At Office Evolution, we are proud to offer excellent transparency around our coworking franchise investment costs. Here’s what you can expect to invest in your first Office Evolution franchise.
- Overall investment: $400,000 – $1 million. This total investment includes construction and remodeling costs, furniture and fixtures, technology and infrastructure investments, and more.
- Initial franchise fee: $49,500. Our initial franchise fee is included in your overall investment of $400,000 – $1 million.
- Liquid capital required: $175,000. Prospective franchisees must be financially capable of absorbing the costs associated with building up their business.
What Our Coworking Franchise Investment Cost Gets You
With more than 140 locations awarded and more than 75 in operation, we know a thing or two about how to start up a coworking franchise.
Our office space franchise costs grant you access to our years of experience and so much more.
- A time-tested and proven business model: One of the primary benefits of investing in a coworking franchise instead of starting your own business from scratch is that we’ve taken a lot of the guesswork out of the entire process.
- Established brand awareness: We have worked tirelessly since 2005 to generate reputable brand awareness that helps us stand out from the competition.
- An existing customer base: Our clients know they can come to an Office Evolution location to access convenient office space solutions.
- Expert training and support: We provide our franchise owners with all the necessary training and support to help them succeed in the coworking space industry.
These are just a few of the perks you will receive when you partner with Office Evolution in your new coworking space endeavor.
Why You Should Consider Owning an Office Space Franchise with Office Evolution
There has never been a better time to consider investing in a coworking space. The industry is experiencing massive annual growth, and the global coworking space market has grown from $13.6 billion in 2021 to $16.17 billion in 2022 at a compound annual growth rate (CAGR) of 18.9%.
Coworking space franchises offer great opportunities for entrepreneurs looking to invest in a growing sector with significant potential. With the right resources and guidance, savvy business owners can take advantage of this opportunity to launch successful operations and reap the rewards of this booming industry.
At Office Evolution, our goal is to provide our members with flexible coworking solutions that work for them while franchise owners are able to build their wealth. Here are some of the advantages of partnering with us.
- Recurring revenue: Our subscription-based revenue model means that over 93% of your income is recurring.
- B2B clients: Your clients will be like-minded business professionals who understand the ins and outs of conducting business.
- Recession-resistance: Coworking spaces like Office Evolution are deemed an essential service, as people still need a place to work in times of recession.
- Semi-absentee model: With low employee requirements, you’ll only need to hire one salaried employee for your Office Evolution location.
Are you interested in joining the Office Evolution family? Contact us today to take advantage of our franchise opportunity!