Agency Franchise Fails To Sell, Closes Down

Estate and lettings agency franchise opportunity HomeExperts has ceased trading, it is reported by an industry website.

HomeXperts, which has up to 40 franchised branch operations, has apparently been up for sale itself for some time. The report also claims it has been in dispute with some of its own franchisees.

Founder Sussanne Chambers told Property Industry Eye: “We recently tried to sell the HomeXperts franchise and despite initial interest from market leading property franchise brands, due to difficult market conditions, they were unable to incorporate the HomeXperts brand into their portfolios.

“Consequently the sad decision was made for the business to cease trading.”

Times are indeed challenging for the estate agency industry at the moment. However – and this applies to most franchised business opportunities of course – it is difficult to know whether the business has ceased trading because its franchisees have failed or because its franchise model failed.

Source Property Industry Eye
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