EweMove’s parent group has announced that profits have risen during the first half of 2019 despite industry challenges.
EweMove’s parent group, The Property Franchise Group, has announced that it enjoyed a six percent rise in profits during the first half of 2019. They rose from £1.9 million from the same period last year to £2 million, showing that the group has been performing well this year.
Speaking about estate agent and property franchise EweMove, the group said that its “unique, highly customer-centric offering defied the challenging sales market, as its sales revenue increased” and it increased its listings by more than 100.
A spokesperson for the group explained that it’s also recruiting people without an estate agency background, as it has discovered that a lack of experience doesn’t seem to be a factor that limits each franchisee’s profit potential. After analysing the performance of experienced and non-experienced franchisees, it found that experienced estate agents only outperformed their inexperienced counterparts for the first two years.
“We have resumed recruiting non-agents as franchisees at EweMove, provided that we are satisfied that they have transferable sales skills and access to sufficient working capital during the build-up period.”
CEO of The Property Franchise Group, Ian Wilson, said:
“We have delivered another strong set of results, with progress in each of our six brands, which have all grown our most important revenue stream, franchise management services fees over the same period last year. Our profit has also grown, driven by the health of our franchisees’ businesses and prudent cost management.”
EweMove has been named as the Best Estate Agency franchise by The Sunday Times for three years and has received the coveted five-star rating from Smith + Henderson for the quality of its customer service. All of its franchisees receive one week of intensive training at its HQ (‘The Sheep Pen’) to ensure they’re ready to go it alone.
Sophie Cole, Point Franchise ©
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