Would You like a feature Interview?
All Interviews are 100% FREE of Charge
Keller Williams’ London Bridge Market Center, set up more than five years ago, is scheduled to close next week, making it another victim of KWUK.
Chris Buckler, head of operations at Keller Williams London Bridge, has confirmed the closure of the market center after failing to agree to the terms of a new deal with KWUK.
“We have decided not to negotiate a franchise extension, but wish KWUK the best of luck,” Buckler said, without elaborating. I cannot comment further at this time. ”
Several UK franchises founded by franchisor Keller Williams have closed in the past 12 months, with the closure coming quickly in the context of the bankruptcy of Keller Williams’ Evolve Market Center.
Business House documents reveal that the TBF Center entered into voluntary liquidation last month and is managed by FRP Advisory.
EYE understands from several influential sources that at least two other market centers may be on the verge of closing due to disputes between license holders and headquarters.
Several investors in Keller-Williams’ UK business are said to be unhappy.
Keller Williams UK was first established here in 2013 and has been run by Ben Taylor since 2017 but has failed to gain significant momentum. Recently, Nicky Stevenson (EA Events, Fine & Country), Simon Leadbetter (Night Frank, Countrywide, Fine & Country), Russell Kwark, Anthony Qwark, Gaven Swan (Countrywide) and many others. A prominent senior executive is running away from the business. ), Wayne Albert (KW South Africa, eWemove), Jason Cannon (Spicer Heart), Will Clark (Knight Frank), Matt Thomson (Foxtons and D&G) – some of these names are very high profile. high-profile real estate figures, but none lasted. He even spent a year at the UK headquarters of a US-based company.
Keller Williams UK CEO Ben Taylor says KWUK’s decision to close Keller Williams London Bridge Market Center after five years despite being a profitable franchise (EYE has confirmed the financial results).
Taylor commented: “As part of our ongoing plans to develop and grow our business, KWUK has taken the decision not to renew its London Bridge Market Center sublicense.
“Accordingly, this license will expire on June 15, 2023 in accordance with our current agreement. Agents will receive full support from one of our four neighboring market centers.”
“Over the past five years, KWUK has learned and built exactly what it takes to best support agents in building successful businesses and profitable, market centers that impact local communities. We have invested considerable time and resources in this, and this further restructuring is an important step in the development of KWUK’s success story.
“KW is the world’s largest real estate company by number of agents. This is due in no small part to the culture of KW around the world. It brings together agents, associates and leadership as we all work to live our lives. It’s an “adhesive”. worth living. “
The Keller Williams London Bridge was under the care of Julian Jacobs until May 2021, when he sadly passed away suddenly at the age of 44 from a heart attack.
Real estate agent tragically dies at 44