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Commitment and rewards

Commitment and rewards

To become a Quest Franchisee you must be prepared to make a significant investment and commitment to the business, both personally and financially.

And whilst a typical Quest Franchisee achieves an operating profit margin of between 12.5% - 20%1 per cent of turnover, the rewards in terms of professional satisfaction and lifestyle are also significant.

However, overall success depends on many factors, including your ability and commitment to the business.

The following information will assist you in evaluating the resources required to take the next step.

Talk to a Quest consultant by calling 1800 334 033 or

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Initial costs*

Application fee $1,000.00 plus GST per application.
This application fee forms part of the approval process
Initial franchise fee $35,000 plus GST
This covers start up training costs provided by Quest. (Travel and Accommodation not included)
Stamp duty May be payable on the documentation. Stamp duty laws vary from State to State so you are encouraged to obtain independent legal advice.
Total franchise business cost $750,000 upwards
The cost of a Quest Franchise is calculated based on several factors including number of apartments, tenure, location and existing conditions. Quest is accredited with a number of major Australian Banks who have provided funding of up to 70% of the value of the business2.

Establishment costs*

Prepaid expenses Between $30,000 to $150,000 plus GST (indicative costs)
These costs contribute to the purchase of the existing prepaid expenses of the business
Additional funds including working capital To qualify for a Quest Franchise, you must have available working capital available to you, the amount of which will vary depending on size, maturity of business and other factors.

Ongoing fees

Gross sales fee 8% of Gross Sales plus GST (payable monthly in arrears)
Brand fee 1% of Gross Sales plus GST (payable monthly in arrears)

* Initial costs and establishment costs may vary depending on a number of factors.

1 For the year ended June 30, 2011, based on returns provided by 70% of mature businesses. This is an illustrative figure and not a prediction of future performance of any franchisee’s particular business.

2 Funding levels provided by banks may vary depending on a number of factors, including the circumstances of the individual Applicant/s.
Quest requires compliance to its maximum franchise gearing policy of 60% for Greenfield Sites and 70% for Existing Sites.

Note: The information provided in this brochure is current as at January 2013. Quest reserves its rights to vary any of the conditions or terms contained herein.

Learn more about being a Quest Franchisee

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