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Convert your cryptocurrency into a franchise

Written by Andy Swales on Friday, 18 June 2021. Posted in Franchise

Fantastic Services are taking an innovative approach to business by offering potential new partners the opportunity to trade in their digital currency for the price of a franchise.

Convert your cryptocurrency into a franchise

Fantastic Services are taking an innovative approach to business by offering potential new partners the opportunity to trade in their digital currency for the price of a franchise.

A ground-breaking initiative has been launched by Fantastic Services who are encouraging business-savvy individuals to trade in their digital currency in return for starting a franchise. This scheme will allow new franchisees of Fantastic Services to purchase either an Area Development or Master licence, using Bitcoin or any other recognised online currency.

Those who take up this offer will join a franchising giant that specialises in providing services for both commercial clients and private customers. Fantastic Services, which began trading 12 years ago, is a leader in the property maintenance industry and can boast of a global network of more than 550 franchise partners across the United Kingdom, Australia and United States. They undertake cleaning, gardening, handyman, pest control, removals and other property-related activities.

With regards to this latest offer, franchise licences with Fantastic Services start at £15k and they are offering new members the option of using their cryptocurrency to fully or partially fund the purchase of a start-up franchise. Owners of online currencies, such as Bitcoin, will be able to acquire a franchise licence for a minimum of 0.5 BTC (Bitcoin) or 10 ETH (Ethereum). And there are no strings attached or network transaction fees involved.

Fantastic Services believe they are offering the best rate of return, compared to other cash out options, for digital money. They also feel they are providing ‘a solution to turn online investment into a real-world return.’ Co-founder of Fantastic Services, Rune Sovndahl, says: “Digital currency is a vicious circle, and we want to help people who are stuck in a loop by offering them the chance to cash out their currency and use it to purchase something tangible. Something that will provide a sustainable income and help break the chain of cryptocurrency.”

A report by Finder.com claims that more than one-fifth of Brits have invested in cryptocurrency and, since 2018, the number of UK people purchasing it has increased by 558%. Rune continues: “We have all been through a very challenging 12 months, with a lot of volatility in the market. It’s no secret that very soon, all cryptocurrency transactions over £1,000 will become taxable and that the future of digital currency is clouded with uncertainty. 

“With limited options available for exchanging digital currency into tangible assets, we feel the best solution is to use the currency to help start a real-world company. And this is why we have refreshed our model to accept cryptocurrency payments. We aim to enable people to spend their digital earnings by buying a business that can deliver real-world returns, and break the chain of digital currency. This will allow people to start earning cash through their own franchise. We believe this solution will help thousands of people in the UK to escape from cryptocurrency.”

And Jenny Farenden, the franchise marketing director of Fantastic Services, says: “Since the relaxing of Covid-19 restrictions, we have seen a huge spike in demand for our services and are growing exponentially across the country. We are always trying to develop new ways of helping people start a franchise business. With the volatility of the digital currency market – and with many people seeking a way out – we are offering crypto investors a solution to cash out their currency in return for a sustainable franchise model.”

The company have won numerous awards, and were named the seventh best franchise in the UK by Franchise Direct 2021. Among those high-profile franchise businesses that earned a lower ranking than Fantastic Services were: Subway, Burger King and Starbucks.

About the Author

Andy Swales

A dedicated journalist for three decades, Andy has spent much of this time working for ITN, Sky Sports and Today’s Golfer magazine, after starting out years back at the Hackney Gazette. Since leaving Sky Sports in 2018, has spread his wings into other areas and loves writing about property and the nations rising stars in the SME business world and franchise community.

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