Northwood Eastbourne franchisee Paul Ryder has completed his fifth business acquisition, snapping up Martin & Co Eastbourne following the retirement of long-standing owner Gary Mills.
The deal adds 130 managed properties and a sales pipeline to the Northwood Eastbourne portfolio, while also transferring two staff members into Ryder’s existing operation. The enlarged business now employs nine people.
Ryder (main picture), who has been with Northwood for almost two decades, says the acquisition was an obvious fit.
He adds: “I knew Gary was looking for a trusted agent to take over his business. It was a great opportunity, and I’m delighted the deal has gone through.”
BUOYANT LETTINGS HUB
Ryder says that all Martin & Co landlords and tenants have been informed of the change, with Northwood Eastbourne now managing their properties. The branch is also promoting its Guaranteed Rent Scheme, which Ryder describes as a key differentiator in the local market.
Eastbourne remains a buoyant lettings hub, with strong rental demand driven by population growth and its appeal as a coastal town.
And Ryder says he is actively seeking further acquisitions to build scale: “I’m still on the lookout for expansion opportunities – and I expect there will be more to come.”
DEDICATED ENTRREPRENEUR
Northwood managing director Phil Gee adds: “I would like to offer Paul many congratulations on his latest acquisition.
“Paul has been a Northwood franchisee for almost 20 years and runs a superb business in Eastbourne.
“He is a very ambitious, dedicated entrepreneur, and I am confident that the acquisition of Martin & Co Eastbourne will be an excellent addition to his existing business.
“One of the many benefits of becoming a franchisee with Northwood, is the opportunity for business growth, as we are part of The Property Franchise Group (TPFG), which has a dedicated team who can match franchisees with some fantastic opportunities.”
