NEW FRANCHISE, NO LETTING GO, TAPS INTO LUCRATIVE LETTINGS SERVICES MARKET

October marks the launch of the first franchised business to operate in the inventory management sector, providing a valuable service to the lettings industry. No Letting Go - a member of the British Franchise Association - already operates one franchise territory and is the only national brand represented in the category, having been specifically developed to capitalise on the growing residential lettings inventory market. There are already an estimated 2.5 million homes in England and Wales rented from a private landlord but recent housing legislation (April '07) involving the introduction of tenancy deposit protection schemes, is destined to stimulate an enhanced demand amongst landlords and letting agents for a clear, fair and consistent inventory management service.

The No Letting Go proposition is the brainchild of Nick Lyons, founder of a successful property reports business and managing director of an established estate agency franchise. The company represents a whole new genre of franchise offering entrepreneurs access to a massive market opportunity via a manageable up-front capital investment. Although the initial financial outlay and on-going running costs are relatively low, there is considerable scope for success and the added potential to develop a business capable of expansion since, although the private rented sector has been growing it is still relatively small compared to some other European countries.

Prospective franchisees require no prior experience of the inventory management sector as the franchise opportunity brings with it an extensive and unique bespoke professional training programme, designed to equip franchise owners with all the necessary skills and expertise to launch and run a successful and profitable enterprise.

The transition from training to trading is relatively quick and once a franchisee's business is up and running, the support continues with access to the brand's national marketing campaign and centralized financial and buying resources. In addition to this, No Letting Go franchisees will benefit from regular access to an on-going business mentoring facility to enable the continued prosperity of their company.

The No Letting Go launch will be supported by a comprehensive above and below the line marketing campaign which will initially focus on franchise recruitment to drive the brand's national reach. The company will also be exhibiting at a number of key estate agency / franchise trade shows. Commenting on the launch, managing director Nick Lyons says "we are committed to raising the bar for companies operating within the inventory management business by offering a modern, fresh, and above all entirely professional and consistent service to letting agents and landlords.

The opportunities for prospective franchisees are considerable, we are operating in a market which already claims a shortage of inventory clerks and with the recent legislation, this demand is destined to grow. For a relatively low initial capital investment, No Letting Go franchisees can quickly build a profitable business with minimal expenditure on equipment or overheads.

The response to the No Letting Go proposition from the lettings trade has been unprecedented and we are confident that our name will quickly become synonymous with the role of natural industry commentator for the inventory management business".