Go4 Inventories Franchise Prospectus

Go4 Inventories is a trading style of Go4 Property Services Ltd

Q. What is Inventory Management?

A. When a tenant rents a property from a landlord, whether through a letting agent or directly, it is

essential that in order to protect the interests of both parties, that a full inventory is compiled. This

will provide a record of the fixtures, fittings and contents of the property along with a detailed

report of the condition of repair / décor. Once prepared, the inventory is approved as a true and

accurate document by all relevant parties.

Q. Why is there a business opportunity in this sector?

A. Running your own Inventory Business allows you to profit from what established industry

commentators report are a national shortage of businesses providing inventory services - along

with new legislation which came into force on April 6th

2007 providing a profit opportunity for

localised inventory businesses.

Under the revised terms of the Housing Act 2004, all deposits taken by landlords for Assured

Shorthold Tenancies (the most common form of tenancy in England and Wales) must be protected

by a tenancy deposit protection scheme. These schemes aim to promote good practice in deposit

handling so that when a tenant pays a deposit against a rented property, and is entitled to get it

back, they can be assured that this will actually happen.

This means that tenants and landlords are both strongly advised to have in place from the outset of

any rental agreement, a clear inventory of the contents and condition of the property that is being

rented.

Having a professionally trained independent Inventory Management business undertake this role

avoids the risk of biased or misinformed reporting and will ultimately benefit both landlord and

tenant.

Through your business, you will be able to tap into this large and profitable niche market by

providing professional property inventory services for the residential lettings community.

Q. Will you provide me with a breakdown of all the necessary costs to open the Business?

A. Yes, during the initial franchise interview we will discuss the financial aspects of the franchise

package.

Q. Can I expect to incur any additional costs?

A. The Go4 Inventories franchise package includes all necessary tools and equipment you will need

to run and operate the business. We believe that a new franchisee should be completely equipped

from the outset, with no hidden costs around the corner.

Questions &

Answers


Q. How much working capital do I need?

A. We recommend a working capital provision of approximately £1500. Cash flow is important in any

business and a franchise is no different. As almost all customers settle their accounts within 3-4

weeks we do not find a large working capital provision essential.

Q. What assistance do you provide in estimating my projections?

A. We provide very specific information for you to produce your own business plan.

Q. Are all initial training costs included in the franchise fee?

A. Yes.

Q. What does the training consist of?

A. Our initial training course is a week long programme at our offices in North London, followed by

on-site training in your territory of up to five days.

The training includes but is not limited to:-

• The law surrounding property lettings and inventories

• Why are Inventories required

• Inventory terminology

• Use of our bespoke software

• Accompanied site visits with one of our staff

• Marketing techniques

• Our accounting system

• Time management

• Dispute handling

We will require you to study for a Professional Inventory Provider Qualification during the first 6

months, the costs of which are provided within the franchise package.

Q. Is the territory exclusive?

A. Yes, the territory is exclusively designated into postcode areas.

Questions &

Answers (cont)


Q. What initial and ongoing support is provided?

A. We realise that the majority of people who are interested in franchising are attracted to a

business which gives them ongoing support. Our experience tells us that successful franchising is

linked to providing advice (technical and business), support, improved systems, consultation and

regular visits to our franchisees.

We provide support at launch with extensive technical, practical and marketing help to establish

your business in your local area. This support continues over the duration of the agreement.

Q. Who are your target customers?

A. Simple - Estate Agents, Lettings Agents and Private Landlords. To identify the potential client base

in your area just count the number of To Let Signs. Each company is a potential client and each

individual property could become a Report for you. And remember, each property will generate

more than one report for you with tenants arriving and leaving regularly.

Q. What are the Management Service/ Continuation Fees?

The Continuation/Royalty fee paid to the Franchisor is 13% of the gross turnover.

Q. Are there any other fees due to the Franchisor?

A. Like other franchise organisations, Go4 has a Marketing Fund which is used by the Franchisor to

advertise and market the brand. The franchisee contribution is 2% of the gross turnover.

Q. What are the renewal terms of the agreement?

A. The initial franchise lasts for five years and is renewable.

Q. Can I talk to other franchisees?

A. Yes, after a successful interview process we will provide you with their contact details.

Questions &

Answers (cont)


The following questions are to help you in your personal assessment of your suitability of

becoming a Go4 Inventories Franchisee – please answer them honestly.

• Does running your own business suit your temperament?

• Do you have the support of your family and do they understand the implications of running

your own business?

• Do you have the right skills, experience and strength of character to operate your own

business, particularly in the initial stages of establishing the business?

• Are you well organised with an eye for detail and computer literate?

• Are you prepared to run your business according to the successful systems put in place by the

Franchisor?

• Are you in good health and able to deal with the stress of running your own business whilst

relying on it as your sole source of income?

• Do you have the drive to communicate the benefits of your business to potential clients on a

regular basis?

• Are you strong enough to deal with disputes, deal with human resources issues and make

unpopular decisions in the interest of the business?

• Do you have any unspent previous convictions which may affect your ability to undergo a CRB

check?

Are You Right For

Us?


Franchise Location Requirements

This package requires the Franchisee to have a dedicated office for the operation of the business

from the outset. This can be from home but a room within the property dedicated as office space is

preferred.

The Start Up Package

• Apple Ipad

• WiFi Printer

• Domain Name, Website and Email address

• Bespoke Inventory Software

• Accounts Package

• Stationery Pack

• Propertyinventories.co Uniform

• Potential Client Database for your area

• Initial and Ongoing Marketing Campaigns targeting your area

• Training Package leading to Industry Accreditation

Payment Plan

We can, in certain circumstances, and with a small deposit spread the cost of the initial fee over a

period of 12 months.

Detailed Information

If you feel that our franchise package is something you may be interested in please do not hesitate

to contact us to arrange an informal chat.

Please call us for further information on 0207 206 2386 or alternatively email us on

[email protected]

The Package

Total Fee:

£11900 +VAT

Documents

Go4 Inventories Franchise Prospectus