Whitegates, part of The Property Franchise Group (TPFG), has closed its branches in Charnwood and in Leicester City Centre after TPFG terminated its franchisee agreement with Mitul Gadhia.
Although listed on Rightmove, Smooth does not seem to be showing any properties, while its new website, which is currently under construction, displays a holding message – ‘coming soon’.
A spokesperson for TPFG told EYE: “Whitegates can confirm that it has terminated its arrangements with Mitul Gadhia. No further comment will be made at this time.”
Gadhia, who previously owned two Martin & Co franchises, launched into estate agency in 2012 at the age of 22.
In 2017, at the age of 27, he became the TPFG’s largest franchisee in terms of office numbers following the purchase of a five-branch business – tripling the size of his property portfolio and taking on 35 new staff.
Gadhia’s Whitegates Leicester purchased Taylors, a well-established estate and lettings agency which had been operating since 1992 and they at the time had five offices across Leicester and Loughborough.
But last year Miresh Property Company Limited, which owns the Whitegates’ franchises in Leicester, Sileby, Syston (which was Taylors/Whitegates) and Broughton Astley, went into liquidation.
The appointment of a voluntary liquidator was published on 19th September 2020 by Companies House.