Friday, May 3, 2024

Belvoir acquires estate agency in £200,000 deal

Belvoir, the property franchise group with its central office in Grantham, has acquired Mr and Mrs Clarke Limited (MMC) for £0.2 million.

MMC was founded in 2015 by Paul and Alex Clarke, offering a specialist concierge-style personal estate agency model through a national network of 10 licensed partners, predominantly in Warwickshire, South Wales, the Midlands and North London.

Executive directors Paul and Alex Clarke, will continue to manage the business as part of Belvoir.

Dorian Gonsalves, CEO of Belvoir, said: “The acquisition of Mr and Mrs Clarke provides the Group with a new service offering, which will recognise the breadth of ways in which our customers want to interact with their estate agent and the different ways in which potential new franchisees or partners want to operate.

“Paul and Alex have created a really positive, vibrant brand that stands out from the crowd. The future success of their business will benefit from the credibility that the Belvoir Group can bring and we extend a warm welcome to the MMC team, and look forward to working alongside their partners to further strengthen the business’s growth potential.”

Paul Clarke, Managing Director, Mr and Mrs Clarke, said: “Dorian understood our vision from the word go, making this acquisition a natural step in the evolution of our business. The brokerage style business model is one which is becoming increasingly popular in the UK, especially in our new flexible working era.

“The opportunities arising from being part of a Group that is so experienced in estate agency, lettings, franchising and financial services, are extremely exciting for our partners, and we will be grabbing the opportunity with both hands to exceed our plans for further national business growth.”

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