They plan to do this through a combination of organic growth, driven by its franchisees, and an acquisition programme, driven by the Group.
The growth strategy will be implemented using the following objectives:
The Group plans to purchase lettings portfolios in partnership with its franchisees, either in existing or new Territories
The Property Franchise Group already occupies many Territories where the Directors believe that there is potential to increase market share. The company will also continue to support the existing franchisee network, to increase the rate of organic growth in MSF and to further promote the sale of further franchises
The Company intends to take advantage of a cyclical up-turn in UK house sale transaction volumes and leverage its established brand name in the UK property market by continuing to develop its estate agency network.
The Directors believe that The Property Franchise Group is extremely well placed to capitalise on all of these opportunities.