Letting agent offers currency exchange service

The scheme is running in partnership with Edinburgh-based foreign currency specialists, No1 Currency and will stock all major currencies for immediate exchange.

And it comes shortly after a report by the Franchise Development Service (FDS) claimed that the franchising industry was set to boom in 2009 as an increasing number of small businesses looked to diversify and more people became self employed.

No1 Currency already operates licensed Bureau de Change outlets in partnership with Scotland’s leading travel agents, Barrhead Travel and a number of alternative financial services such as Cheque Centre and Cash Generator.

Managing Director of EH Letting, David Klan said: "We have a large office at EH Letting, and there was space going spare. I needed to identify a business opportunity that could operate and co-exist with my current business.

"A Bureau de Change partnership with No1 Currency presented the perfect opportunity to utilise this space effectively."

Bureau manager Gordon Allan said: "The new currency exchange service creates an additional income stream to the business. The whole package is ideal because it’s low risk and can be set up with minimal outlays and it’s a great way to increase the client base.

"I personally used the No1 Currency Bureau de Change located in Edinburgh whenever I needed foreign currency because they seemed to consistently offer the best rates. When I inquired about a bureau opportunity with EH Letting, No1 Currency sent one of their team over to the office and the rest, as they say, is history."

Managing Director of No1 Currency, Mark McElney, said: "The downturn in the economy has not stopped people from travelling and taking holidays overseas, however as consumers become far more price savvy, value for money has never been so imperative.

"This latest opening is testament to the continuing expansion and market demand for our cost-effective currency exchange services.

"By using this new currency exchange service at EH Letting our customers are able to make their holiday money and currency transfers stretch that little bit further."

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