A group of six franchise owners of Venture X and Office Evolution inked a milestone agreement to acquire eight Office Evolution locations in Denver, including Boulder, Broomfield (Interlocken), Downtown Denver, Golden, DTC Greenwood Village, Lone Tree (Park Meadows), South Hover Longmont and Louisville.
The deal marked the formation of a cross-branded local franchise group that now boasts a portfolio of 12 locations, three Venture X and nine Office Evolution, which span across all directions of the Denver metro area.
The local group is comprised of Channen Smith, Jason Vandagriff, Jesse Keaveny, Kim Corniel, and Melanie Williams, who own Venture X franchise locations in LoDo at Dairy Block, Five Points and Greenwood Village. Franchisee Diane Mapes owns an Office Evolution location at Denver Metro North/Northglenn.
Channen, the majority partner of the local group, says: “When we were approached with the opportunity to acquire Office Evolution’s eight locations in Denver, all of us decided to join forces and partner up. We are a group of like-minded individuals, each with our own strengths, coming together to provide coworking solutions to the Denver metro area.
“With our locations offering private and shared options, high-tech meeting rooms, virtual office capabilities, event space, best-in-class amenities, and more, there’s no solution in town like what we’re offering.”
Venture X and Office Evolution are part of CoWorks, the world’s largest coworking franchise network and a division of United Franchise Group (UFG). CoWorks is committed to building and connecting consumer-focused brands to help meet the rapidly growing worldwide demand for flexible office space.
The company has adopted a hub-and-spoke development strategy, zeroing in on major metropolitan markets and leveraging the unique qualities of Venture X and Office Evolution to strategically plant locations in areas with high demand. The cross-brand agreement in Denver signifies the synergies between both concepts and is a testament to how both can complement each other in any market.
“Venture X and Office Evolution have flexible options that complement each other, so it makes sense to collaborate in finding solutions for members,” comments Michael White, president of Venture X.
Jason Anderson, president of Office Evolution and CoWorks, adds: “From large companies looking for flexible options to start-up entrepreneurs needing agile and creative workspaces and for independent, industrious professionals seeking support and an experienced business network, together, we have more to offer.”
Demand for flexible workspaces has skyrocketed in recent years as more individuals and companies adopt hybrid work schedules. Like many major metropolitan areas around the globe, thousands of square feet of office space remain available in Denver, not only reinforcing the shift from traditional office spaces but also the opportunity for flexible workspaces to grow.
Venture X and Office Evolution offer a variety of flexible office solutions – from virtual offices that provide secure and professional business addresses to private offices and meeting rooms, as well as hospitality-centered amenities that cater to a diverse member base.
Ray Titus, CEO of UFG, says: “We are pleased that Channen, Diane and their partners saw the tremendous advantage of having a cross-branded presence in Denver and are maximizing the strategy we have developed in our CoWorks division. They are an exceptionally talented group of people who have a deep understanding of the Denver market and will undoubtedly help countless members of the local business community thrive and succeed.”