1 April 2021 | 09:56am
StockMarketWire.com - Property franchise group Belvoir acquired White Kite Holdings 2021 and its two subsidiaries, White Kite Limited and Nicholas Humphreys Franchise for £4.0 million.
Nicholas Humphreys operates a national network of estate and lettings agents trading through 18 franchised and three corporate-owned offices, and is a full member of the British Franchise Association. It also specialises in student lettings, giving an overall revenue split of 87% lettings and 13% sales. The key strategic driver for the acquisition is that, like the Belvoir Group, Nicholas Humphreys is based on a franchise model underpinned by lettings, making it a good fit for Belvoir s multi-brand franchise strategy, the company said.