GIA Group - import export agents portal Global Importex Agency
About Bifranchise Buyers Sellers Products Members Area Blog News Contact Us
 

Questions & Answers About The Bifranchisee

FAQ ABOUT THE BIFRANCHISEE
How can I become a Bifranchisee?
Are there any limitations as to what business can become a GIA Trading Group Bifranchisee?
If my country already has a BiFranchisee, can I also purchase a Bifranchise license?
What are the requirements to become a Bifranchisee?
Can a Bifranchisee be appointed to more than one country?
Can there be more than one Bifranchisee per country?
How big can the Bifranchisee’s territory be?
How can one Bifranchisee handle the workload in large countries?
When will the Bifranchisee sign the contract with the Bifranchisor?
How long is a Bifranchise license valid for?
How much will the Bifranchisee license cost?
Will the cost of the Bifranchisee licence change in the future?
When will the Bifranchisee pay for the license?
Is Bifranchise license fee refundable?
Can the Bifranchisor finance Bifranchise license?
Once purchased, can the Bifranchise license be resold or leased out?
Do I have to establish a new business to operate Bifranchise or can I use my existing business?
What working capital should the Bifranchisee have?
What is the expected Bifranchisee’s yearly income?
What products will the Bifranchisee offer?
Can Bifranchisee work only with limited categories of products?
Can Bifranchisee handle commodities?
When will the Bifranchisee place an order?
What goods or services will the Bifranchisee are required to buy from the Bifranchisor?
When exporting a product what percentage can the Bifranchisee add to the cost price?
How much profit (percentage) will the Bifranchisee make when exporting?
When importing what (percentage) can the Bifranchisee add to the selling price?
What is the expected annual turnover per country?
Can Bifranchisee distribute and/or wholesale any or all of the products he will import?
Who will pay for marketing in Bifranchisee’s territory?
Can Bifranchisee get involved in services related to International trade?
Can Bifranchisee outsource any of the services offered by the Bifranchise Network?
Can Bifranchisee offer services related to transactions he is involved in?

FAQ ABOUT THE BIFRANCHISEE

How can I become a Bifranchisee?
There are several application forms that will be sent to you upon request

Are there any limitations as to what business can become a GIA Trading Group Bifranchisee?
Generally, there are no limitations; however, each case is reviewed separately

If my country already has a Bifranchisee, can I also purchase a Bifranchise license?
Existing Bifranchisee (in your country) may either issue you a sub-license or integrate your business into his network

What are the requirements to become a Bifranchisee?
In general, the following is required: knowledge of international trade, excellent business development skills, ability to place imported products in your market and source manufactured goods and commodities from your country or territory, ownership rights or financial means to lease or purchase a warehouse with adequate space for offloading and storage of at least four 20-40 feet containers, working capital and or access to banking facilities, etc

Can a Bifranchisee be appointed to more than one country?
Bifranchisee can be appointed only in one country, the country of residence

Can there be more than one Bifranchisee per country?
Depending of the size of the country there can be one or more Bifranchisees per country and there can also be Bifranchisees holding exclusive one or more categories of products per country or territory. Bifranchisees will also be permitted to issue sub-licenses or establish partnerships under their management

How big can the Bifranchisee’s territory be?
Bifranchisees can have exclusive license for the whole country he’s permanently residing in or a part of the country or even represent a number of product categories 

How can one Bifranchisee handle the workload in large countries?
Bifranchisees can establish branches, partnerships, enter into JV agreements, or issue sub-licenses. Bifranchisees that have full control of the country’s operations but all external transactions from his country will happen between the Bifranchisee and Bifranchisor

When will the Bifranchisee sign the contract with the Bifranchisor?
Once potential Bifranchisee has complied with the licence-granting requirements and agreed to all terms and conditions of the Bifranchise Agreement

How long is a Bifranchise license valid for?
Bifranchise license is valid for ten years with a possibility of extension. Options are available for a trial period under special conditions as negotiated on a country-by-country basis

How much will the Bifranchisee license cost?
This information will be disclosed to the approved Bifranchisees only

Will the cost of the Bifranchisee licence change in the future?
Yes, license purchased in the year 2010 will cost more and there will be yearly increases after that, reflecting the increased value of the network

