A number of letting agents could put their businesses up for sale rather than face the hard work and costs imposed by increasing legislation.
Ian Wilson, CEO of The Property Franchise Group, said that in the last week alone, franchisees have completed on three purchases of businesses looking for a quick exit.
He said: “We have a well-oiled machine and access to cash. When sellers want to move quickly, we can do it.
“The Government’s announcements at the weekend, about regulation of the industry and compulsory client money protection, although welcome and well-meaning, will probably be clumsily executed.
“It’s going to be a lot of work to stay in the lettings game.”
He said potential sellers should think hard about their best options.
The three newest purchases have all been by Martin & Co franchisees.
In Runcorn, TCG Residential has been sold to Stephen Hember of Widnes and Denise Griffiths of Liverpool South.
Wilson said that in that case, the seller wanted a quick sale, and achieved it. He wants to go round the world on his motorbike.
In Grantham, Philip Connor has bought Smart Lettings, and in Horsham, GL & Co Estate Agents have been acquired by David Nicholson of the Crawley office of Martin & Co.