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Humberts in discussions with several new franchisees as it eyes expansion

A month after the four existing franchisees bought the directly-controlled sister business out of administration, its directors are looking for new blood.

Nigel Lewis


The company behind the Humberts estate agency brand has told The Negotiator that it is in discussions with several independent estate agents about taking on one of its franchises.

Duncan Ley (pictured, below), who operates its Cornish franchise based in Truro, says nothing has been finalised yet but that there has been a good response from potential franchisees during initial talks.

He is one of the four directors of Humberts Group Limited which last month bought the directly-operated part of Humberts out of administration for an undisclosed sum.

This part of the company including its goodwill, trading name, lettings book, and the intellectual property of the brand were all purchased and the overall business is now looking to expand.

As well as the ongoing discussions, Humberts is now actively looking for more franchisees and has launched a page on its website offering an opportunity for entrepreneurs to open their own office in selected strategic locations, and run their own businesses trading as Humberts.

“We are seeking agents, with ambition to expand and link in with our existing offices across the country,” it says.

“Whether your discipline is residential sales, lettings, commercial, farm or land management, or undertaking professional valuations, we would like to talk to you.”

The franchises are being offered initially as licences to operate in a chosen area as Humberts and then, after up to five years, purchase the area ‘in perpetuity’.

Humberts already has franchises operating in Sussex, Devon, Suffolk, Norfolk, Kent, Yorkshire and Somerset/Wiltshire.

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February 19, 2020

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