Exciting double acquisition for Sourced Living’s newest franchisees!

Exciting double acquisition for Sourced Living’s newest franchisees!

Sourced Living is delighted that just weeks after completing their induction training two new franchisees have completed on the fully funded acquisition of two well-established independent agencies, with a combined total of almost 500 managed properties.

Dan Molkenthin and John Clark completed their induction training in February and were both immediately on the acquisition trail to buy established independent agencies. Thanks to the Sourced Living Assisted Acquisition Programme, Dan quickly completed on Crucible Homes, which has offices in Wickersley and Chapeltown and in the coming weeks will be rebranded to Sourced Living Rotherham. John Clark is the new owner of Nationwide Estate Agents in Adlington – destined to become Sourced Living Chorley.

“I would like to offer my sincere congratulations to Dan and John, who are both ambitious entrepreneurs with a passion for property, as well as having the commercial background and skills needed to ensure their acquisitions succeed,” says Sourced CEO and founder Stephen Moss.

“Sourced has developed a superb Assisted Acquisition Programme, which can provide full funding for property businesses that fit our investment criteria. Having access to full funding gives our franchisees a huge advantage and this is a very exciting time for the Sourced Living brand. I can confirm that we currently have an acquisition pipeline of approximately £10 million, which will ensure that more new and existing franchisees can take advantage of our successful business model and receive the necessary support for accelerated growth.”

John Clark, who prior to joining Sourced Living had a 30-year career in project management says: “My background provided me with a lot of transferrable skills to take on this acquisition. I’ve always been interested in property and have owned several rental properties abroad and in the UK, and I’m delighted that this acquisition opportunity came up so quickly. Nationwide Estate Agency is a very well-established business, with 270 fully managed properties, plus a team of three people, which includes the previous owner, who have all been very welcoming. We recently held an open day for landlords and tenants, and the response was incredibly positive.

“It’s great to be part of the Sourced Living franchise network, and to have completed on an acquisition at the same time as Dan. I have absolutely no regrets and would definitely recommend it as a great business opportunity.”

Dan Molkenthin, who has a background in recruitment and sales, says: “I’ve always had a passion for property, and had known of Sourced Living for some time. I knew the brand was doing well and decided that a franchise was a great opportunity for me to enjoy being a business owner, with all the support I needed to ensure compliance.

“Crucible Homes does estate agency and lettings, and currently has 212 properties under full management, so I’ve really hit the ground running! I’ve inherited a team of eight people, and I’m actively looking to recruit more.

“It’s amazing that this acquisition came to life so quickly. The level of support and belief behind the Assisted Acquisitions Programme really sets Sourced Living apart – there’s always someone on the end of the phone if I need them. It’s not just about starting a business; this is about accelerating ownership and growth from day one. We are looking forward to moving to new offices in a few weeks, when the business will rebrand to Sourced Living Rotherham.”

Sarah Byrne, Sourced Living Brand Manager, says: “Watching franchisees who only joined us in February, with no previous industry experience, now heading up their own agency through the power of acquisition, the support of the

Sourced Living team and the power of franchising, is exactly why I believe so strongly in this model. In these particular cases the acquisitions were 100% funded, creating genuinely life-changing opportunities and showing what’s possible when strong commercial people are given the right platform and support.”

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