Just looking at figures for one of the many different franchises that they have all over the country – the franchise in Reading – shows that the lettings market is really on the up, with the figures from the months between October 2011 and March 2012 showing a massive increase. On top of this, the number of landlord acquisitions has risen by an impressive 50%, which further shows that the lettings industry is really on an uptick at the moment. A large survey by NatWest/BFA has supported this, showing that growth for the lettings industry is far higher than the national average.
Perhaps the most startling piece of information released by Redstones though is the information regarding the types of people who are taking the franchise option with them – people who come from all kinds of different backgrounds. For example, Redstones state that some of their franchisees came from the banking sector, others from family businesses and others from specialist careers, such as IT. This shows that the economic downturn has hit all kinds of different sectors and that they are all looking to the lettings industry as a way of reviving their fortunes, due to the fact that it’s faring so well despite economic pressures.
If we go back to the initial franchise that we were looking at – the one in Reading – the figures for those looking to get into the Redstones franchise model are laid bare. The owner of this particular franchise, Mr Gurprit Johal, has stated that his projected earnings from his first year in operation are going to be over £100,000, which is certainly a large amount for a business that is so young. He puts this down to the robust business model developed by Redstones and to the hard work that the company puts into every new franchise.
Starting your own business, whether it is an offline or online franchise, can be a tough task in economic times that are not conducive to making money. The lettings industry, however, is something that is defying this trend and is providing a great chance for many recently redundant workers to rebuild their lives. If you are interested in the opportunities offered by Redstones, they run many different open days throughout the country, where you can meet the staff and chairman of the company.