Franchise branch gobbles up nearby independent agency

7 May 2021 | Renting

Franchise branch gobbles up nearby independent agency

The owner of the Bedford branch of Martin & Co has grown his business by more than 50 per cent thanks to his maiden acquisition.

The office has taken over nearby Compass Lettings adding more than 100 properties and two staff to its portfolio.

Former banker Shahid Miah, who bought the franchise in 2018, says: “The acquisition became a possibility through some great local contacts and the increase to our managed portfolio will offer not only additional income but also two experienced members of staff in the local area.”

Advertisement

Managing director of Martin & Co for the Midlands and North, Gareth Williams, says: “I’m delighted for Shahid. His patience and commitment were exemplary throughout the transaction and rarely has a ‘congratulations’ been more deserving.”

This post has originally been featured in Letting Agent Today.