No Letting Go, a franchise that provides an inventory service to landlords and letting agents, has seen its business grow despite the recession. Since its inception at the end of 2007, the No Letting Go network has expanded to 10 franchise areas in the UK, which are Newcastle, Leicester, Gravesend, Medway, Bexley, Bromley, Greenwich, Oxford, Reigate, and Canterbury.
Additionally, the South East London franchise based in Bexley has dramatically doubled its turnover in the last four months, underpinning the considerable potential for the No Letting Go business model.
Nick Lyons, Managing Director of No Letting Go, said: 'The most important issue for any franchisee prospect is to ensure they buy into a franchise which is operating in a growth market with potential to expand. Franchisees must also be satisfied that the business model developed by the franchisor is an established and proven blue-print for success - rather than merely an aspired for outcome for the business. Another key consideration is to review the training on offer for franchisee prospects. All too often franchisees are given inadequate training to achieve the necessary targets and franchisors fail in their duty to provide on-going mentoring and support to ensure the growth and development of the franchisee's business.
'At No Letting Go we are committed to the provision of extensive technical training to equip our franchisees with the necessary skills and knowledge to launch their own business within the inventory management sector. However, we equally place significant emphasis on our responsibility as the franchisor to provide our franchisees with regular mentoring sessions and ongoing business support. No Letting Go franchisees also benefit from a lucrative national contact for the handling of outsourced inventories, which provides newly trained franchise owners with instant access to a key client.'
Published: 2 February 2009
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