Keller Williams Market Centre Warwick closes
Keller Williams Warwick Market Centre is closing with immediate effect, wound up by the franchise owners.
Keller Williams’ Warwick Market Centre has announced that it is closing with immediate effect, the second such Keller Williams UK casualty in just four months.
Keller Williams UK first launched in 2013 and has been managed by now chief executive Ben Taylor since 2017. But the franchise model appears to have gained little traction and a slew of high-profile names have parted ways with the business in recent times including Simon Leadbetter and Russell Quirk and Anthony Quirk.
KW Warwick has been owned and managed from the outset by JP Downes and Sarah Downes, former territory owner of one of the UK’s biggest territories and director within Purplebricks, the online estate agent.
CLOSED TO NEW BUSINESS
A KW Warwick spokesperson says: “On Wednesday 31st August the company will close its doors to all new business. The company will apply for voluntary administration and will be wound up.” The spokesperson also made unsubstantiated allegations of misrepresentation prior to purchase of the franchise, in a press release to The Neg.
The company will apply for voluntary administration and will be wound up.”
KW Warwick is one of just 11 UK franchises established by franchisor Keller Williams in over nine years and this closure comes swiftly off the back of the insolvency of Keller Williams Bristol. Its principal, Martin Bowley, liquidated KW Optimum after two years of trying to make the franchise work financially. He has since joined Fine & Country.
Rumours are rife that several other of the remaining Market Centres are also facing closure as numbers fail to stack up.
Keller Williams has been approached for comment.
Ironically, promoting a Quantum Leap event on LinkedIn earlier this year, Ben Taylor (pictured) wrote: “Making changes in life takes real courage. It’s easier to take no action than it is to take action in many cases. It’s easier not to exercise than to exercise. It’s the same in so many areas of our lives.
“However, if we’re not experiencing the outcomes we really desire, making changes is the only way.”
‘the entrepreneur always searches for change, responds to it and exploits it as an opportunity’ – Peter drucker
The 5 Stages of Decline by Jim Collins.
1. Hubris, born of success.
2. Undisciplined pursuit of more.
3. Denial of risk & peril.
4. Grasping for salvation.
5. Capitulation to irrelevance.
It’s not the people, it’s the business model that exemplifies everything that is wrong about estate agency.
A so-called world-class training system that is so out if touch with the reality of modern day that it stains everyone it touches.
Interruption Marketing on steroids has had its day.