The Coopers Bbq Australia team has been hard at work in Australia, as well as a new Australian-based co-op bank to open later this year.
The co-operative, which was set up by co-founder David Cooper and partner and son-in-law, Rob Coopers, aims to be Australia’s first and largest cooperative bank.
The Coopers have been trying to get in the game with some big ideas, including a partnership with one of the biggest mining companies in Australia and the possibility of a co-operatively-owned bank with the company that owns the BHP Billiton uranium mine.
But their biggest challenge has been finding a way to scale the operation to meet the demand from customers and the business.
“The key thing is to have a coop in Australia that’s very large and that’s well-run,” Coopers said.
The bank’s co-owner and co-CEO, Rob Cooper, said the bank was looking to be one of Australia’s largest co-ops.
“We’re really in a bit of a period of transition at this point in time, we haven’t opened yet, we’re not opening any more,” he said.
“Cooperativas is looking at a cooperative bank.
We think it’s a good model for the co-working space in Australia.”
The bank will have a total of 1,500 members in the first year, with another 1,000 in the second year and a further 1,800 in the third year.
Cooper said it was looking at setting up in Sydney and Perth and possibly in Brisbane and Melbourne.
“This is a really big business,” he told ABC Radio’s The Project.
“I think the future is really bright and it is a huge opportunity for us to grow.”
Cooper hopes the bank will attract more members to the cooperative.
“It’s going to be a really exciting time for us,” he says.
“Our bank is the largest cooperative in the world.”
Coopers has been working hard to get its banking model up and running, and it has been one of its biggest challenges to reach that target.
“A lot of people are really disappointed with what’s happened with the banks, with the copping banks,” Cooper said.
He said that despite the coop being successful in the bank, the cooperativism model wasn’t always successful.
“There were some people who were really disappointed and disappointed that we didn’t get to the point where we could actually get into that business,” Cooper told the ABC.
Copper said he hopes to create a bank that is both a good value proposition and a sustainable model for a sustainable business.”
But it wasn’t until the last few years that we’ve actually made some progress with it.”
Copper said he hopes to create a bank that is both a good value proposition and a sustainable model for a sustainable business.
The Bank of Australia will take over as the Australian co-owned cooperative bank by the end of 2018.
Coopers co-operated with the Coopers family for more than 100 years, but the family decided to stop their co-operation and take over in the mid-1980s.
Coppers son, Rob, said his father was a huge supporter of the cooperative banking model, but was disappointed with its financial model.
“He always had this big vision about what the cooperative model should be, but he didn’t really get into it,” Rob Cooper said of his father.
“As a business he wanted it to be very good, he wanted to make a lot of money, but at the same time he didn, at the end, feel that the cooperative model was not going to work for Australia.”
Cooperative banking has been around for more then 50 years and Cooper said the idea of co-existing with a bank was “really, really exciting”.
Cooper and Rob said they were not opposed to co-ownership in Australia or to cooperatives as a whole.
“You’re not going get to this point and we’re going to take the steps to get it here as quickly as possible,” Cooper says.