Lettings agency Belvoir has boosted its franchise portfolio to 213 UK offices – an increase of 31% in a year.
Acquisitions of Newton Fallowell and Goodchilds added 31 outlets and 14 outlets respectively.
Together with 168 Belvoir outlets the group now stands at 213 offices – compared to 162 at the end of December 2014.
Belvoir has announced six new franchisees recruited into new offices in the second half of the year, compared to one recruit during the first six months – which it said reflected renewed stability in the market following the general election.
Four Belvoir franchises were resold to new franchisees this year, earning Belvoir £22,500 per resale on top of a commission.
In June the Belvoir Sheffield franchise was resold for close to £1m – the highest ever value for a Belvoir franchise.
Mike Goddard, chairman and CEO, said: “New franchisees are a key area of focus and efforts to increase this in the second half of the year, including a new recruitment website, are starting to prove effective resulting in a good pipeline of new franchisees for 2016.”
