Posted:12-November-2008
Lloyds TSB give the thumbs up to Martin & Co's franchise opportunity
Martin & Co’s business model has received the highest rating from the Lloyds TSB. Despite the current financial climate the bank remains positive about franchising and views it as a key sector.
Paul Newman who works as a Funding Manager for the UK’s No 1 letting agent is delighted with this news, “While there appears to be doom and gloom in the property sector and sales may be somewhat in the doldrums, it’s a very different story in the lettings sector, which is currently very much on the up, amid long-term predictions that private rentals could be set to play an increasingly important structural role in the UK housing sector”.
“It is great news for Martin & Co that their business model is supported by Lloyds TSB. Both new and existing franchisees will be able to benefit from competitive rates on funding and bank loans and know they are working with an organisation that understands the franchise business model.”
Paul adds, “In these times of the ‘Credit Crunch’ it is now more critical than ever to have a tried and tested business model supported by a robust Business Plan at the outset - not only to secure the correct funding but as a business tool to be revisited regularly.”
Ian Wilson, Managing Director added, “We have a 100% track record in securing funding for our new franchise owners and being able to add Lloyds TSB to our list of funders is testament to this. We have an ambitious target of 200 offices by 2010 and support from this financial institution will be instrumental in helping us achieve this target.”
Martin & Co also have established funding relationships with HSBC and NatWest.
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