The costs start with a $45,000 initial franchise fee, plus additional charges for training, development, royalties and more. Then, there is the big-ticket item of the actual building fee, plus the cost of inventory, equipment, signs and décor. Applying for a Franchise
Full Answer
What is a BOQ bank?
What is the chance to buy into an established business?
Is Bank of Queensland a regional bank?
About this website
BOQ BRISBANE QLD | 6408 - Business Sold
Location City: South Brisbane State: Queensland Category Restaurant/Food Service Franchise for Sale Retail Store. Weekly RevenueN/A Monthly RevenueN/A Annual Revenue$0. Contact PersonMick Craig Price $ 500,000 Year EstablishedN/A. Phone(07) 3333 2434 Cashflow$0 EmployeesN/A
Bank of Queensland
Bank of Queensland
The Bank That Has Cared From the Beginning
For over a century, the Bank of Queensland has developed its products for the people and businesses of its community and helped them achieve their financial dreams, growing its community in the process.
Tailored Financial Services for All
The Bank of Queensland understands that its clients don’t want to bombarded with a lot of complicated financial products, so it has crafted simple, easily understood products that the layman can understand and appreciate.
Grow A Secure Financial Future
When you join the Bank of Queensland banking franchise, you and your business are supported and enhanced in many ways. If you come from a banking background, you can leverage your banking skills, knowledge and networks and use the business as a platform to fly from.
Key Facts
Tel: 1300 55 72 72 Email: [email protected] Website: www.boq.com.au/ Initial Capital Investment: Available Upon Request Franchising Fees: Available Upon Request Royalties: Available Upon Request Marketing/A&P Fees: Available Upon Request
What is a BOQ fee?
A fee changed for each transfer order payment deducted from your account and paid to a BOQ account. This fee is charged to your account each time the transfer occurs.
When is the Personal Banking Guide to Fees and Charges 2021?
This addendum dated 1 June 2021, amends and supplements the Personal Banking Guide to Fees and Charges dated February 2021. Unless otherwise noted, terms defined in the Personal Banking Guide to Fees and Charges have the same meaning in this addendum.
What is ATM operator fee?
The ATM Operator Fee is a fee charged by the ATM Operator as disclosed on the ATM screen at a point in the transaction which allows the cardholder to opt-out of the transaction without incurring any charge. The ATM Operator Fee includes Balance Enquiries.
What is a fee charged when you use your card?
The fee is calculated as a percentage of the Australian dollar equivalent of the foreign currency value of the transaction.
How much money do you need to start a franchise?
You’ll need some money in the bank before you can open any new business. Franchise start-up costs will vary widely depending on the industry, size, and location of the new business. According to the British Franchise Association, the average cost of setting up a franchise is £42,200.
Start-up franchise expenses
Before you open your doors, you’ll need to shell out a few basic start-up franchise costs:
Ongoing franchise expenses
Once your franchise business is up and running, you’ll then need to think about the usual costs of running a business. There are also a few franchise-specific costs.
Additional franchise expenses
Additional costs include the money spent to grow your franchise business over time.
Furniture, Fixtures, and Equipment
Again, until you know how big your space is and an architect has done a design layout, you won’t know exactly how many light fixtures, tables and chairs, etc you’ll need in your space. This expense is estimated as a range just like the construction estimate.
Professional Services
Most franchises estimate somewhere between $3,000 to $5,000 that you’ll spend to have an attorney review your franchise agreement or advice you’ll see from other advisors like your accountant. Training
How Much Does it Cost to Build a Bank?
The amount of money needed to do a bank project is dependent upon many factors. One of the most significant determiners is the physical size of the bank and the plot of land that will house it. This, and the other primary factors are outlined in the infographic our team at HTG Architects put together.
How does knowing the cost of designing and building a bank help?
Knowing what all goes into the cost of designing and building a bank will ensure you have a better estimate for the budget of your new branch.
How much does a bank need to have a computer?
Computers, phones and audio systems are a no-brainer for your bank. These costs are anywhere from $50k to $150k. They are necessary for the institution to function properly and you shouldn’t overlook them. Often, these can lead to better efficiency. Some 2020 banking tech trends include:
How big is a bank branch?
The average size for planned freestanding branches in 2013 was reported at 3,040 square feet, compared to 3,500 square feet in 2006. Despite this difference though, not all banks are embracing smaller branches. One in four respondents said they planned for new institutions of 4,000+ square feet.
How many square feet can a bank have on one acre?
A rule of thumb is an 8,000-square-foot building can easily fit on a one-acre site. Not surprisingly though, the size of land purchased for some new branches has decreased. In 2006, Bancography surveyed banks and credit unions across the United States regarding their deployment plans — covering the number, size and cost of branches.
What questions to ask when buying land?
A site survey and soil test include asking questions prevalent to the longevity of your future institution. Some questions to bring forward before finalizing a land purchase are: 1 What site restrictions are there, such as setbacks, easements, state and county road access? 2 Are there any specific environmental issues tied to the plot of land? 3 Is the property zoned for your intended use? 4 Is there an existing survey or soil borings?
How much does it cost to hire a contractor?
Consider the amount of money you will need to hire a contractor for the work done. When it comes to the cost of construction, there is a broad range — $500k to $2.5m. This number can vary significantly due to whether the work is a tenant improvement, remodel, addition, or a new facility. Some of these include:
What is a BOQ bank?
BOQ is one of Australia’s leading regional banks. We’re committed to creating prosperity for our customers, shareholders and people and one way we do this is through our Owner Manager franchised branch model.
What is the chance to buy into an established business?
The chance to buy into an established business: Your journey is likely to begin with an existing customer portfolio, providing you with recurring revenue to reinvest in the growth of your customer base, community and people from Day 1
Is Bank of Queensland a regional bank?
Find out why Bank of Queensland is one of Australia's leading regional banks. It's possible to love a bank.
