Research conducted by Platinum Property Partners (PPP) has shown that many of its franchise owners come from successful corporate backgrounds. The buy-to-let property investment franchise has among its franchise owners the former worldwide Finance Director for the Norwich Union group, a physiotherapist, a Harley Street psychiatrist, a solicitor, a former estate agent, and the former European Central Services Director for Coca Cola Enterprises.
An investigation by PPP into the backgrounds, lifestyle and aspirations of enquiries has shown that the majority also come from a corporate background and while some have been made redundant, others have taken the decision to improve the level of future security and investment opportunities by launching a franchise. Furthermore the company has reported its busiest year since it launched, as enquiries have increase by 500 per cent between March 2008 and March 2009 and attendance at PPP franchise workshops by 70 per cent in the same period.
Neil Mansell, who previously worked as a business development manager in the City before launching his PPP franchise and now earns over £130,000 a year gross profit from 12 buy-to-let properties, said: 'On the one hand I can't believe how far I've come in such a relatively short space of time, but, then again, you definitely get out what you put in, and I have put in a lot of time and effort to make my business work.'
Steve Bolton and Nick Carlile, founders of PPP, use their experience and passion for training and mentoring to guide investors in what can be a complex market sector. Steve commented: 'We are advising a growing number of people who have cash reserves and some business experience but major questions about where to invest those reserves. They need an annual income but also want to retain the value of their investment. We have worked hard, and applied our expertise to make sure the PPP franchise provides a robust core property investment model, unaffected even by falls in capital values. I think this accounts in part for the busy year we are having.'
Published: 2 June 2009
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