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BBX
 
BBX India
OTHER FRANCHISEES
 
 
 
Business Information / Summary
BBX facilitates the cashless trading of goods and services using 'downtime' and 'excess inventory' as a secondary currency, adding a real-time tangible value to these two often undervalued commodities in every business. BBX is a credit and debit card system (similar to other card systems) that enables businesses to access a variety of goods and services in a less competitive market place offering a range of financial benefits not usually found in traditional markets or offered by other card payment systems. Founded in 1993, BBX currently services about 6,000 member businesses in Australia and New Zealand, representing over 8,000 individual cardholders. BBX has now sold master franchises to India, Costa Rica and China and has numerous applications pending for further franchises worldwide. Using a currency known as BBX trade dollars, BBX allows member businesses to increase sales, create cost savings and improve the general financial performance of their business by taking advantage of spare or under-utilised capacities that exist, all of which go straight to the bottom line. BBX is continually seeking to expand by franchising, acquisition and the opening of suburban and regional company branch offices and since its initial public offering in 2005 has provided the financial support for implementation of the Company's expansion program in these areas with the aim of significantly increasing membership. BBX is the first barter exchange manager to list on the Australian Stock Exchange (ASX) and one of only a handful of publicly listed barter companies in the world. BBX is also listed on the NSX with its groundbreaking Property Investment Fund. BBX is a member of the Franchise Council of Australia, Franchise Council of New Zealand, a number of regional Chambers of Commerce and Universal Currency (the industry trade exchange)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 advent of notes & coins, cheques, credit/debit cards, etc. Today, the system of bartering is alive and well and 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 trade exchange uses trade dollars, which have par value with the local currency, to assign value to the transactions that take place between members. The exchange acts as a third party record keeper, similar to a bank, and trade is open between all exchange members rather than simply direct exchanging between two parties. The role of the Franchise 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.
 
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