Hottest New Franchises
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| Tradebank International Tradebank International is one of the world’s largest barter exchanges with offices in more than 70 cities across the United States, Canada and East Central Europe. Since 1987, Tradebank has completed over two million barter transactions, each helping clients conserve cash and make their businesses more profitable. Tradebank provides a revolutionary barter tool for businesses everywhere. Now all companies, large and small, can leverage the power and simplicity of barter without having to search for direct trade relationships. With Tradebank’s Cashless Commerce™, businesses can benefit from an extensive global network where products and services are traded 24/7. A Tradebank franchise is a chance to own a business and be part of
one of the fastest growing, most dynamic industries in the world - the barter
industry. Franchisees are on the cutting edge and part of a company that is
using the Internet and state-of-the-art proprietary technology to revolutionize
a multi-billion dollar industry.
Investment
Required
The fee for a Tradebank franchise is $30,000 for a territory with
up to 500,000 in population. If you choose a territory consisting of more
than 500,000 in population, you must pay an additional $5,000 for each 500,000
additional population. Tradebank provides the following range of investments required to
open your initial franchise. The range assumes that all items are paid for in
cash. To the extent that you choose to finance any of these expense items, your
front-end investment could be substantially reduced. Tradebank provides
financing for the initial franchise fee for qualifying franchisees.
On-going
Expenses
Tradebank franchisees pay a brokerage fee ranging from 10-14% of
client services, a new client retainer fee equal to $495 per client, a client’s
second account fee equal to $100 per client and a quarterly accounting fee
equal to $29.95 per client. The brokerage fee, new client retainer fee
and quarterly accounting fee are paid as received from client
and are subject to partial refunds. What You Get—Training
and Support Tradebank provides two distinct training programs which together
encompass the operation of the franchise business. The first is a five-day multi-faceted
training program that takes place at Tradebank’s corporate office. After
completing the initial sales training program at the corporate office,
Tradebank provides an additional five days of training and sales assistance at
the franchisee’s designated territory.
The second program consists of three days of training on brokerage and
operational concepts for the franchisee and their broker. Franchisees are also provided
with additional support by attending seminars and
training programs conducted by Tradebank. Franchisees receive further assistance through telephone
consultation during regular business hours, monthly newsletters for clients,
accounting and electronic filing support and 24/7 access to Tradebank’s
Automated Authorization System and Online Transaction service. Franchisees also
have access to the creative, local and regional advertising materials developed
by Tradebank for publication or distribution in their market areas. Territory
Tradebank grants exclusive territories delineated by county and
containing 100,000 to 500,000
+ in population. |