Pentagon launches the MoneySave Franchise
30 September 2011
In direct response to the growing issue of financial exclusion in the UK, Pentagon (UK) Ltd one of the UK's largest providers of debt solutions, counselling and management services, has launched a new franchise opportunity - MoneySave Franchise.
MoneySave brings together a comprehensive range of financial products and services from respected brands, specifically created for the increasing numbers of people with past or current debt problems who are finding it difficult to access mainstream financial services. These products, along with debt management solutions, are designed to help individuals get back on track in the short term whilst looking after their financial needs for the longer term.
The MoneySave Franchise builds on Pentagon's 15 year pedigree in delivering debt solutions, which is currently helping over 26,500 indebted individuals across the UK through its DEMSA accredited EuroDebt and Atlantic Financial Management brands. It also builds on the established EuroDebt Franchise operation.
As Graham Dennis, Franchise Director of MoneySave, explained, this new Franchise operation provides great opportunities for individuals wanting to create a business that can help those struggling with their finances: "Significant increases in day to day living costs, stagnant wages and a cull of jobs in the public sector are giving rise to a new era of financial stress in the UK. Many middle income households in particular are struggling to make ends meet having over-committed themselves at a time when finances were looking a lot rosier.
"MoneySave provides a powerful combination of money saving financial and insurance products and services along with debt solutions where necessary. There has never been such an important time to bring the MoneySave Franchise proposition to market and we look forward to meeting prospective franchisees at the National Franchise Exhibition at the NEC."
The MoneySave proposition brings together Pentagon's expertise in creating debt management plans, arranging IVAs and offering bankruptcy assistance along with general insurance, life and protection, banking, refinancing, remortgaging, equity release and lower energy costs. Each MoneySave franchise will be given a specific geographical area to target new business and support existing clients and they will receive a nine day residential training programme, along with marketing, IT, client services, insurance, legal and call centre support from Pentagon's Head Office in Bedfordshire.
The nine-day residential course at a purpose-built training centre teaches new franchisees everything they need to know about debt advice, debt solutions, financial solutions and the credit industry. Each training module and session is specifically designed to give the MoneySave franchisee the knowledge and skills needed to run a successful business.
On-going support includes an automated helpdesk where Franchisees can email questions 24 hours a day, as well as an online marketing strategy website and automated stationery ordering system. Plus a dedicated call centre team supports all national marketing campaigns for the MoneySave franchisee.
Pentagon's experience of running the successful EuroDebt Franchise shows that a franchisee could earn up to £29,000 in year one, £65,000 in year two and a six-figure income of over £100,000 by the end of year five after expenses.
"We believe the MoneySave Franchise offers an immensely exciting and potentially very profitable opportunity for anyone looking to set up their own business", concluded Graham Dennis. "With low start up costs it provides a long-term residual income in a defined territory and we look forward to discussing the opportunities at the National Franchise Exhibition."