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No Letting Go

No Letting Go provides services to the lettings industry with the preparation of the inventories on residential rented properties and facilitating the check in and check out of tenants.


Investment Amount:
£10,001 - £20,000
£20,001 - £50,000
Industry Sector(s):
Home Based Franchises, Management Franchises, Property & Estate Agency, White Collar Franchises
Exhibitions
The National Franchise Exhibition

No Letting Go Property Franchise

Our franchisees come from a variety of backgrounds which goes to show that running your No Letting Go business suits all types of people.  With no office overheads and low start up costs, this business is also very accessible.

The growth of the lettings market is forever in the papers and becoming involved in the industry is not only good fun but rewarding. We are looking for the right people who share our passion for property and understand excellent customer service, people that we can work with to build successful local businesses.

What we do

No Letting Go is the leading inventory management company serving letting agents, property managers and landlords providing detailed inventory and condition reports on rental properties. The company was founded in 2006, and we have been franchising since 2007. As well as inventories we provide check in, check out and mid term property checks along with a host of other services. 

All of our property reporting is conducted on our own property software, Kaptur Inventory Pro. The software has been designed to enable the user to produce quick and concise reports in an easy to use format that is simple to follow. Watch the video below for more information on how Kaptur saves valuable time for our franchisees:

What does the franchise package provide?

Our No Letting Go Training Academy provides an ongoing training programme covering all types of report, conducting inventories, using our Kaptur software and, very importantly, sales and marketing.

Training is ongoing and we will assist you at all stages in your business growth including recruiting freelance clerks to work for you as the volume increases, advising on business development strategies, business management issues and expansion plans.

We continue to invest in our technology to maintain our position as the market leader and provide you the edge over local competition. Our national coverage enables us to attract and service national accounts which can provide some new franchisees with a base of initial work to help them launch their business.

We also provide you with our Formula For Success, which is a blueprint for running a successful inventory franchise, together with an extensive marketing toolkit to enable you to build your business locally. This is backed up with continuing support from the Head Office Team.

A Profile of Debbie Chapman

Finances

  • The initial franchise fee is £17,950 plus VAT
  • As most franchisees work from home set up costs are minimal, allow £2,000 to £3,000
  • Working capital of another £2,000 to £3,000 is advised
  • Total investment to be operational is, therefore between £20,000 and £25,000

This covers the licence fee, all set up and training including an allowance for legal and professional costs, travel and accommodation during training and all required equipment.

We will help you to create your business plan and will assist and advise on obtaining funding if required.

Most franchisees recoup their initial investment in the first 6 to 12 months and go on to build successful and profitable businesses, becoming the prime inventory provider in their area.

As with all businesses you will get a return that is proportionate to the effort and commitment you put in. Our most successful franchisees enjoy what they do and work hard at their businesses.

Location

This is a home based business, with our Head Office based in Swanley Kent. We have over 50 franchisees with scope for at least another 50 as we are looking to continually grow our franchisee network nationwide.

Territories are available in most parts of the country and, occasionally, resales of established No Letting Go franchises become available.

Who are we looking for?

If you’re looking for a franchise where you can earn a high income, a quick return of your initial investment, with a very low-cost base, then No Letting Go could be just what you are searching for.

You do not need any industry experience, but you do need to love providing fantastic customer service, enjoy communicating with people and be hard working. So if you are driven by success, and will go the extra mile to help customers, then we would love to hear from you.

The No Letting Go business model is based on repeat business, so once you are providing a great service in your area, you will know how much monthly income to expect.

The Attributes of a Successful Franchisee

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Rachel Farr Fast Tracks in Bath

Rachel Farr started with No Letting Go in 2014, and has continued to grow her franchise business in Bath at a rapid rate, now employing 3 additional clerks.

Rachel originally ran her own inventory company in Bristol and came across No Letting Go whilst on a Property Inventory Management training course. Here she explains why she decided to switch from working independently to being part of the No Letting Go franchise network: “In short it was No Letting Go’s systems that impressed me so much” she recalls.

“Whilst I was still running my own business I started to do some work with No Letting Go as an affiliate working on some of the company’s national contracts in the Bristol area where I was based at the time. Letting Agents want easy access to their inventories and online systems are the obvious solution. I was using a simple online inventory tool to generate inventory reports and log photography which worked okay but once I’d started to work with No Letting Go’s system I knew I had found a superior system; I found the software so user-friendly I knew it would make my life more manageable, that I would be able work more efficiently freeing up valuable time to grow my business. In the end it was an easy decision really.”

Rachel and her family took the opportunity to relocate to Bath, “I am loving being my own boss and with the additional backing and support of the No Letting Go team I have the best of both worlds,” she added. “I enjoy the variety, every day is different and the freedom to manage my own time and the flexibility that I have as a result is wonderful.”

Charles Trevor-Roper in West Berkshire

Charles Trevor-Roper runs a No Letting Go franchise covering West Berkshire and joined the network just over three years ago. His career had been in the hospitality sector owning and running a nightclub, restaurants and finally a country house hotel. His last role involved providing management consultancy and training to other businesses in that sector.

For Charles the concept of a franchise was particularly attractive; being able to hit the ground running with a proven business model; he was excited by No Letting Go's inventory management service, its technology and the prospect of developing a business in a thriving sector. He also liked the potential that this particular franchise presented to grow it, and which over time would allow him to step back from the delivery of the service into a management role focusing on running the business.

