Release date: 5-Sep-2017
Belvoir has reported on the completion of 12 franchisee-led acquisitions in 2017, and confirms that further acquisitions are in the pipeline.
Dorian Gonsalves (pictured left), CEO of Belvoir says: “Business development via our Assisted Acquisitions Programme has been a major growth strategy for the Belvoir Group throughout 2017.
“Earlier this year we embarked on a series of Acquisition Roadshows to provide our franchisees - including those from our recently acquired networks - with the information they needed to help them make informed decisions. Of the twelve acquisitions, six were secured by Belvoir franchisees, five by Northwood franchisees, and a further one by a Newton Fallowell franchisee.
“Our Acquisition Team, led by Martin Bunney, Belvoir’s Head of Franchise Recruitment, Property and Acquisitions, provides fantastic support to franchisees throughout the entire process. This support includes sourcing potential acquisitions and matching them to interested franchisees, checking compliance, assisting with terms, finding the funding, negotiating the deal, and ultimately helping to deliver the outcomes that allow our franchisees to take full advantage of their market position. Our franchise support team continues to assist franchisees after the acquisition completes, as and when this support is required.
“These acquisitions have added a further 1,310 properties to the Group’s collective portfolio, and Belvoir now manages a grand total of 57,637 managed properties.
“I can confirm that further acquisition deals and opportunities are in the pipeline and I would encourage any independent agents who are considering their exit strategy to contact Belvoir ‘s Acquisition Team for a confidential discussion about what mutually beneficial opportunities may be available.”
Clayton and Nina Foston of Belvoir Nuneaton and Hinckley recently completed on the acquisition of Easy Lets and Sales in Hinckley, Leicestershire. Speaking of the acquisition, Clayton (pictured left) said:
“We would like to express our sincere gratitude to Dorian, Martin and all at Belvoir for their support with our acquisition. This exciting venture will add a further 300 fully managed properties to our existing portfolio of in excess of 450, making us the most significant agent in the area.
“We are now on the look out for a new site that will be “fit for the next decade, and we are delighted that Graham Phipps, who was the former owner of Easy Lets and Sales has joined our team as sales manager, bringing with him significant experience in this area.
“We were helped with the process every step of the way, and Belvoir’s contacts and suggestions were essential to the success of the acquisition. We urge others within the network to be brave in these challenging times and never to believe that something is unattainable so long as you use the resources that Belvoir makes available to us all.