Hunters beats ‘difficult’ market by attracting more successful independents to its network

first_imgHome » News » Agencies & People » Hunters beats ‘difficult’ market by attracting more successful independents to its network previous nextAgencies & PeopleHunters beats ‘difficult’ market by attracting more successful independents to its networkAIM-listed company says the average turnover of branches joining its network is £173,000, an increase of £20,000 compared to 2016.Nigel Lewis12th April 20180652 Views Hunters has revealed more details about its performance last year following an interim update on its 2017 performance in February.This includes how the company says the independent agents it helped convert to a Hunters franchise tend to be more successful ones, rather than struggling agents looking for a way to reboot their businesses.Consequently, branch turnover for these independents on conversion tends to be high at an average of £173,000 a year.The York-based company claims its franchised branches outperform local markets, earning 10% more in revenue than comparable businesses.Hunters also spent £500,000 on training last year and launched a digital valuation booking tool that has helped direct £5 million worth of property sales to its franchisees, helped by a 70% increase in traffic to its website over the past three years.Directors’ salaries and bonuses are also revealed in the company’s latest results. CEO Glynis Frew earned £112,000 last year and received a bonus of £49,000 while Harry Hill and Kevin Hollinrake, who is also an MP, earned £54,000 and £59,000 respectively.“We are delighted to report a robust set of figures, despite subdued the market conditions,” says Chairman Kevin Hollinrake (left).“This performance highlights the robustness of our model and the quality and commitment of our franchisees and their teams across the network.“We would expect this current market and recently announced additional regulatory requirements to provide us with even more opportunities to expand our branch network and strengthen our market position still further.”Glybnis Frew Kevin Hollinrake Hunters valuation tool April 12, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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