The UK's largest independent estate agency chain – Spicerhaart – has a fund of £26 million to be spent on acquisitions.
The firm is looking to purchase agencies in areas where it currently has no market presence, as well as locations where it already operates.
The South Coast, London, Bristol, the West Midlands, Manchester and Yorkshire are some of the key locations in which it is looking to spend.
Paul Smith, Spicerhaart chief executive, insists his firm doesn't act like a 'ruthless corporate' and has the interests of existing staff at heart when acquiring new businesses.
“We have an excellent track record of acquiring businesses over the years, recognising the importance of looking after the people who work there and making them feel part of our family," he says.
Smith adds that Spicerhaart's commitment to expansion is a 'ringing endorsement' of the traditional estate agency model.
"The public are increasingly becoming wise to the fact the online agents just aren’t as good at selling their properties as traditional agents," he says.
"We firmly believe there is a place for well-run local estate agents, continuing to do business face-to-face when people choose to sell their most valuable asset, their home."
In the past, Spicerhaart – which runs well-known estate agencies Felicity J Lord and Chewton Rose – has acquired Woolwich Property Services, Darlows and Haybrook.
Smith confirms that Spicerhaart is looking to purchase profitable agencies, including those with lettings divisions.
He urges owners to contact his agency if their firm meets this criteria.