Nicholas Humphreys acquired by Belvoir Group

Nicholas Humphreys Estate Agent franchise
Nicholas Humphreys Estate Agent The only specialist student letting agency franchise in the UK, with earning potential up to 2.5 times the income of a traditional letting agency

Student and Professional Lettings, Property Management, Residential and Investment Sales. We provide a heavily supported 3 month training and launch period to all franchisees.

Request information
Read more
Published on

Nicholas Humphreys acquired by Belvoir Group

Nicholas Humphreys has been acquired by The Belvoir Group and looks forward to future growth.

Through this acquisition, The Belvoir Group has demonstrated its commitment to support successful franchises with scope for further growth.

Dorian Gonsalves, The Belvoir Group’s CEO, said, 

“Since founding the business in 1998, Nick Humphreys has built up a very successful sales and lettings network, particularly in the student lettings market, adding a portfolio of 6,510 managed units to the Group.

“With its bias towards lettings, Nicholas Humphreys is underpinned by a strong recurring revenue stream, whilst offering the opportunity to roll out Belvoir’s existing expertise in sales and financial services across the network.”

The group bought Nicholas Humphreys with cash reserves, so it’ll be able to start generating income and great returns for shareholders immediately.

Just 15 months ago, Belvoir acquired the Lovelle network, and has since received lots of positive feedback from its franchisees. The parent company has helped Lovelle strengthen its brand and occupy a stronger market position, and intends to do the same for Nicholas Humphreys. 

The estate agency franchise currently operates a network of branches, with 18 franchised units and three company-owned offices. It’s also a full member of the British Franchise Association (BFA). The franchise won’t make any changes to its leadership structure, but its existing franchise support team will get help from Belvoir’s central office. 

Nick Humphreys, the estate agency and property franchise’s Managing Director, said, 

“I would like to take this opportunity to thank our franchisees and staff for their part in building Nicholas Humphreys into the recognised brand that it is today. I have known for some time that Belvoir would be the right home for the Nicholas Humphreys network. Belvoir has the experience of both lettings and franchising to provide the necessary professional support to our franchisees and I look forward to seeing the network flourish as part of the Belvoir Group.”

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

City Spotlight: A Quick Guide to Franchising in Worcester

Worcester is a historic city attracting almost three and a half million [...]


CREATING A FRANCHISE – CITIES IN FOCUS

Q&A: Does The Little Gym Franchise in the UK?

These days, parents understand the value of giving their children the [...]


START A BUSINESS

Sector Spotlight: The Restaurant Sector Gets Ready for a Post-Covid Comeback

As the UK celebrates the gradual reopening of the economy, businesses [...]


FOOD FRANCHISES

Franchisor Tips: 10 Traits That Make a Good Franchisor

As the franchisor, you have a significant influence over whether an [...]


START A BUSINESS

Is Franchise Insurance the Answer to Your Business's Recovery Post-COVID?

Throughout the past year, businesses have been asking whether their [...]


FINANCING YOUR FRANCHISE

0 Comments

Post a comment

The comment will be public. If your are interested by this Franchise, please fill out your personnal details on the request information form.

Characters remaining: 250