Just one year after becoming a franchisee, Tom Cartwright, owner of Belvoir Exmouth, has doubled the size of his business with a third acquisition.

Belvoir CEO Dorian Gonsalves said: “I would like to offer huge congratulations to Tom Cartwright, on his acquisition of Stocks Property Management, which has doubled the size of his business. Tom only opened Belvoir Exmouth as a hot-start last October after buying Home Estate and Lettings Agent in Exmouth and rebranding it to Belvoir. Within months Tom completed on the acquisition of a second, small local lettings agency, which added to his lettings portfolio and provided him with a foothold into the sales market. Tom’s achievements were recognised in March 2023 when he won the Belvoir Newcomer of the Year Award at Belvoir’s Annual Awards.

“It is amazing for Tom to celebrate his first year with Belvoir by completing on this third, large acquisition. The Belvoir Group has a superb acquisition programme to support franchisees and we are always very keen to help ambitious entrepreneurs expand their businesses in this way. Tom is an ex-marine who is proving to be a very committed and impressive business owner, and I wish him every success for the future.”

Speaking of his latest acquisition, Tom said: “I can’t believe how much we have achieved in just one year! We started out with about 59 properties, and we now have almost 200, and we also won the Best Newcomer Award in March of this year, which ironically, I couldn’t collect as we were too busy completing on the first acquisition!

“There are now four of us in the business – myself, my wife Emma, Nick Wright, who is our property coordinator, and Ian Matthews who is ex-RAF and recently joined as a property manager with about 15 years of experience

The Belvoir Exmouth office is at 22 Rolle Street, Exmouth, EX8 1NJ