Redundancy payouts are giving workers the capital and incentive to try something new leading to a 50% increase in enquiries to a domestic cleaning franchisor.
Over the last three months, cleaning franchise Time For You has taken up to 90 calls a month from people enquiring if a franchise is available in their area.
That compares to the 15 calls a month taken in late 2007 and 60 calls a month this time last year.
The franchise business is booming as people realise the opportunity to work for themselves and have a sum of money that they can invest.
For those being made redundant from a well-paid job, a franchise is viewed as a good way to re-enter employment without taking a step down.
Time For You founder Freddie Rayner said, “It is often the case that people are unhappy in their job and want to try something new, but they’re scared to take the risk.”
“Redundancy gives them no choice in the matter; they have to find a new job and they have money to invest so why not become self-employed.”
“We have noticed a marked difference in the number of enquiries that we are getting and many of those enquiries come from people who are currently unemployed.”
Set up in 1997, Time For You is now approaching 200 franchisees, and with its intensive induction programme and continued support to all franchisees, 87% are able to make back their initial investment within the first six months of trading.
In spite of living in tough economic times, Time For You has achieved a growth of around 12% over the past year and this looks set to rise to at least 17% within the next six months.
By following proven ideas, methods and systems, and hiring only screened and vetted cleaners, franchisees are able to offer the best possible service to their time-poor clients.
Time For You is a member of the British Franchise Association and is committed to retaining the values and family feel of a small business.
The business currently incorporates three franchises, Time For You domestic cleaning, Bone Dry carpet cleaning and Oven Wizards oven cleaning.
Freddie has been hailed as a franchise guru because of his success and has recently written a book, ‘Franchise Success: How to Make It Happen’.
You can still get a free copy at www.freefranchisebook.co.uk.