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February 12, 2009 ( PowerHomeBiz ) -
United Kingdom -
Since the start of the economic slowdown at the beginning of last year, No1
Currency has seen increasing demand for its franchised bureau de change
package, with a number of travel agents, financial services, and even
letting agents keen to diversify their product range and add a new source of
income to their existing business.
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No1 Currency is the only Foreign Currency Specialist in the UK to offer a
fully managed and branded Bureau de Change solution for retail chains and
independents that are looking to diversify their product range.
The popular demand for this low risk - high profit business model, which
can be incorporated into any existing retail outlet at a very low cost, is
testament to the fact that during an economic slowdown low risk
diversification is a highly favourable option.
In 2008 No1 Currency opened one new bureau de change outlet every week
using this business model, growing their network of Bureau de Changes by 25%
in just one year.
According to FranchiseInfo.co.uk a downturn in the economy actually
encourages people to seriously consider their options and franchising is
considered the safest route for business expansion.
“It’s a win-win situation for everyone,” Managing Director of No1
Currency, Mark McElney commented, “our fully managed Bureau de Change
franchise offers retail outlets the chance to expand and diversify their
product range, widening their client base and grabbing a slice of this
highly lucrative market, at a very low risk and cost to themselves.”
“Not only is this arrangement beneficial to our Bureau de Change partners
but it’s also advantageous for our Bureau de Change customers,” Mr McElney
continued, “by using this unique model to grow our Bureau de Change network
we are able to save costs on start-ups and overheads, we put this saving
directly into our customers pocket, which is why they get a better deal for
their currency every time.”
www.no1currency.com
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