Hunters,has announced the launch of two additional franchise branches in Tower Bridge, London and Middleton, North Manchester, saying that the openings reflect confidence and an appetite for growth despite challenging market conditions.
This takes the total number of branches to over 200 nationwide, with almost 130 of those joining the group in the last five years alone.
Hunters Tower Bridge will be located on 55 Royal Mint Street in Aldgate.
The branch will be led by director Vakas Akhtar and will provide a full suite of sales and lettings services across the local area plus periphery postcodes including Canary Wharf, Isle of Dogs, Shadwell, Wapping, Bermondsey, Poplar and Millwall.
Hunters North Manchester is led by director Paul Lawson-Martin.
Located on 58 Long Street, Middleton, it will provide a full range of sales and lettings services across the Middleton, Blackley, Heywood, Prestwich and Castleton areas, as well as surrounding periphery postcodes.
Glynis Frew, Chief Executive of Hunters Property Plc, said:
“Despite the challenging market conditions, we continue to go from strength to strength, growing our footprint across the country while continually evolving our offering.
“These two new branches will complement our existing strong network in the respective areas.”
Comments (4)
Interesting, they claim to have over 200 branches. In a similar statement a year ago they claim to have exceeded 200 branches. Even further back, Feb 2018 they claim 2013. Back even further, Oct 2017 they claim over 200. If they are recruiting as many as they keep saying perhaps in the interests of balance they should be rather more transparent and explain how many are closing, on the face of it it looks like more than they are opening !
What is the main reason people franchise in agency,?
I can see why you would if it was nike. Burger King etc .
Is it support when a London trainee solicitor tenant sues you for not changing his light bulb?
I’d suggest the ‘main reason’ is more than one reason….
e.g. Lower supply chain costs (in Ewemove’s case, all the tools you need inc RM/ZPG, property management software, website, marketing strategy and collateral, PPC management by a top national agency, automated marketing support, web chat, 24/7 call support, compliance support, the backing of a national brand and a PLC to provide training and business development etc etc) can be had for just £1,000 per month. Crazy.
Which leads to better Net Profit Margins.
Many people think all they get from a franchise is a brand and a ‘process’ but it is so much more than that. But it really does boil down to a simple test. If your net margin for your own business is [say] 20%, but you can achieve 40-50% Net Margin under a EweMove franchise (in my case!), the decision becomes a clear commercial consideration, which makes it very easy to evaluate.
In the same way you would evaluate going it alone on the high street, going it alone from home, or any other franchise option – be it shop, office or home-based.
Accepting the fact the franchising is not for everyone, the benefits to independent agents are huge, particularly in our ever changing industry. We are able to offer significant discounts on a wide range of suppliers due to our purchasing power, install the very best technology that further enhances the customer experience and branch time, provide free fully accredited training for all your staff, supply superb marketing and manage compliance/regulation. We provide the platform so that the franchise partners can focus on what they are good at – selling and letting property.
The business remains independent, they just benefit of being part of a national network of like-minded business owners.
Happily have a chat and explain in more detail if you ever fancy it Bless You!