Franchise model protecting us from subdued sales market, says estate agent group
The Property Franchise Group, the UK’s largest multi-brand property franchisor, today said the ‘resilience’ of its diversified business model had helped it overcome a subdued sales market.
The firm, whose estate agency brands include Belvoir, CJ Hole, Fine & Country and Hunters, achieved what it described as “robust organic growth” in the six months to 30 June, with group revenue 7% higher at £43.3m, and up 4% on a like-for-like basis. Adjusted pre-profits increased by 7% to £15.5m for the period.
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