Lettings firm launches huge expansion programme

"It is a real challenge for Contempo Lettings but we are determined to grow, building on our extensive experience of letting and property management, and a wide client network," said managing director, Carolyn Donaldson.

"We have a strong presence in Glasgow and Aberdeen, but places like Edinburgh, Dundee, Stirling, Perth and Inverness are now among those on our target list."

She said the plans for growth had two major benefits – to meet the rising need for rented property and to offer an alternative way for people losing their jobs, in the public sector for example, to earn and start their own business.

"There is no doubt that demand for rented property is continuing to rise because so many cannot now get a foot on the property ladder as first-time buyers," she said.

"And, clearly, many hard-working individuals are losing their jobs because of cutbacks who want to continue working.

"We will have more properties for tenants and we will give an opportunity to people to start up a franchise with us for a minimum investment backed by the expert accountancy and legal team at Contempo."

Glasgow-based Contempo, set up in 2007, is one of few franchisors based in Scotland in any industry sector.

Under its franchise offer, its new offices – known as territories – come in with a starting price of £15,000 rising to just below £20,000 for "super" territories such as those in the Edinburgh area.

And although Contempo has so far only released territories in Scotland, extending its reach into England is not being ruled out.

"We are an ambitious company with plans and opportunities and we have high hopes of building a major network of Contempo offices all over Scotland," Donaldson said.

"While this is under way, we will consider how we could maybe develop a presence in England."

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