Estate agent franchise business Winkworth
has unveiled a remarkable success story for this year – increasing its sales volumes and revealing that it wants to go on a buying spree.
The firm is on target to beat its full-year profit forecasts after growing revenue by 20% in the first nine months.
This is despite low transaction volumes, especially outside London, and a drop in prices compared with the first half of the year.
Yet despite operating in a low-volume market, Winkworth has gained significant market share, with existing franchisee offices reporting a 42% increase in the number of properties sold. Six new franchisees also reported strong sales. The firm has also recently set up a country house department.
Applications from would-be franchisees have doubled over the last year, from 54 to 107.