Mitul Gadhia was the youngest franchisee in The Property Franchise Group when he launched his first office in Loughborough in 2012, aged just 21. Now 26, he owns three offices across two brands, and is finding new ways to turn his business into a success.
Having worked his way up the ladder at Nationwide from the age of 16, Mitul walked away from his ready-made career and started again by franchising in the property industry.
Why take the risk? Mitul explains.
“I was earning great money and thriving at Nationwide, but I always knew I wanted to run my own business adhering to my own standards. I’ve not looked back since.”
Mitul points out two key factors that helped him forge his success.
“You need to work very hard for yourself and your team. Franchising isn’t a get rich quick scheme – without the hard graft, you won’t make it.”
“But also, the franchise support has been incredible. The training was exemplary, I got all the expert advice I could ask for from industry veterans, and I have been encouraged to take my business in a direction that suits me and my goals. It has been a wonderful team effort from day one.”
Mitul chose franchising in the first instance with Martin & Co and has since launched the Whitegates Leicester office, making Mitul one of just a handful of franchisees who owns multiple businesses across different brands in the Group.
“I would say that I had a privileged start in the franchise – I had saved up a good amount of money from my previous job and already had a budding property portfolio across the UK – but I got a real head start just by listening to the advice being offered to me by The Property Franchise Group.
“All of this has been priceless, and helped me on my journey to owning two more offices since I started in 2012.”
Mitul’s achievements as a young business owner have not been limited to recognition within The Property Franchise Group. His recent accolades include: Best Young Business Award Winner 2014; Winner of ‘Young Achiever Award’ and ‘Overall Winner’ in the Business Category at the Leicester Mercury Young Achiever Awards. He also won ‘Silver – Rising Star of The Year Award’ at The Negotiator Awards 2015.
“I couldn’t have done this alone. My experiences have taught me to trust both my own instincts and the expertise of the franchise. The competition is getting stronger and the market is getting tougher, but we are confident that we can diversify and attract new customers to the offices.”
“The long term goal is for each of my offices to be number one in their locality. This means the highest amount of listings, market share and number one choice for landlords and vendors. I won’t rest until I’ve achieved it and I know we will look for ways to make it happen.”
Finally, is Mitul happy with his decision to franchise with The Property Franchise Group?
“Absolutely. I’ve never regretted it – I have minimised risk, listened to advice and remained passionate. We both strive for high standards and constant success, and that holds us in good stead for the future.”
