MSM Properties, which was founded by Leeds-based entrepreneur Malcolm Myers in 2007, is expected to open its first high street branch in 2014.
Mr Myers said that he was considering locations in Leeds or Wetherby, and the planned move on to the high street had been driven by MSM’s rapid growth.
“I am very excited about our expansion plans,’’ he said.
MSM has got 250 properties on its books in cities including Leeds, Bradford, and Preston. Mr Myers believes he could have up to 400 properties on his books by the end of 2014.
The company has grown steadily during a period of economic turmoil, largely through referrals and recommendations.
Mr Myers offers a “hands on approach” that enables clients to sit back and let MSM deal with the day-to-day running of the property. Mr Myers will, for example, check tenants’ references and collect rents.
Mr Myers’s family owned Sydney Green (Leeds), a clothing business that employed 100 people during its heyday in the 1970s.
Mr Myers has a passion for motor sport, and, in the 1980s, he competed in the Lombard RAC rally.
According to Mr Myers, his experience as a rally driver taught him about the importance of focus and self-discipline.
MSM hopes to increase its staff numbers from four to eight over the next year.