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Winkworth franchise set for flotation

Published on 13 Oct 2009 under category: legal

A family-run franchise looks set to be floated on the Alternative Investment Market.

Winkworth, an estate agency, is thought to be ready to take this action, planning to generate almost £1 million by doing so, those looking for the perfect franchise agreements may be interested to hear.

The company will offer more than 11 million shares at 80p each.

Simon Agace, founder of the franchise, told the Times: "While I don't think the market is booming again, we are not going to see another Lehmans and what we have now is a slow easing around the country, with the exception of London, which has strengthened more drastically."

He added that it would take a "major shock" to stop the current momentum that is building.

Meanwhile, a recent US study has suggested that home-based franchise agreements are growing in popularity.

The Franchise Direct research indicated that these have a history of performing well during recessions.

If you require advice on Franchise Disputes please call us on +44 (0)20 7831 0101 and ask for Andrew Pena.