Our acquisition programme has continued into 2017, and the first acquisition of the year has now been completed.
One independent agent was recently the subject of an acquisition led by a Belvoir franchise owner, who wanted to grow his already well-established business. On the news of the competition of the first acquisition of the year, our Chief Operating Officer Dorian Gonsalves said “Acquiring an existing portfolio or company is the most efficient way for our franchise owners to grow their businesses. The portfolio that one franchise owner has purchased contains 41 fully managed properties within the his territory and this will certainly help to support his growth plans.”
When joining a Belvoir franchise, we ensure your business develops in the way you expect. Our acquisition scheme is just one way we support your ongoing development plans to ensure healthy growth for your business from the minute you start up, right through your journey with Belvoir. This month, the Belvoir team are embarking on an Acquisitions Roadshow for existing franchise owners. The roadshow will give franchisees more information and the opportunity to consider expanding their business through a partially funded acquisition.
Currently, around one independent agent a day contacts our acquisitions team looking to sell their business to Belvoir, there are many changed going on within the industry, which makes it increasingly difficult to stay up to date with the correct legislation. As a well-known brand throughout the industry, independent agents are choosing to sell their business to Belvoir.
Dorian says, “Belvoir prides itself on working closely with our franchise owners to help them assess whether an acquisition opportunity is likely to add significant value to their business. If this proves to be the case, and our stringent due diligence checks are approved, Belvoir can, in the right circumstances, loan up to 30% of the purchase price. The entire process takes approximately three to six months and I look forward to reporting many more mutually beneficial acquisitions throughout the year.”
Belvoir is an award-winning estate and lettings agency with over 300 successful offices around the U.K. If you would like to talk about being our next success story, please call us on 01476 570000 or email us on firstname.lastname@example.org
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