SUMMARY
Type of franchise:
Home or office based professional services
Industry Sector:
Debt management
IDEAL FRANCHISEE PROFILE:
ndividuals or partners who are personable, empathic,
professional & good communicators.
COMPANY HISTORY: Established 1996, franchising since 2001
NETWORK SIZE: 70 franchisees
INVESTMENT REQUIREMENT:
£21,950 plus VAT and working capital
PRIORITY RECRUITMENT LOCATIONS:
Suffolk, Cambridgeshire, Warwickshire, Staffordshire, Northamptonshire, North Somerset, Midlothian, Fife & Northumbria. Other areas available.
"With total UK personal debt in excess of £1.2 trillion and levels of unmanageable debt rising, there is a clear need for services like ours and this provides an important opportunity for individuals who can work to our exacting customer service standards," reveals Pentagon National Sales Director Graham Dennis.
Pentagon franchisees are licensed debt adjusters trained to assess and offer advice to consumers struggling to manage their finances. Franchisees make an initial visit to a potential client to assess their financial situation. They then compile financial evidence to support the case and pass it to the Pentagon head office team.
"Pentagon is the UK's only debt management company to focus on home visits as a core component of its client liaison," adds Graham. "We have established almost 200,000 agreements with creditors and over 15,000 active Debt Management Plans with UK consumers and have a strong track record working with creditors to freeze interest and charges. We also provide a unique pre-paid credit card for people in debt."
Pentagon provides a comprehensive training and support package, which includes an initial four-day residential training course. This is complemented by one month of mentoring from an experienced franchisee including a training de-brief, accompanied client visits and mentoring. Franchisees are also supported by a call centre, which generates initial leads, and a team of account managers and legal advisors.
"Every case earns the franchisee an initial payment and a monthly residual income based on what the client can afford, calculated on their income and expenditure, and a percentage of the payment to each lender," explains Graham.
"Franchisees can potentially turnover in the region of £100,000 per annum. Some of our franchisees are achieving turnovers of £200,000 plus. The amount franchisees can earn depends on the individual and their commitment to the business, but compared with an initial investment of just £21,950, there is a considerable earning potential. We also provide franchisees with a retirement plan, so that when they retire they continue to receive an income."
While experience of the financial services or consumer advice sectors is desirable, Graham is keen to point out that it is not essential. It is more important that franchisees possess good interpersonal skills, are empathic and comfortable meeting people face-to-face in their homes.
"Is there a fortune in Franchising?"
£1.2 Trillion Recession Proof industry
- 10 year proven track record
- Potential £100k+ annual income
- Generate a monthly residual income
- Recession-proof
- 60+ existing franchisees, many in their second 5yr term
- A member of the British Franchise Association
- No experience needed
- Full support & training
- Monthly residual income
- Franchise fee: £21,950
We are one of the largest professional
debt management companies in the
UK with over 15,000 clients.
In the past 10 years we have
successfully negotiated over
250,000 individual agreements,
we help people get out of severe
financial difficulties.
Do you want to help people regain
control of their lives?
Do you want to build a business that will give
an initial income with a residual monthly income?
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