Belvoir sees boost in Profits
The estate agency’s latest annual profit report shows that the numbers are stacking up for Belvoir.
For the 22nd year in a row, Belvoir has announced that its business is growing. The property specialists has revealed that it achieved a 21 percent rise in revenue and 40 percent increase in pre-tax profits over the last financial year.
Revenues stand at £13.7 million and profits as £5.5 million for last year. These impressive numbers have been generated by the hard graft of Belvoir’s network of twenty franchise partners, some of which have helped Belvoir to acquire other businesses. One of these was mortgage firm MAB Glos, which is run by a family of 87 different financial advisors.
Belvoir has also increased its share of the UK property market by opening a number of new offices. Now, the estate agency franchise is operating in over 170 different offices spread across the country’s different regions.
Belvoir’s CEO, Dorian Gonsalves, welcomed the news.
“Belvoir is a strongly cash generative business with revenues underpinned by the recurring ‘annuity-style’ lettings income stream coupled with the diversification into complementary property-related services, which will enable the group to overcome changes and outperform in the sector over the coming year.”
The report also noted that Belvoir franchisees were ahead of the game in the property market.
“Our franchisees see the opportunities that consolidation in the market present and many are already working with our acquisitions team to secure those businesses that become available.”
Belvoir is actively looking for new franchise partners here on the Point Franchise network. For a minimum investment of £45,000, franchisees will have the opportunity to team up with a market leading team that produces results year-on-year.
If you’re interested in becoming a Belvoir franchisee, you can find out more information here on Point Franchise.
James Muddimer , Point Franchise ©
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