FRANCHISE NEWSNEWSQLD

Coronis reveal plans to overhaul traditional model

Coronis has announced an overhaul of their business with a footprint model centred around 10 hubs throughout South East Queensland.

Managing Director Andrew Coronis said the leadership team had been studying the rapid changes in the real estate industry and he believed the traditional corner real estate office model was dead.

“If you look at businesses like Kodak, Blockbuster and Toys“R”Us, the one thing they all have in common is that they failed to adapt and evolve with changing market conditions, ultimately resulting in their demise,” Mr Coronis said.

“We’re in a digital age now, where the majority of our business transactions happen after hours, in lounge rooms or on the phone … the days of people walking into offices to buy, sell or rent their property are over.”

Mr Coronis said the company made the strategic decision to evolve their business model by 2022 by creating 10 hubs featuring four independent offices located in South East Queensland, which he believes will deliver three benefits.

The estimated benefits include improved levels of leadership in every hub, better team culture and increased brand presence.

“Let me be clear, this isn’t a cost-saving exercise. It will in fact cost us more money to build 10 state-of-the-art hubs featuring kids’ rooms, the latest technology and inviting spaces that our team thrive in,” he said.

“It’s about improving efficiencies, adapting to the changing business world and creating flexibility for our team.

“We’re proactively positioning ourselves to offer the best remuneration model in the industry so we attract top talent to our business, resulting in our clients enjoying the best customer service in the industry.”

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