MoneySave Solutions is looking for 40 new franchisees
New franchises worth £22,500 are to be opened across the UK
Debt solutions provider, MoneySave solutions is planning to open around 40 new UK franchises within the next 12 to 18 months.
Owned by Pentagon (UK) Ltd, MoneySave Solutions offers debt solutions and a range of money saving services to customers in financial difficulty.
Having opened its first franchises in 2001, the financial services provider now owns around 50 franchises and is looking to almost double in size to cope with the growing demand for debt solution services.
Available for £22,500, each franchise will deal with the unmanageable debt solutions of 60,000 households within a region.
Operating across the UK, MoneySave Solutions trains franchisees to become qualified financial debt and life insurance advisers and provides each new franchisee with a client bank of around 100 clients, producing approximately £700 per month.
MoneySave Solutions offers a range of products, including cheap insurance and a unique bank account that can be opened without credit checks and it is hoped that the new franchises will allow the company to widen its client base to include financially stable customers.
Graham Dennis, Pentagon (UK) Ltd’s franchise director told Startups: “The financial marketplace is huge.
“In the UK we currently owe £1.4 trillion, of which £200bn is personal finance, such as loans and credit cards. We’re managing £1.2bn worth of debt at the moment.
He added, “At the moment we deal with people in financial difficulties but we can still provide services to everybody across the UK.”
Read the full interview here