When will the Bifranchisee pay for the license?
Bifranchisee will pay for the Bifranchise License upon entering into the ten year license agreement with the Bifranchisor

Is Bifranchise license fee refundable?
Bifranchise license fee is non-refundable

Can the Bifranchisor finance Bifranchise license?
Bifranchisor can allow qualified applicants to pay part of the fee upon signing the agreement with the remainder payable in instalments

Once purchased, can the Bifranchise license be resold or leased out?
Yes, provided it does not violate the terms of the Bifranchise License Agreement and Bifranchisor has approved the replacement Bifranchisee

Do I have to establish a new business to operate Bifranchise or can I use my existing business?
You can either establish a new business entity or operate your existing business; however, in both cases Bifranchisee will be required to operate under the GIA Trading Group (COUNTRY) name

What working capital should the Bifranchisee have?
Bifranchisee must be able to run his business and purchase goods (from the Bifranchise network) that have been requested by the Bifranchisee’s customers in his home country

What is the expected Bifranchisee’s yearly income?
Bifranchisor expects the average gross income in the first full year of operations for a country exclusive Bifranchisee operating in a small developed country or medium developing country to be between €2,500,000 and €3,500,000.
For medium developed countries and large developing countries for the first year to be between €5,000,000 and €7,000,000.
For large developed economies, the earnings should reach €10,000,000 to €15,000,000 in the first year of operation. We estimate the increase to double every year for the next 2-3 years.
Earnings will very according to the number of categories the Bifranchisee has selected to work with and the size of the territory the Bifranchisee has selected to operate in

What products will the Bifranchisee offer?
Bifranchisee will offer all manufactured goods and commodities that will be requested by buyers through the GIA Trading Group Bifranchise Network. The Bifranchisee may select to work with a limited number of categories of products and commodities.
Another Bifranchisee may be appointed in the same country to work with product categories not selected by the first Bifranchisee

Can Bifranchisee work only with limited categories of products?
The Bifranchisee can select to work with a number of categories of manufactured goods and commodities. Any prudent business person will limit neither his revenue streams nor his earnings. For as long as there are buyers available to place orders for purchasing manufactured goods or commodities.

Can Bifranchisee handle commodities?
Bifranchisee can select to work with all, any or none of the commodities 

When will the Bifranchisee place an order?
Bifranchisee can place an order at any time provided he has adequate funds to cover the order and either wants to stock the goods or has secured an order from his buyer

What goods or services will the Bifranchisee are required to buy from the Bifranchisor? Bifranchisee will purchase all goods and services (requested by his buyers) from the Bifranchise network

When exporting a product what percentage can the Bifranchisee add to the cost price? When exporting, the Bifranchisee will not add any percentage on top of the cost price

How much profit (percentage) will the Bifranchisee make when exporting?
This information will be disclosed to the approved Bifranchisee only. Bifranchisee will earn % of the profits earned from each transaction

When importing what (percentage) can the Bifranchisee add to the selling price?
In general, Bifranchisee will earn higher % of the profit when importing goods than when he is exporting. The percentage of profit will depend on the purchased price and the market conditions in his territory

What is the expected annual turnover per country?
A country exclusive Bifranchisee for small developed countries we expect the turnover to reach at least €50,000,000 per annum. For non exclusive Bifranchisee the earnings will depend on the size of the exclusive territory or the number of exclusive categories they will work with.  

Can Bifranchisee distribute and/or wholesale any or all of the products he will import?
Yes, provided distribution or wholesale business is done under the Bifranchise License and GIA Trading Group (COUNTRY) name

Who will pay for marketing in Bifranchisee’s territory?
Bifranchisee will pay for marketing in his territory

Can Bifranchisee get involved in services related to International trade?
Bifranchisee can perform services like shipping, customs clearance, insurance, etc. providing the service is charged at a cost price only when dealing with the Bifranchisor

Can Bifranchisee outsource any of the services offered by the Bifranchise Network?
Bifranchisee must offer or outsource all services requested by the network and its clients. These services may be translations from and to the local language, product localisation, product placement, consulting, etc.

Can Bifranchisee offer services related to transactions he is involved in?
Bifranchisees can perform any and all services related to a transaction they are involved provided they will charge at cost prices only when dealing with the Bifranchisor





GIA Trading Group All rights reserved. Site Map