The Property Franchise Group has confirmed one of its largest ever single-office acquisitions.
Martin & Co Plymouth has acquired Executive Lets, said to be the city’s largest letting agents.
Chris and Merolyn Whitaker purchased the Martin & Co Plymouth franchise in April 2015. They had previously served 16 years in the Army’s Intelligence Corps.
Executive Lets, founded in 1966, will be rebranded as Martin & Co and incorporated fully into the agency’s existing operation.
The deal means Martin & Co Plymouth more than quadruples the number of properties it has under management, and will see its team grow more than three-fold.
Penny Sanders, executive head of franchising for The Property Franchise Group, said: “This really is an unprecedented move.
“The Martin & Co Plymouth team has enjoyed phenomenal success in a relatively short period of time, having launched as a cold-start business in a brand new franchise territory, and this deal is absolute testament to this success.”
Chris Whitaker said: “In the first quarter of 2017 we were one of the leading estate agents in Plymouth for new instructions, second only to Executive Lets – so for us to be now coming together in this way puts us in an exceptionally strong market position.”
Comments (2)
Gotcha – Not according to Rightmove or Zoopla you’re not chummy. Even gave them half a chance to be right by looking at new instructions up to end of April and they still were not even on the chart for RM or ZPL. If you’re going to spout ******** you should back it up with proof matey or you will look like a right muppet. See the facts on the attachment.
Chris Whitaker said: “In the first quarter of 2017 we were one of the leading estate agents in Plymouth for new instructions, second only to Executive Lets – so for us to be now coming together in this way puts us in an exceptionally strong market position.”
Yes Exec Lets were first but you were not even close I’m afraid is the truth Chris!
To my knowledge neither Rightmove nor Zoopla possess a function for measuring first / new lets…..
This detail aside, we’re absolutely delighted with our acquisition and the great team we have assembled. As you seem to be interested in our progress and the statistics to back our claims, you may wish to confirm that together Martin & Co (Plymouth) and Executive Lets let twice as many properties as any other independent agent in the city in the first six months of this year. We’re also on the look out for anyone else in Plymouth that may be considering selling-up, so please do feel free to pick up the phone.