The club was formed at a meeting in the Varbergs Folkets Hus on 25 March 1925. The backbone of the new club was a group of men from the Haga district of Varberg who had previously started a football club named Haga Bollklubb.
Over the years several sports have been covered by the club but activities are now centred on football and wrestling. The new organisations Varberg BoIS FC (football) and Varberg BoIS BK (wrestling) work side by side under the "umbrella" of Varberg BoIS.
Since their foundation Varbergs BoIS FC has participated mainly in the middle divisions of the Swedish football league system. The club currently plays in Superettan, which is the second tier of Swedish football. They play their home matches at the Påskbergsvallen in Varberg and are well known for their distinctive green and black striped shirts.
Varbergs BoIS FC are affiliated to the Hallands Fotbollförbund. The club has an active youth section and girls football was introduced in 2008.