The high-profile agency, as renowned for its high-pressure sales tactics as for the Minis its representatives used to drive, suffered a loss of £900,000 last year.
Pre-tax profits for the first half of 2010 showed a recovery to £16.7m.
The agency, which was bought by private equity firm BC Partners just before the credit crunch struck in 2007, ran into difficulty last year and two of its lenders (Bank of America and Mizuho) took a collective majority stake in the business.
It now plans to expand aggressively over the next three years, opening 20 more branches in London and Surrey, taking the total network to almost 50 outlets.
Michael Brown, chief executive of Foxtons, said: “We are heading for a good financial year again, with both our sales and lettings performing strongly. The signs are that we are increasing market share with our existing branches.
“We see a good deal of organic growth potential and we are actively opening new offices to expand into London areas we’ve not been in before.”
