At Belvoir we have considerable experience in facilitating acquisitions and have been successful in completing numerous transactions ranging from values of £25,000 to £1.5 million. We are keen to consider all sizes of opportunities.
Contact our Acquisition Team today to discuss your situation.
Fill out the form and one of our friendly acquisition experts will be in touch to complete a short questionnaire and assist in the valuation of your business.
We will introduce you to a suitable franchisee in your area and arrange a meeting where we will discuss our valuation.
Our experienced team will work with the franchisee to determine the most efficient way to fund the transaction.
Once negotiations are complete, we will prepare Heads of Terms for both parties, minimising your legal costs.
Our Brand Standards & Compliance Team will arrange a discreet Due Diligence visit.
We will endeavour to ensure a stress free transaction throughout.
We offer prospective franchisees the opportunity to own and run their own lettings and sales franchise with all the brand, training and business support they need.
Meet Davinder - a former Chartered Accountant who saw an opportunity to serve both landlords and tenants more professionally and efficiently and decided that - ‘if you can’t beat them, join them.’
But, rather than going it alone, he decided to investigate the franchise model, and was delighted to discover Belvoir.
He describes the refreshing approach taken by the Belvoir head office team, how he felt they wanted real people to join them and how he felt they genuinely wanted to work with him and guide him on his career path.
Since then, with a lot of hard work and personal investment of his own time, talent and passion, Davinder has gone on to complete three acquisitions and is now one of Belvoir’s leading franchise owners, with excellent Google reviews in the areas in which he operates.
He speaks highly of Belvoir; of a senior leadership team ‘on top of their game’, of the support and friendship from within the franchise network and of excellent training and guidance through a balanced mix of experience, professionalism and business acumen.
It’s true he says that he works longer hours, takes fewer holidays and constantly has to juggle and prioritise tasks every day. It’s also true that through Belvoir he has seen how this hard work pays off, how he regularly experiences the thrill of winning and the joy of having successful, established businesses.
In summary he says, “If you love Belvoir, you’ll succeed!” Praise indeed from one who knows…
Before asking you to provide information about your business Belvoir will provide you with a Non-Disclosure Agreement. Once we have assessed the business we will identify a suitable buyer/s who will also be bound by a Non-Disclosure Agreement, with the same terms and conditions.
In order to assess the true potential of the business we will ask you to complete a business questionnaire and provide three years trading accounts.
The questionnaire asks for information about your business, a breakdown of income streams as well as details about the portfolio being sold. (NB. We will only ask for partial postcode information.)
We will calculate the value based on a factored scoring process prevalent to the current market conditions. We take into account factors such as; number Landlords with more than 5 properties, the balance between sales and lettings, the number of managed properties as opposed to let only and many other relevant details requested in the questionnaire.
We believe in being fully transparent in our approach to valuing and will provide you with details of the scoring factors used, if in the unlikely event we are unable to reach agreement, you decide not to sell we undertake to destroy all information provided for the calculation.
The shares in the company are sold so the purchaser/s become the shareholder/s in the company and the company’s assets, liabilities, contracts and obligations are acquired. Often called ‘warts and all’ or ‘lock, stock and barrel’, ‘merisms’, for everything and the business continues without an interruption. Some important contracts may be non-transferrable or certain licences and consents might be unique to the seller.
The parties can pick and choose what assets and liabilities of the business are sold. (With the exception of employees, who normally follow the work subject to TUPE exceptions). An example would be where an agent wanted to sell its lettings portfolio only.
Staff will transfer to the buyer in line with TUPE (Transfer of Undertakings (Protection of Employment ACT 2006) rules.
The process is likely to take between 3 to 6 months dependent on the complexities of the transaction.