Franchising and flex space take flight in 2021.
Office Evolution, the nation’s largest provider of locally owned and operated flexible workspace locations close to home that are safe and affordable, is poised for growth in 2021.
The franchisor currently has over 70 suburban locations across 26 states and is welcoming savvy entrepreneurs to join its expanding ‘Ohana’ – Hawaiian for family, as demand for flexible workspace surges. The brand’s model fills a niche for suburban-based workers looking for a professional environment minutes from where they live.
FITTING INTO YOUR LIFESTYLE
This is a franchise opportunity that easily fits into an entrepreneur’s lifestyle. The coworking location operates during normal business hours, with only one employee, enabling franchisees to achieve work-life balance.
The simple, single employee business runs with 93 per cent recurring income. As a business-to-business service, franchisees are working with professional clients just like themselves. In addition, franchisees never need to worry about food, expiring inventory, or cash. Franchisees also receive back office, lead generation, call center, and billing support.
Office Evolution franchisees have the incredible opportunity to build long-term wealth while operating other businesses, owning other franchises, and in many cases, keeping a corporate career.
Power couple Deon and Debbie Boles of Los Gatos, CA, couldn’t be happier with their decision to become franchisees.
“We loved the coworking model and knew that the demand would be high in an area like ours, which is full of tech companies and entrepreneurs,” says Debbie. “Plus, we believed in the mission statement and what Office Evolution stands for.”
A TIMELY INVESTMENT
With people hesitant to be in large groups in confined spaces, the idea of a flexible work environment close to home is more appealing than ever before.
Deemed an essential service, all Office Evolution locations remained open for members during the stay-at-home orders. With the health and safety of its members and staff in mind, all centers have taken numerous coronavirus precautions and are following CDC guidelines, including social distancing throughout the office, a face-mask policy, and temperature checks. In fact, 10 new locations opened since March 2020, proving the strength and viability of the brand.
“It’s great when you can create a community that allows not only for a great working environment but also a place where members can work together to grow their businesses”
What is truly unique about Office Evolution is its deep commitment to the Ohana, the sharing of best practices, ideas, and solutions to ensure success on a local and brand-wide level. Office Evolution members, known as dreamers, risk-takers, and doers, trust its Ohana will do everything they can to help them succeed.
Franchisees Michael and Kelly Wielgus practice this every day. “It’s great when you can create a community that allows not only for a great working environment but also a place where members can work together to grow their businesses. It’s great to see them refer business to each other,” says the couple.
With the pent-up demand for coworking and entrepreneurs looking for the next big opportunity, franchising and coworking are a perfect match. The office market was way overdue for a change in order to keep pace with the evolving way people are working.
AT A GLANCE
Number of franchised outlets: 140 locations awarded, 72+ open
Location of units: U.S.
Investment range: $374,000 – $1.6m
Minimum required capital: $500,000 (liquid) / $1.00m (net worth)
Contact: Lauren Johnson; email@example.com