PROPERTY SLUMP BOOSTS OPPORTUNITIES FOR FRANCHISES OPERATING IN LETTINGS MARKET
September 2008: -
Visitors to this year’s National Franchise Exhibition who may be looking to embark upon a new franchised business opportunity will be keen to seek out additional reassurance that the franchise is fit to face the challenges of the current economic climate. One sector primed to benefit from the much debated “credit crunch” and the well-documented slump in the UK property sales market is the lettings market – and its associated services. According to No Letting Go, the recently launched UK’s first national inventory management brand, operating in the domestic rental market, the lettings market is booming, representing the perfect time to launch a business providing rental support services.
Nick Lyons, MD No Letting Go says “According to a recent RICS (Royal Institute of Chartered Surveyors) Lettings Survey, instructions to let property rather than sell increased significantly in the first quarter of this year – with an increase of 29% compared to 2% the previous quarter. Surveyors are reporting record rental yields in the RICS Lettings Survey history and all the predictions point to a continued growth in the lucrative rental market”.
Lyons continues “As a result, the No Letting Go proposition represents a superb business opportunity ideally placed to capitalize on the current trends within the property market. And in a climate where individuals are naturally more risk averse, our requirements for minimal working capital combined with low start up costs, but with the opportunity to develop a flourishing, highly profitable business will definitely appeal to today’s more cautious prospective business owner”.
No Letting Go now covers 8 franchise areas in the UK: Newcastle; Leicester; Gravesend; Medway; Bexley; Greenwich and Canterbury, and is keen to extend the network to cope with the growing demand for outsourced inventory management services. The company has also recently secured a lucrative national contract for the handling of outsourced inventories, which provides newly trained and existing franchise owners with instant access to a key client.
Anyone interested in setting up a No Letting business, supplying inventory services to local landlords and letting agents in their area should visit the No Letting Go stand located S130, or contact Tony Mundella on 0845 659 9980 / email firstname.lastname@example.org, or visit the company’s web site, www.nolettinggo.co.uk.
For further information please contact:
No Letting Go press office
T: 01227 700 175
M: 07970 252566 / E: email@example.com
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