London, United Kingdom (PressExposure) May 02, 2012 -- Since its inception in 2000, Redstones has grown into one of the largest lettings agencies in the country, with many agencies in many towns throughout the United Kingdom. What makes them different though is the fact that the majority of these lettings agencies are franchises, a system that was unveiled only recently by the company. By offering support and advice to all new franchisees, they ensure that every franchise is a success and that all of their franchisees are happy. Thanks to this innovative approach, they have now been able to declare that this year has been their busiest ever and that they are now one of the most popular franchises in the UK.
When analysing the performance of a franchise, it is best to dig down and just look at one of the many they have, so we are going to concentrate on the relatively new franchise in Reading - a city with a tradition of having a strong lettings market thanks to the university there. The new franchise here has coped extremely well with the economic downturn and figures for March 2012 have shown a dramatic increase on the ones just six months previously - something that has brought a smile to Mr Gurprit Johal, the new franchisee. Landlord acquisitions have also gone up by 50% in this time period, which is another great indication of the fact that the Reading franchise is doing very well.
One of the more startling facts to come out of a recent survey by NatWest/BFA on the lettings franchise industry though is in regards to the type of people who are now moving into it, with people from loads of different backgrounds seeing the advantages that this industry can bring financially. Redstones themselves have franchisees formerly from the banking sector and the IT sector, as well as families who are looking to expand the range of business that they have and protect against further financial meltdown. Basically, the lettings industry is one of the only industries that is prospering during these times and people have realised this - hence the massive interest in Redstones' franchises.
To see how much a franchisee can earn from one of the Redstones franchises throughout the country, we return to Mr Gurprit Johal, the new franchisee in the Reading location. This franchise has not even been open for a year, yet he is already conservatively predicting that he will see £100,000 in earnings for this year.
Obviously this, in large part, comes down to the determination and hard work that he has put in to making the business work, but he also states that the support and guidance given by Redstones has been invaluable - support and guidance that every new franchisee will get when they sign up.
Regardless of whether you start an offline or online franchise, thing are likely to be tough in the current economic climate, but this is seemingly not the case if you head over to Redstones. If you have any further queries or questions, they hold open days throughout the country and you will be able to get answers by visiting one of these.