitious and I’m delighted to see this latest acquisition cross the finish line. He has built a superb team across three branches and the clients acquired from Samuel James will now benefit from that team’s superb levels of service and vast experience of the local area.”

Related: Property & Estate Agency – Search Franchise Reviews Directory

Source: Letting Agent Today

Industry veteran becomes chair of franchise giant as founder retires

May 20, 2019

The founder of franchise giant Belvoir, Mike Goddard, has now stepped down as chair of the company, two years after quitting as its chief executive officer.

Goddard founded Belvoir with his wife Stephanie in 1995 and at yesterday’s Annual General Meeting of the firm – the last with Goddard as chair – the current chief executive Dorian Gonsalves spoke of the pleasure he had of working with the founder since 2005.

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

“Through his entrepreneurial spirit and his passion for franchising, Belvoir has become the largest property franchise group in the UK.  I would like to express my personal and the board’s sincere gratitude for all that Mike has done and achieved as founder, chief executive and chairman over the past 24 years” Gonsalves said.

Taking over as chairman from today is industry veteran Michael Stoop, who has 40 years experience in the industry, much of it involved with franchise operations.

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

During that time he has been managing director of Winkworth, was the head of Xperience (the agency franchising arm of Legal & General), was group managing director at Martin & Co – now named The Property Franchise Group – and is still involved on the board of at least one PropTech company.

Stoop is, in addition, vice-chairman of The Property Ombudsman.

“We welcome as chairman, Michael Stoop, who has over 40 years’ experience of the property franchise sector and has already made a significant contribution since joining the [Belvoir] board in March 2018” says a statement from Dorian Gonsalves.

Related: Belvoir Franchise

The AGM heard that Belvoir’s first quarter trading for 2019 was exceeding expectations in all three of its activity areas – sales, lettings and financial services.

By Graham Norwood

Source: Estate Agent Today