Singing Pig

Good Afternoon and before I go any further let me apologise for not connecting this message to the earlier strand on Taylor Skelton Walters plc (I couldn't find it, can I claim newbies priviledge).

Anyway, yesterday afternoon I met John Skelton the MD of the Taylor Skelton Walters plc to discuss his companies licensee offer.  What a meeting it turned out to be John was more than honest with me and was able to share with me the facts and evidence that TSW has already invested in £six Million pounds worth of projects this year alone (2008).

The licensee's who found the projects receiving 25% of the net profit from each deal.  Given the state of the market I wondered if this offer was to good to be true?  John went on to tell me that given the ongoing success of his licensee base, he will shortly be closing the licensee offer in its current state in order to concerntrate on the development of his existing team.

Does anyone know anything further about TSW.  I am quite keen to progress my conversations with him but wondered if anyone out there had any information they could share with me?

The offer that was made: was a licence fee of £9950 + VAT, a defined protected area, 25% profit share of each I submit, the ability to handle projects under option with an upfront profit share payment, ongoing support/training, access to a new web portal he is developing, ability to co-invest in project I submit.

 Thanks in advance

 James 

Hi James. Firstly, before you buy, make sure that you get to speak to as many of the franchisees as possible (why are they calling it a license?), never be fobbed off with a short list of references that are pre-vetted by the franchisor. Ask for a full list, that you can choose who to contact from. A good franchisor will be happy to provide this.

Secondly, with any franchise related to property development. Make sure that the list of developments that they offer as evidence of success, actually came from the company concerned, for example, where a particular development is mentioned, ask if you can talk to the franchisee whose development it is.

Thirdly, ask what ongoing support you are going to receive - ask the existing franchisees what support they receive? Also ask how many franchisees have not succeeded with the franchise and why.

Lastly, get a solicitor to check your agreement, if anything doesn't stack up, particularly in land/property development, which is very competitive, walk away.

 Personally, these types of franchise are far too risky and should be avoided, but you already seem to be sold, because your post reads a bit like a sales ad, so beware.

 Cheers - MaxLight

Hi,

I too have looked at this opportunity, and can find no negative feedback at all.

They also offer a 'land finder' option, of which I am yet to find full details.

Maxlight's comments are justified and worth considering; I'll will be finding out as much as I can first.

Further information would be good though, thanks.

Karl