Franchise news

25.04.2008

Case Study: NoLettingGo Newcastle Upon Tyne

27-year-old Jamie Reddihough is no stranger to running his own business, having successfully founded a property development company upon graduating from university.

Jamie attended the Royal Agricultural College, Cirencester to study Property, Agency and Surveying, and his original career aspirations were to become an estate agent, although he then went on to switch his attention to establishing a career in surveying. However, three years down the line after he had completed his studies, Jamie began to consider another career option. Since both of Jamie’s parents are self-employed, the decision to go it alone represented a completely natural choice for this young entrepreneur. So, enticed by popular TV programmes such as “Location, Location” and having sourced the required financial funding, he set up a business based on buying, selling and renting out properties.

Having enjoyed three lucrative years in the property sector, Jamie became restless and was on the look-out for a new challenge. Desk research had led him to consider the franchise route an attractive business proposition, offering a more secure and proven formula for success, coupled with the back-up and resources of the franchisor.

Scouring the franchise magazines, the NoLettingGo franchise opportunity immediately caught Jamie’s attention. The business seemed tailor-made to suit his requirements, providing a new challenge that would draw on his knowledge of the property market, whilst operating within the framework of a newly launched franchise network. As an existing landlord himself, Jamie was well aware of the acute need to protect his property investments via the employment of detailed, accurate inventory reports – and was also familiar with the recent legislation which has fuelled the importance of an independent inventory in relation to the mutually agreed release of a tenant’s deposit.

After making initial contact with NoLettingGo, Jamie was suitably impressed with what he heard to go on and undertake some further research into the feasibility of setting up an inventory management business in his area. A quick web-based search revealed that there was only one registered independent inventory clerk in his area – and with a massive 40,000 student population in Newcastle, it quickly became evident that there was a significant gap in the lettings services market which the NoLettingGo proposition was ideally placed to fill.

Once he had identified the massive potential for the business, Jamie wasted no time putting the wheels in motion to secure the Newcastle territory. After completing his training programme in March of this year, he took on the first Northern-based NoLettingGo franchise on 1st April 2008.

In just a matter of weeks, Jamie is already reaping the benefits of being part of a national network, and is finding working to the franchise blue print an enjoyable and stress-free experience. True to form, Jamie’s sights are firmly set on the future with plans to establish the Newcastle office first with a view to securing the Gateshead and Sunderland / Durham offices in a couple of years’ time. Ultimately, the 27-year-old plans to bring in staff to run the businesses allowing him time to take on a networking role which would include overseeing all three offices.


NoLettingGo (UK)

Letting / Property Services
» to the franchisor


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