Belvoir has acquired its 100th independent agency with its Northwood Wolverhampton operation snapping up Millenium Properties in the city.
This adds another 250 properties to the Northwood franchise’s portfolio.
“I am delighted the Belvoir Group has been able to successfully help franchisees to acquire 100 independent businesses since the launch of our specialist acquisition programme in 2013” says Belvoir chief executive Dorian Gonsalves.
“Helping franchisees to develop their businesses through acquisition remains a strong growth strategy for Belvoir and this milestone is a superb achievement by our in house 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 £25 million.
“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.”
Gonsalves says many franchisees within the group – Belvoir, Northwood, Newton Fallowell and Lovelle brands – are actively seeking to expand businesses through acquisition.
“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” he adds.
“We recognise that negotiating and managing any business transfer is a complex process, but it is one that the team has worked hard to streamline over the years, to try and make the acquisition as smooth and stress free as possible for all parties.”
This post has originally been featured in Letting Agent Today.