Join the Bank of Queensland Franchise Family | BOQ Franchise Opportunity

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Bank of Queensland Limited

ABN :

32009656740
SHORTLIST THIS FRANCHISE

Join the Bank of Queensland (BOQ) family and become an essential part of a business that has been serving Australian communities for 147 years! As one of Australia's leading regional banks, BOQ is now looking for passionate and community-oriented individuals to become Owner Managers and run their own BOQ branches.

BOQ offers a unique franchise opportunity that enables you to start your own business, but with the support of a well-established and respected brand. As an Owner Manager, you will be responsible for running your branch, building relationships within the local community, managing and training staff, and making decisions that will grow your business.

The best part of this franchise opportunity is that you will not be on your own. BOQ will provide you with extensive training and support, not only for the initial setup of your business but throughout your time as an Owner Manager. You will receive ongoing support from BOQ's specialist teams, including Finance, Transformation, Operations, Legal, and People & Culture. And as BOQ is committed to continuous improvement, they will ensure you have access to the latest technology, training, and resources to help you succeed.

BOQ has a long and established history of supporting the communities in which it operates, and Owner Managers play a crucial role in this. By joining BOQ, you will become an essential part of the BOQ team and have the opportunity to make a positive impact on the lives of people in your local community.

With 163 branches across Australia, BOQ provides excellent franchise opportunities in various locations. The majority of BOQ's branches are operated by Owner Managers, demonstrating the success of this unique franchise opportunity.

However, running your own business requires investment, and BOQ understands the importance of a fair and affordable investment structure. BOQ's franchise fee and ongoing payments structure are designed to provide a fair return on investment while allowing you to build your business and make it profitable. BOQ offers various investment options, ranging from $10,000 to $1,500,000, so there is an option for every entrepreneurial dream.

As an Owner Manager, you will be able to offer a wide range of BOQ products and services to your customers, including transaction accounts, savings, and term deposits, online banking, Visa debit cards, credit cards, home loans, personal and car loans, insurance, travel, investing, and superannuation. BOQ's owner-managed branches pride themselves on delivering exceptional customer service, and this is a crucial aspect of the BOQ brand.

In addition, BOQ has several other brands operating within its Group, including BOQ Business, BOQ Specialist, BOQ Finance, Virgin Money Australia (VMA), and ME Bank. BOQ is continually expanding its business, and its latest acquisition of Members Equity Bank Limited (ME Bank) has further diversified BOQ's offerings, showcasing its commitment to remaining an industry leader.

So, if you are passionate about building relationships within your local community, have an entrepreneurial spirit, and are interested in running your own business but with the support of a well-established and respected brand, then the BOQ franchise opportunity may be the perfect fit for you.

Why not become an essential part of a business with a long and established history of serving Australian communities and join the BOQ family today? With extensive training and support, fair and affordable investment options, and the opportunity to make a positive impact on people's lives, there is never a better time to enquire about the BOQ franchise opportunity.

Industry Division

FINANCIAL AND INSURANCE SERVICES

Industry Sub-Division

Finance

Address of the franchisor’s registered office

Level 6 100 Skyring Terrace Newstead QLD 4006

Address of the Principal business office

Level 6 100 Skyring Terrace Newstead QLD 4006

Where the franchise currently operates

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Where the franchise is planning to expand

Not provided

Last month of franchisor’s financial year

Not Provided

Year in which the last financial year ends

Not Provided

Years In Operation(Years)

19

Supplier Restriction

Yes

Franchisor Can Change Agreement

Yes

What is the standard term of franchise agreements

5 or more years

Are franchisees entitled to compensation for goodwill in the business

Any entitlement to compensation for goodwill in the business will depend on the specific circumstances of the expiry or termination.

Are franchisees subject to a restraint of trade (or similar) clause

Yes

Franchising Agreement URL

Not provided

Option For Renewal

No

Public Email

[email protected]

Public Phone Number

1300 557 272

Website URL

https://www.boq.com.au/

Youtube Link

Not Provided

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Key Facts Sheet Url

Not provided

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Minimum Investment

$800000

Maximum Investment

$1450000

Minimum Ongoing Payments

$70000

Maximum Ongoing Payments

$750000

Minimum Other Payments

$1000000

Maximum Other Payments

$10000000

Total Owner Franchisors

125

Total Co-orporate Franchises

22

Disclosure Url :

Not provided

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What are 3 reasons someone should invest in a Bank of Queensland Limited franchise?

1. You'll be part of a respected brand with a long history of serving Australian communities. Boasting 147 years of experience, Bank of Queensland is an established and respected brand that has evolved from a Queensland-focused retail branch-based bank to a national diversified financial services business. By joining BOQ, you'll become an essential part of a business that has a strong commitment to supporting the communities in which it operates.

2. You'll receive extensive training and ongoing support to help you succeed. As an Owner Manager with BOQ, you won't be on your own. BOQ provides extensive training and support not just for the initial setup of your business, but throughout your time as an Owner Manager. You'll receive ongoing support from BOQ's specialist teams, including Finance, Transformation, Operations, Legal, and People & Culture. And as BOQ is committed to continuous improvement, you'll have access to the latest technology, training, and resources to help you succeed.

3. You'll have a fair and affordable investment structure. BOQ understands that running your own business requires investment, which is why they offer a fair and affordable investment structure designed to provide a fair return on investment while allowing you to build your business and make it profitable. BOQ offers various investment options, ranging from $10,000 to $1,500,000, so there is an option for every entrepreneurial dream. Plus, as an Owner Manager, you'll be able to offer a wide range of BOQ products and services to your customers, including transaction accounts, savings and term deposits, online banking, Visa debit cards, credit cards, home loans, personal and car loans, insurance, travel, investing, and superannuation.

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