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Coworking Multi-Unit Franchise Investment Opportunities
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Owning multiple franchises is one of the fastest ways to build a business network. Whether you’re looking to be an area developer for Office Evolution or adding to your existing portfolio of companies (as a multi-brand, multi-unit franchisee, or area developer), Office Evolution is the perfect opportunity to consider. We’ve listed a few reasons below.
Contact us to find out more about multi-unit franchises today.
Each Office Evolution business center has been classified as an “essential service.” During times of turmoil, our business centers stay open and maintain our 93% recurring revenue business model.
A multi-unit franchise opportunity with a lot of advantages
Our success is largely due in part to our overall strategy, which includes:
- Virtually no commute – Our members live and work in the same community as our centers.
- Practically touchless entry – We’re on the first or second floor, typically with stair access.
- Stability – During challenging times, large companies often divest a portion of long-term leases, and the solopreneur market grows, making coworking increasingly relevant.
This means you can enjoy a very stable income stream, regardless of the economic conditions.
The coworking category is on fire!
It is a high-growth category that represents 1.6% of commercial real estate and is projected to grow to 30% by 2030. The growth of the solopreneur plus the right-sizing of corporate office space has helped to fuel category growth. According to JLL, “No segment of the market has demonstrated more overall growth than the coworking industry. Given the massive amounts of venture capital that are being poured into the sector, this aggressive growth rate shows no signs of slowing. That’s why we expect flexible space to remain one of the office market’s primary growth catalysts for quite some time.”
- The US has 80+ million square feet of flexible workspace, making it the global leader in coworking real estate. (Coworking Resources)
- There are approximately 35,000+ flexible workspaces in the world, representing 521 million square feet (Allwork)
- Coworking reduces loneliness and makes workers happier. (Small Business Labs)
A unique niche within the coworking category
Driven by the need to align workspace with business and workstyle needs, the coworking category continues to experience tremendous growth. As the category expands, we have carved out a significant and unique niche that our members value. Proudly, we are the largest network of locally owned and operated coworking locations in the nation. Here are some highlights of our key points of differentiation.
- Located in suburban markets.
- Business-minded clientele
- Smaller footprints
- Our Ohana culture
- Space layout and design
Join the #1 Fastest-Growing Multi-Unit Franchise in the Coworking Space!
Unique Category Niche
No company occupies this space: Suburban, locally owned national network of coworking spaces.
$1B+ Meeting Room Segment
Own an Office Evolution franchise and tap into this growing and profitable market.
Business-savvy investors can reap the rewards of owning multiple locations.
$1B+ Virtual Office Segment
The rapid growth of solopreneurs is fueling this $1 billion per year category.
Growth of Solopreneur
The growth of the solopreneur plus the right-sizing of corporate office space has fueled category growth.
Coworking represents 1.6% of commercial real estate and is projected to grow to 30% by 2030.
Recession-Resistant, Essential Service, 93% Recurring Revenue Franchise Opportunity
- Recurring revenue: Subscription-based revenue model, 93%+ income is recurring.
- Lifestyle working hours: Monday to Friday, 8 a.m. to 5 p.m.
- Suburban model: Members and franchisees live and work in the same community, close to home.
- B2B: You’ll have professional clients, just like you.
- Semi-absentee/one employee: You hire one salaried, professional employee. That’s it.
- No food: No need to worry about food, expiring inventory or cash.
Interested in Owning an Office Evolution Franchise?
Check out our brochure for an overview of our product offering with 93% recurring revenue.
Frequently Asked Questions
Starting a coworking space franchise with Office Evolution is a great opportunity. We know there is a lot to consider when looking at investments, so we’ve compiled a list of frequently asked questions below.
What is a multi-unit franchisee?
A multi-unit franchisee is someone who has purchased the rights to own and operate a number of franchises of the same brand within a territory. For those who can afford to do so, there are advantages to scaling up.
One location in a stronger market, for example, can offset mediocre returns from another. Multiple locations mean you may be in a stronger position to weather economic downturns. A single marketing program can benefit all your locations, employees can rotate between locations, and there are likely to be cost savings when you purchase equipment or supplies in bulk.
A successful multi-unit franchisee is a professional with a solid income history who is comfortable developing a business and managing both people and finances. Unlike the single unit owner who spends a lot of time in one location, the multi-unit building owner hires managers for each location, visiting each while keeping an eye on the big picture. Of course, franchise organizations like owners to scale up since they’ve proven themselves successful and know the brand, and they’ve already made connections within their local markets.
How much does a franchise owner make?
There are a lot of factors that go into answering this question, such as the location and number of members, whether the franchise is new or an acquisition, etc. But we know it’s a vital question for potential franchisees, and OE has worked hard to make both costs and profits as transparent as possible. Start by looking at Article 19 in your Franchise Disclosure Document (FDD). (Item 19 is a financial performance representation, and it must comply with the federal franchise rule and state rules. However, it is optional, and you might notice that some other franchisors choose to leave this section blank.)
Item 19 is where you’ll find actual numbers (like revenue-to-rent ratio, set-up fees, royalties, etc.) provided by all franchise locations. Spend some quality time with Item 19 because it’s going to give you a good idea of what you can expect to make, both in the first 12 months of your franchise and then down the road as your franchise ramps up. For those interested in owning an Office Evolution location, we’ll walk you through Item 19 and explain how it is put together so you can project your earnings given the size, location, and membership of your operation.
Of course, we urge all new franchisees to sit down with existing franchisees to learn about their experiences, their challenges, and what works for them.
In what markets do you offer franchise opportunities?
We offer franchise opportunities all across the nation. An Office Evolution franchise is perfect for any suburban market where consultants, attorneys, accountants, architects, graphic designers, technology providers, professional services firms, and more live and work! Let us know where you would like to open a location. We’ll let you know if the territory is available and whether we think it’s a good fit.
Why should I consider a coworking franchise?
Coworking is a booming category. According to a JLL report, coworking/flexible workspace currently represents 1.7% of all commercial real estate. The category is expected to grow to 30% by 2030! This growth is being driven by an increase in the solopreneur and small business growth, as well as an increased appetite from enterprises to put part of their property portfolio in flexible coworking space. Office Evolution Franchise Specialists are equipped and trained to provide you with insights into the coworking category and why Office Evolution is a great choice for a coworking franchise.
What differentiates Office Evolution? How is the business model different from competitors?
The Office Evolution business model is perfect for any franchise owner who wants recurring revenue, the ability to work and live in the same area, a life outside of the office (you’ll work Monday to Friday 8 a.m. – 5 p.m.), and to be around like-minded, professional business people. The OE business model is set up specifically for franchise business owners who don’t want to work with hourly employees, food, cash, or expiring inventory! If the OE business model sounds like it’s right for you, let’s connect and discuss further.