Following Belvoir’s recent acquisition of Northwood, the company has announced the partial funding of a further four franchisee-led acquisitions and the expansion of its acquisition programme to other brands within the group.
“I am delighted to confirm that franchise owners in Solihull, Rochester, Bournemouth and St Helens have all benefitted from Belvoir’s acquisition programme, enabling them to complete on the purchase of well-established independent estate agencies in their local areas,” says Belvoir Managing Director, Dorian Gonsalves.
“During the past year Belvoir has grown significantly through the corporate acquisition of Newton Fallowell, Goodchilds and Northwood. The Group now has 301 offices and is the largest property franchise in the UK.
“It has long been Belvoir’s policy to part fund franchisee-led acquisitions that will help franchise owners to grow their businesses and facilitate network growth. I am very pleased to confirm that we are now expanding our acquisition programme to other brands within the Group.
“This opportunity was not available to our recently acquired brands under their previous ownership, and is being well received and recognised as a significant benefit of being part of a larger franchised group.
“Belvoir has a dedicated in-house acquisition team, which is responsible for researching and expediting franchisee and corporate acquisitions. This is a service that I am now very proud to be able to offer to the entire network.”