Belvoir’s business model has been praised by a broker, finnCap, which initiated coverage of the firm yesterday.
In a note to investors, it said that while changes such as the fees ban were “squeezing” traditional and smaller players, Belvoir’s franchise model allowed it to harness entrepreneurial skills without being directly exposed to the costs and capital commitments of its franchisees.
finnCap said: “Belvoir’s growth strategy is underpinned by a highly professional network of franchisees with sound business ethics.
“This sounds like a bare minimum, but it is not necessarily true for the wider market, which is characterized by small, local agents.
“Tightening regulation is putting professional operators such as Belvoir at a competitive advantage.”
finnCap set a target for Belvoir’s share prices at 190p – well above the current price.
Yesterday, the shares closed 1.4% up at 107.5p.
Hats off to Belvoir .Their franchise network has remained remarkably robust despite all the challenges . The management must take a keen interest in their franchisees financial health unlike it seems than some of their listed competitors where the casualty rate is far too high and unacceptable
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
How do they stop franchises running off with deposits? Have they got a system or is it the quality of the franchisee?
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
They didn’t have in my part of the world – belvoir bloke did a runner with c£120,000 of client funds. Eventually got caught and did 22 months. Did his franchisor do anything to anything to help those robbed under their name – Nope!
Have they ever tried to flog a franchise here again? Nope to that one too.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
You have to give it to Belvoir – they know how to run a business and the franchises are successful. Wonder what their secret is compared to the likes of Martin & Co? Better screening of franchisors?
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Maybe their franchisees like them! That helps with motivation. A lot.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
I’m fed up with the ‘analysts’ recommendation stories – they are the same guys who say Rightmove can keep raising their fees, while all agencies struggle to pay the 10% increase every now and then.
They are just not out there on the streets
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register