BBX - A WHITE COLLAR FRANCHISE

BBX is a barter trading company. The origins of barter, exchanging one article for another without using money, go back thousands of years and was the means by which all commercial transactions were conducted before the introduction of notes & coins, and later cheques, credit/debit cards, etc. to facilitate sales and purchase transactions.

The system of bartering is alive and well today but has become much more sophisticated, with trade exchanges acting as the regulators and the generators of trade between member businesses (merchants) in what is essentially a cashless trading economy of its own. A separate, unique micro (barter) economy operating within a traditional macro (cash) economy.

A trade exchange uses trade dollars, which have par or equal book value with the local currency, to assign value to transactions that take place between members. The exchange acts as a third party record keeper, similar to a bank, and trade is open and promoted between all exchange members rather than simply direct exchanging between two parties.

The role of a Franchisee is to recruit new members to the trading system and service their needs on a day-to-day basis. Opportunities exist in metropolitan areas of all Australian States and Territories plus the major NZ Cities and Provinces, as well as Master Franchise possibilities throughout South East Asia and other parts of the world.

FRANCHISEE PROFILE

This criteria is not firm but, generally speaking, a potential franchisee might fit the following profile: 

• Most likely age group is 25 to 50, male or female.
• White collar/professional background in industries such as finance, banking or insurance, or similar retail experience.
• Selling ability and experience seen as beneficial but not essential.
• Ability to successfully run and manage a business and people, and converse with business owners by phone and face to face.
• Strong will to succeed, a degree of business maturity coupled with good communication skills.

SUBSIDIES

• Interest free line of credit in Trade dollars of $10,000 to help with business start-up costs and promotion, to be reimbursed from trade dollar income generated by the franchise business.

INVESTMENT IN DOMESTIC FRANCHISES

• The cost to acquire a new BBX local franchise in Australia or New Zealand is currently set at $65,000 (Sixty five thousand dollars) plus appropriate goods and services tax. The intending franchisee is also likely to incur incidental expenses and legal costs in the course of finalising relevant franchise documentation.
  
• Franchisees will recruit their own members (merchants) to the trading system and be responsible for day to day servicing of these clients from day one. They must substantiate their capacity to do this whilst the franchise business is being established, by employing suitable staff to assist them where considered necessary.
  This support is essential if the franchise business is to achieve its target growth in new members, unless sales support is recruited in which case the franchisee can assume the servicing role and leave sales targets for others to achieve. A degree of flexibility is available, as long as the chosen strategy achieves the results expected. 
   
• Business must operate from established premises, not from home, which in the early stages can be a serviced office environment to minimise costs or other suitable business premises where available. Office sharing is only acceptable where the nature of the BBX business can be adequately secured and privacy and confidentiality of customer information protected.

FRANCHISE BENEFITS

• Running a BBX franchise provides flexibility not normally found in salaried jobs.
• Income potential largely unlimited - the franchisee controls the level of activity and degree of effort/return.
• Dual income stream - new member introduction commissions and on-going trading commissions accrue to all franchisees.
• Business system and benefits unique to the barter industry.
• Sophisticated Customer Management System, developed over many years by BBX, a major force within the barter trading industry and the only trade exchange in Australasia to be publicly listed.
• Model can be applied to all industry segments, in both large and small businesses, so target market is basically unrestricted.

ABOUT BBX

• Commenced in 1993 (the industry commenced in Australia in 1989). Acquired a number of industry competitors in recent years.
• Listed on the ASX in August 2005 - the only listed trade exchange in Australasia.
• Employs 60 plus staff from 7 company-owned offices in Australia and New Zealand and also operates a current franchise network of 9 offices.
• Current membership base (businesses/merchants) of over 5,000 businesses in Australia and New Zealand.
• BBX can add 5%-10% to the turnover of a member’s business, creating significant bottom line profit, and providing significant earning potential for the franchisee.
• Trade activity of these member businesses totalled over $180 million in the 2006/7 financial year. This is BBX-generated business, on top of their normal income.
• Recently established master franchise in China (300,000 affiliate members) and soon will commence master franchises in India (2,500 members) and Costa Rica. Other master franchise territories currently under negotiation/consideration.

contact

Franchise Manager
BBX
PHONE: 02 9499 1100
FAX: 02 9499 1199
EMAIL: info@ebbx.com
WEBSITE: www.ebbx.com