Belvoir’s Sheffield franchise smashes 19-year turnover record

Lettings agency franchise sees Yorkshire territory exceed £100,000 revenues in July

Specialist lettings agency franchise Belvoir today announced its Sheffield franchise exceeded £100,000 turnover in July this year, marking the highest monthly turnover of any office in the company’s 19-year history.

Business partners Rick Flay and Sarah Powell were the franchisees responsible for the record turnover, having started the Sheffield territory eight years ago.

The pair attributed the record figure to steady business growth in tandem with the successful launch of a property sales arm nine months ago.

The Sheffield franchise’s annual turnover is set to break the £1m barrier this year, which Belvoir hailed as a “fantastic achievement”.

Founded in 1995 by Mike and Stephanie Goddard, lettings agency Belvoir has since grown to 160 outlets across the UK, with plans to grow to 200 franchises within three years.

Belvoir Sheffield franchise co-owner Rick Flay said: “Sarah and I are over the moon with the figures for July, which reached over £100,000. It is a real achievement to think that we have now attained the highest monthly turnover in Belvoir’s history. Our success is undoubtedly due to the strength of the Belvoir brand and the trust that people have in it on a local and national level, which is awesome.

“It was always a goal of ours to break through the £100k mark. This is not something that has happened overnight, but the figures for July are not a blip – they are the result of continual business growth and we see no reason why this level of turnover should not continue.”

Dorian Gonsalves, director of commercial and franchising at Belvoir, said: “Rick and Sarah have grown their business from a cold start to a thriving business with an annual turnover that is on target to reach over one million pounds, which is a fantastic achievement. Their passion for property management and customer services has resulted in landlords coming back to them year after year and recommending Belvoir to family and friends.

“A number of Belvoir offices are now on the brink of breaking through the one million pound turnover barrier this year. Furthermore, all the signs are positive that offices like Sheffield will continue to grow and break more records in the months ahead. I wish Rick and Sarah every success for the remainder of 2014.”

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