DNG launches franchise operation

Estate agents Douglas Newman Good (DNG) today announced the firm’s latest expansion plans with the official launch of the first phase of its national franchise network ‘DNG Nationwide’.

The initial phase of the franchise operation comprises 12 firms of estate agents with a branch network of 16.

DNG has also agreed terms with a further seven firms, which will provide an additional 10 branches.

DNG currently has 16 branches in the greater Dublin area, with a further four due to open in the immediate future.

These branches, combined with the new franchisees, will result in a DNG network in excess of 40 branches across the country by early 2005.

Douglas Newman Good currently sells in excess of €1.25bn worth of residential property annually.

Combined property sales for the existing DNG offices and the new DNG Nationwide franchisees are projected to surpass €2bn in 2005.