The boss of The Property Franchise Group last night admitted that a number of EweMove franchisees have failed.
However Ian Wilson also said that taking out a franchise could be a ‘licence to print money’.
Wilson was last night responding to persistent claims from EYE poster Hillofwad that there have been significant failures among EweMove franchisees.
He has alleged that some have inadequate previous experience, and go on to win few listings, and chalk up large personal debts.
Hillofwad yesterday claimed that 23 EweMove franchisees have ‘died’ since a list of franchisees was published in May last year.
We put this to Wilson, who provided other figures: of the 2014 and 2015 franchisee recruits, he said that 42 are no longer trading.
However, he said that since 2016 the number of franchisees withdrawing is down to single figures.
He said that husbands and wives and other personal partners wanting to work together made the failure rate shoot up dramatically – and that such applications made his heart sink.
Other failures have been among franchisees wanting to play at the business, when really they should have been playing at golf.
Wilson told us that ‘tough love’ has been administered to franchisees, who have been told that it is not a lifestyle business.
Wilson also said that while experienced agents outperform inexperienced non-agents in the first two years, after that there is no difference.
He told us: “The EweMove franchise is a licence to print money for the right recruits.”
His full blog, exclusive for EYE, follows this story.
The current directory of branches is at the link below, supplied to us as correct by EweMove.