EweMove franchisees – working mainly as individuals from home – are achieving ‘phenomenal’ success it has been claimed.
Nick Neill, managing director of EweMove, said: “A staggering 83% of those who have been trading in full for the last year are earning over £40,000 in commission – with the highest commission achieved by an agent within the past 12 months soaring past the £500,000 mark.
““Our ready-made business model means that franchisees can literally see results from day one, with one of our latest franchisees to join us already seeing commission figures of £281,000 in just a matter of months.”
A spokesperson for the firm clarified that the £500,000-plus sum went to a team of three, while Neill himself told EYE that the sums quoted are gross.
EweMove has a hybrid model, and operates on a no sale, no fee basis.
The business, which was bought last year by The Property Franchise Group, appears to be turning around after it under-performed earlier this year.
It lost £300,000 on revenues of just £900,000 in the first six months.
Neill said it has successfully recruited agents from the likes of Foxtons, Countrywide, Andrews, and Hamptons joining the ever-expanding ‘flock’.
As part of The Property Franchise Group, EweMove is in the sights of Belvoir, which has expressed interest in a merger – although TPFG has described it as a hostile take-over bid.