FRANCHISEFOCUS Franchise partners also enjoy the power to boost
earnings with a host of add-on services, such as floor plans, legionella testing and virtual tours.
The market The residential lettings market continues to grow at a record rate, and as a result there is an increased demand for support services within the industry. Approximately one in five households rent within the UK, that is 4.5 million families living in private rented accommodation, and this is set to reach 6 million by 2025.
"No Letting Go has been operating for 13 years and has a great track record of successful franchisees"
Why choose No Letting Go? No Letting Go has been operating for 13 years and has a great track record of successful franchisees. Over 80 per cent of our offices renew their contracts and continue to build their business with the brand. No Letting Go is recognised as the leading national inventory provider, with many industry awards for service excellence and as a result wins more contracts with national clients. Running any business demands a particular set of skills, and while it is not necessary to have industry experience, it is important to enjoy and excel in customer service, in addition to having a drive and determination to lead and grow your business. Of course starting a new business can be daunting, so having a network of support and a proven business model can really help you to minimise the risk. Ongoing development of propriety technology
is a key component of the service delivery, and essential to maintaining a marketing leading position. Not only does the technology enable No Letting Go to deliver consistent reports faster, but it provides a portal for clients to log and store jobs, and have real-time access making it easier to manage a large property portfolio. Dan and Sophie are one of No Letting Go’s many
success stories. With an income approaching £200,000 the pair have built up a successful, sustainable business in East Kent. This has been achieved through consistent service delivery, building a great local reputation and being rewarded with many customer referrals.
Minimise your risk with low overheads No Letting Go is a service business benefiting from very low overheads, as premises, machinery or stock are not required. Franchisees can earn 80 per
cent profit from the gross sales as an independent operator and 60 per cent with a team behind them. Garry from the Sutton office says: “I’m a very service focussed person, and I really enjoy going above and beyond for my customers. The No Letting Go franchise is based on a repeat business model, so if you look after your clients they will continue to use you and recommend you to others.” Compared to other industries, the housing
market has been fortunate and fared well during the pandemic. As a cornerstone of the economy, the housing and lettings industry was amongst the first to be permitted to start trading again in May, and has been excluded from the second lockdown. Whilst the business has had to adapt quickly to change its procedures, its technology systems have enabled property visits to be conducted with a zero-contact policy in place, protecting both staff and tenants.
Costs The franchise is £17,950 plus vat and, with minimal overheads, it represents a great return on the investment. The average income of franchisees is £60,000-£80,000 with top earnings achieving in excess of £100,000.
NO LETTING GO Inventory specialists 01322 555128
info@nolettinggo.co.uk nolettinggo.co.uk
BUSINESSFRANCHISE.COM 79
Investment level: £10k-£20k
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