Strong start to year for Hunters as more look to join franchising network

Hunters has announced a strong start to the year.

In an upbeat trading statement, chairman – and Tory parliamentary candidate – Kevin Hollinrake said: “In the four months to April this year we have opened six new Hunters branches through organic growth and a further 15 branches with the March acquisition of Bristol-based Besley Hill, bringing our network to 204 branches.

“The group has a strong pipeline of agreed sales and has increased instructions in the four months to April against the same period last year, laying the ground for a comparatively strong second-half performance.

“The first half-year is expected to end better than anticipated considering the distortionary effect of the changes to Stamp Duty Land Tax for second homes which took place in March 2016, and we have confidence in the full-year outcome for the group.

“The government consultation on its proposed ban on tenant fees has begun although our exposure is expected to be less significant than other lettings-only based participants given our strong sales profile.

“The period of anticipation for a General Election is shorter than is usual so therefore so is the expected level of associated uncertainty.”

Hollinrake said that customer service ratings were 96% across both sales and lettings.

He also said that Hunters has a “a healthy pipeline of parties looking to join the network”.

Hunters, which opened its first office in York in 1992 and its first franchising branch in 2006, now has a network of over 200 branches nationwide.

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One Comment

  1. Hillofwad71

    Interesting to see Hunters in an expansive mood despite the market’s preoccupation with Purplebricks .They must be heartened  by the fact that Bricks are still in the starting traps on the Lettings side of the  business .

    Lettings very  much the poor relation at Bricks  with as of today 456 instructions on their book which has shown very little growth

     

    Maybe the likes of Hunters, Belvoir ,Martinco are firmly under the  sights of Bricks as a possible acquisition targets . Interesting times ahead

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