Belvoir Lettings PLC Belvoir brand wins Lettings Franchise of the Year
June 15 2016 - 2:01AM
RNS Non-Regulatory
TIDMBLV
Belvoir Lettings PLC
15 June 2016
For Immediate Release 15 June 2015
BELVOIR LETTINGS PLC
(the "Group" or "Belvoir")
Belvoir brand wins Lettings Franchise of the Year award
Belvoir Lettings plc (AIM:BLV), the UK's largest property
franchise group, is delighted to announce that one of the Group's
brands, Belvoir, has won the Gold award for "Lettings Franchise of
the Year" for the sixth time since the awards began seven years
ago.
Over the past year the Group has embarked on a multi-brand
strategy, acquiring midlands based franchises Newton Fallowell and
Goodchilds in 2015, and more recently in June 2016, national brand
Northwood. These acquisitions have now positioned the Group as the
largest property franchise group in the UK with a total of 301
outlets and 54,000 managed properties.
The Lettings Agency of the Year Awards in association with The
Sunday Times & The Times, sponsored by Zoopla, is held in June.
It is the longest running event solely focused on lettings, at
which the most sought after awards for the industry are
presented.
The judging of the Lettings Agent of the Year Awards is chaired
by The Property Ombudsman and has the backing of ARLA and NFOPP.
Judges include highly experienced property professionals such as
leading agents together with other industry experts and
specialists.
The judges commented:
"Belvoir is a specialist lettings business which takes a
progressive view when recruiting its franchisees as 95% of them
don't have a background specific to the industry. From the outset,
franchisees can be confident in the package of services they will
receive from Head Office. The dedicated support team provides
training, guidance and expertise - the initial induction is very
thorough after which they are assigned a dedicated business
development expert to help them navigate the first crucial months.
This stringent approach has huge benefits as franchise owners can
expect to build profitable long-term businesses: one owner sold his
business for GBP1m in 2015, and other franchisees are achieving
turnovers of over GBP1m as well. There is a clearly defined seven
step plan for the cycle of a franchisee which sets out how Belvoir
corporate will help owners to realise their potential. This ranges
from the initial training to ongoing professional development,
identification of potential acquisitions and finally an exit
strategy."
Mike Goddard, Chairman and CEO commented:
"The past year has been one of considerable change for the Group
and I am delighted that the Belvoir brand has won this award for
another year running. We continue to focus on developing all of our
brands, delivering exceptional customer care and helping our
franchisees flourish, and we intend to leverage our expertise as a
franchisor across the Group."
For further details:
Belvoir Lettings PLC 01476 584900
Mike Goddard, Executive Chairman investorrelations@belvoirlettings.com
and CEO
Louise George, Chief Financial
Officer
Cantor Fitzgerald Europe
Rick Thompson, Phil Davies,
Will Goode, Michael Reynolds
Corporate Finance 0207 894 7000
Buchanan
Charles Ryland, Victoria Watkins,
Madeleine Seacombe 0207 466 5000
Note to Editors:
About Belvoir Lettings PLC
Founded in 1995, Belvoir is the UK's largest property franchise
group, with 301 outlets nationwide.
Since listing on AIM in February 2012 (BLV.L), Belvoir has
continued to diversify its core business offer in lettings by
broadening into property sales. Operating from its Central Office
in Grantham, Lincolnshire, the Group now offers a range of
specialist services in property rental, property management,
residential lettings, buy to let and property sales.
Belvoir's core revenue is derived from Management Service Fees
(MSF); a reliable recurring revenue model which allows the Group to
offer franchisees significant support and advice.
In 2015 Belvoir launched its multi-brand franchising strategy;
acquiring Newton Fallowell Ltd, an East Midlands-based network of
31 outlets in July 2015 and Goodchilds Estate Agents and Lettings
Limited, a West Midlands-based network of 14 outlets in October
2015. In June 2016 Belvoir acquired Northwood, a network of 86
residential lettings and property sales agents operating across the
UK, making Belvoir the largest property franchise group in the
UK.
Belvoir continues to grow organically by delivering award
winning service, prioritising franchisee recruitment and supporting
franchisee acquisitions. In recognition, Belvoir was awarded the
"Best Lettings Agency Franchise Award" at the 2016 Agency of the
Year Awards for the sixth time since the awards started seven years
ago.
The Company remains committed to diversifying its brand
portfolio, utilising The Group's strong franchising expertise and
infrastructure, in order to capitalise on a consolidating
market.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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