Charles notes "You can contact people in Head Office for advice at any time, get a quick response, and if necessary a support visit to your territory. All of these things are important in your early days of starting out."

"My love of people and communication has stood me in good stead and I embarked on visiting every agent in the area to establish and build relationships face to face. I have steadily grown the client base and now work with a number of major clients with large portfolios. I am supported by three inventory clerks who deliver the service, with the recruitment of two further clerks in the pipeline."

So what advice would Charles give anyone looking at starting a franchise? "I would suggest that before you start, decide on what you want out of the franchise, ask yourself why are you looking at franchises at all?"

"List your priorities in terms of money, lifestyle, workload, type of business etc., and use this checklist when you look at any franchise, make sure that the franchise in question meets your requirements. Once you start looking you will receive a lot of information from franchisors, and it's important to reject those that do not meet your criteria."

In closing it's worth mentioning that Charles started his franchise just ahead of his 70th birthday and yet his vision for the future is to continue growing the business. Charles is proving success can come at any time of life as he was selected as a finalist in the bfa HSBC Franchisee of the Year Awards in the category 'Olderpreneur'.

Awards

Awards This is what the independent Sunday Times Awards judging panel had to say about us after we scooped our latest award in the Best Supplier category 2016

No Letting Go provides property inventories and reports to agents and property management companies of an extremely high standard. The directors understand the importance of compliance and CPD requirements and have set out to ensure that the reports they supply are delivered by highly qualified and reliable individuals.

Inventory specialists are all APIP qualified and they produce reports that will absolutely stand up to scrutiny. They do this so well that disputes over reports produced by No Letting Go are so low as to be practically non-existent. The training academy runs residential courses on inventory management which is followed by a mentoring scheme. The Training Director is an experienced lettings agent and property manager and she brings a wealth of knowledge when designing the curriculum. She is also an adjudicator for the TDS so understands the most common areas where disputes arise and can seek to proactively manage and minimise these.

The client feedback scores show that the majority of No Letting Go’s clients strongly agree with all the statements, and it scored particularly highly on referrals and also on understanding what its clients are trying to achieve for their landlords and tenants.

No Letting Go – North Kent

An opportunity to purchase a business providing a valuable service to the property sector has arisen in North Kent.

The business is offered for sale at £20,000 which will incorporate all payments to the franchisor for training, transfer of licence, legal and associated costs.

The business in North Kent has been operated by the current owner since 2011 and is well established, having a very strong reputation for high quality service delivery and now enjoys regular repeat business delivering good returns. The potential for further growth is significant and the business requires taking to the next level and will benefit from an owner with strong business development and operations management skills. No Letting Go provides services to the lettings industry with the preparation of the inventories on residential rented properties and facilitating the check in and check out of tenants.
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No Letting Go – West Yorkshire

No Letting Go provides services to the lettings industry with the preparation of the inventories on residential rented properties and facilitating the check in and check out of tenants.

An opportunity to purchase a business providing this valuable service to the property sector has arisen in West Yorkshire.

The brand is now firmly established as the leading nation player in this market and as whilst the majority of business is derived from local letting agents and provision of an excellent service franchisees also benefit from national accounts and access to property management companies and the recent growth in online lettings portals.




The business in West Yorkshire has been operated by the current owner for just 12 months and is up for sale due to a change in circumstances of the current owner. The potential for growth is significant coupled with the possible benefit of new national accounts. The business requires an owner with strong business development and operations management skills to take it to the next level.

The business is offered for sale at £15,000 which will incorporate all payments to the franchisor for training, transfer of licence, legal and associated costs.
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No Letting Go – SE London

An opportunity to purchase a business providing a valuable service to the property sector has arisen in South east London.

No Letting Go provides services to the lettings industry with the preparation of the inventories on residential rented properties and facilitating the check in and check out of tenants.  The brand is now firmly established as the leading nation player in this market and as whilst the majority of business is derived from local letting agents and provision of an excellent service franchisees also benefit from national accounts and access to property management companies and the recent growth in online lettings portals.

The business in South East London has been operated by the current owner since mid 2009 and is well established, having a very strong reputation for high quality service delivery and now enjoys regular repeat business delivering good returns. The potential for further growth is significant and the business requires taking to the next level and will benefit from an owner with strong business development and operations management skills.

The business is offered for sale at a reduced price of £38,000 which will incorporate all payments to the franchisor for training, transfer of licence, legal and associated costs.
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No Letting Go - Mid Kent

No Letting Go provides the lettings industry with the preparation of the inventories on residential rented properties and facilitates the check in and check out of tenants.

An opportunity to purchase a business providing a valuable service to the property sector has arisen in Kent. Mid Kent is a prime area with a strong lettings market.  This opportunity has arisen due to personal issues affecting the original franchisee which has meant that he has had to relinquish the franchise – all contracts are being managed by neighbouring franchisees and will be transferred to the purchaser on sale of the business.

The cost of a new franchise in an unestablished location with No Letting Go is £15,000 and this business is being offered at the same price to facilitate an early sale. The purchasing franchisee will receive from No Letting Go; all the training, start up support, marketing launch etc. as provided to all new No Letting Go franchisees.

 

What Makes a Successful No Letting Go Franchise?

The Attributes of a Successful Franchisee

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