Coworking franchises have become a regular part of life for professionals like freelancers, real estate agents, and lawyers. But how did coworking spaces come about, and what has driven their immense popularity?
Coworking spaces date back to the first ‘hackerspaces’ in Berlin, which came about in 1995. Since then, the coworking space industry has grown immensely. Office Evolution, as usual, was ahead of its time, starting up our coworking space franchise in 2003. Here’s how it all began.
The History of Our Coworking Franchise
Almost 20 years ago, a budding entrepreneur became inspired. Founder Mark Hemmeter identified an emerging commercial real estate market segment and said, “I can make this better.” He set out to build a lifestyle-focused and member-driven flexible workspace that was affordable, closer to home, and inspired — a place where members had the flexibility to work efficiently and enjoy family activities.
So, in 2003, Mark fearlessly launched Office Evolution, offering convenient office space solutions in suburban markets via a unique subscription-based model. Mark hired managers who also came from the coworking industry.
Mark launched Office Evolution to provide today’s dreamers, risk-takers, and doers the space they need to create great things. We’re committed to working together to achieve sustained growth because we’re successful when our members and franchise owners are successful.
Since then, our franchise has seen exponential growth, and thanks to the partnerships we’ve entered, we’re setting our sights on achieving even more. Office Evolution is proud to be a part of United Franchise Group (UFG), The Global Leader for Entrepreneurs. UFG maintains a reputation as a franchising powerhouse with nearly 40 years of experience, propelling our expansion to offer entrepreneurs substantial business opportunities.
As part of UFG, we can collaborate with other successful coworking brands under Coworks. Together, we’re innovating the coworking industry by providing small business owners and entrepreneurs with flexible, modern coworking spaces and a community where they can build lasting connections.
Since Office Evolution’s bold beginnings in 2003, we’ve been perfecting the premier coworking concept, hiring the most experienced and devoted team members, creating and honing our franchise system and program, and instilling an inspiring corporate culture into every nook and cranny of our expanding network.
What Makes an Office Evolution Franchise Unique
Our turnkey business model is designed with the success of our franchise owners in mind. The franchise opportunity with Office Evolution is unmatched and benefits our franchisees exceptionally.
Our business model supports the production of recurring revenue since our memberships are based on a subscription model. This means that over 93% of franchisee revenue is recurring. Our industry is also recession-resistant because people will always need a place to work, no matter the economic climate. Additionally, we rely on a semi-absentee model, which means you’ll only need to hire one salaried employee for your Office Evolution location.
Our goal is to provide our members with flexible coworking solutions that work for them while franchise owners can build their wealth.
Our Franchising Options
As a leader in the coworking space market, Office Evolution offers an exciting office franchise opportunity for landlords, property managers, building owners, new investors to the market, and even multi-unit investors looking to tap into this lucrative market. We’ll help you grow your wealth, whether investing in your first business or a multi-unit portfolio.
Here at Office Evolution, we have three options to offer for your franchise investment:
- Landlord: Enhance your existing property by providing additional amenity space for residents or guests.
- Conversions: Convert your existing coworking space into an Office Evolution franchise and leverage our well-established brand name.
- Single-Unit and Multi-Unit Investors: Invest in a new business venture with an Office Evolution coworking franchise to expand your investment portfolio.
The franchise team at Office Evolution takes great pride in creating rich office space development opportunities. Our team is dedicated to working with you from the moment you reach out to the moment you sign on as an Office Evolution franchisee.
Are you ready to join the Office Evolution family? Contact us today to get started.