Belvoir Lettings has acquired four new sites, including two of its existing franchises.
The company, now AIM listed, made the announcement yesterday.
The two existing franchise outlets it has acquired are in Lichfield and Burton, in Staffordshire. Both sites will now be directly run by Belvoir.
The move echoes that of rival lettings franchise chain Martin & Co, which has also been acquiring some of its franchise sites.
Belvoir has also beefed up its purchases by acquiring Kingston Behague, a competing lettings agency. Kingston Behague operates from two sites, also in Lichfield and Burton, which will be merged with Belvoir’s two directly managed outlets in these towns.
Additionally, Belvoir announced that it has acquired Aldine Honey & Company, an independent agency based in Pimlico, London.
Aldine Honey specialises in the high-end London rental markets, particularly those of Belgravia, Chelsea & Kensington, Knightsbridge and Pimlico.
Belvoir said the acquisitions were in line with its expansion strategy across the country.
Belvoir emphasised that it is continuing to pursue its acquisition strategy and confirmed that there are further potential acquisitions in the pipeline.
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Comments
Q - what to do when no one else will buy your franchises
A - Buy them yourself ;)
Belvoir - rubbish franchise - great elderflower presse!
Hawkeye - you're a clown. Maybe they were retiring? Maybe ill health? You smell a rat where there's no evidence a rat exists.
Hawkeye,
"If it was making money the franchisee wouldn't be interested in walking away".
Do you really not know that people buy and sell successful, profitable business all the time?
Seems clear to me the franchsee was unable to meet the payments and the way out without egg on face was to re-acquire.
If it was making money the holder of the franchise would not be interested in walking away. Company name changes with the same proprietor usually mean some serious financial problems. This has kept the company name in good stead but at what cost?