Start a Office Evolution Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #380 last year

Initial investment: $391K - $1.4M

Units as of 2023: 76 5.6% over 3 years

Office Evolution is a coworking franchise that caters to professionals who want a safe and productive place to work outside of the home, as well as employers who realize the importance of a distributed workforce. With over 60 franchised units across the United States, Office Evolution also offers an intelligent alternative to small business owners and even multinational companies who prefer the overall efficiency of renting ready-to-use workspaces instead of buying and maintaining their own.

With almost two decades of experience, Office Evolution has grown to become one of America's biggest locally owned and operated coworking franchise companies.

Why You May Want to Start an Office Evolution Franchise

Ohana culture is a major positive force behind the success of Office Evolution franchises. Ohana is Hawaiian for family, and the word reflects the relationship between the company and its franchisees. When you become a franchisee, expect the support team to be a dedicated bunch—they operate out of the same Ohana spirit as everyone else involved with Office Evolution.

Office Evolution is a recurring revenue business that has enjoyed sustained growth and expanded its network greatly since beginning to franchise in 2012. These franchises are also easy to operate, with the corporate office handling all back-office responsibilities so you can focus on expanding your business. Office hours are the typical 8AM to 5PM, Monday–Friday, and you can hire a handful of people to manage your property.

What Might Make Office Evolution a Good Choice?

Office Evolution has been ranked in Entrepreneur's Franchise 500 multiple times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

There are people–including global financial and professional services firm JLL–who believe that shared office space will have an even more major impact on the workforce by 2030. With such industry potential, the brand is classified as an essential service.

To become an Office Evolution franchisee, you should make sure you're financially ready for an initial investment that will include a franchise fee and other startup fees. You should also be prepared for ongoing fees that will include royalty fees, advertising fees, and potential renewal fees.

How to Open an Office Evolution Franchise

If you're interested in the Open Evolution franchise and have filled out the proper forms, the company may review your information and see if you are financially ready to open a franchise. If they like what they see, they may give you a call. They will start by detailing the business, your territory options, and other information you need to know about the company and its franchises.

You may also speak with a few franchisees to validate what you have learned about the franchisor. A franchise representative may then endorse you to the company's real estate experts while the franchise team drafts the term sheet and performs a background check on your assets.

When everything checks out, you may be invited to a discovery day. Here, you'll meet everyone at the corporate headquarters in West Palm Beach, Florida. You will also sign your franchise agreement and pay your initial fees. Then, you will officially be part of the Office Evolution family.

Company Overview

About Office Evolution

Industry	Business Services
Related Categories	Coworking Spaces, Miscellaneous Business Services, Miscellaneous Services
Founded	2003
Parent Company	OE Franchising LLC
Leadership	Jason Anderson, Brand President
Corporate Address	2121 Vista Pkwy. West Palm Beach, FL 33411
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Jump to Franchise Overview

More from Office Evolution

The #1 and Fastest Growing Coworking Franchise in the Nation.

Coworking 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’s 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.
By 2023, the flexible workspace market is expected to represent 30% of US office stock.

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.

Key Points & Differentiators

LOCATED IN SUBURBAN MARKETS

Franchisees and Business Center Managers (the heart of each location) are woven into the fabric of the community. Each drawing upon their local network to support members’ success.

Franchisee Benefit: Lower costs associated with a suburban market. We meet the needs of an underserved locale.

SMALLER FOOTPRINTS

Our location size allows for a community to be truly nurtured, while also offering an extended community of thousands across the network.

Franchisee Benefit: Highly efficient space, utilization, and monetization.

SPACE LAYOUT & DESIGN

Key Points & Differentiators

The flow of our space, the colors, furniture, and the ratio of private, semi-private and open space is no accident. The design is purposeful, created to enable and enhance our members’ work.

Franchisee Benefit: Creates an environment appealing to our customer profile and attracts business.

BUISINESS MINDED CLIENTELE

Each franchisee has made their mark in business. Some are serial entrepreneurs. Others are spring boarding off a successful corporate job and are ready to flex their entrepreneurial muscles.

Franchisee Benefit: A unique business ownership model. Working directly with like-minded entrepreneurs.

OUR CULTURE

Owners, Business Center Managers, and members all share in a common desire to help and support one another.

Franchisee Benefit: Working together to provide Dreamers, Risk-takers, and Doers workspace to do their thing.

The Opportunity

If you are interested in owning a franchise in your community that yields recurring revenue, catering to a professional clientele that operates Monday - Friday / 8-5, we encourage you to read on.

Recurring Revenue: Membership-based revenue model, 90%+ income is recurring.
Semi-Absentee: Manage the manager model.
One Employee: You hire one salaried, professional employee. That’s it.
No Food: No need to worry about food, expiring inventory, or cash.
Business to Business (B2B): You’ll have professional clients, just like you.

World Class Support

We’re dedicated to the success of each Office Evolution franchisee and we have the systems in place to provide world-class training, operations and marketing support. Our professionals will provide comprehensive training, marketing launch expertise, and ongoing collaboration and assistance to ensure that your location gets the attention it needs to get off the ground and grow successfully.

Real Estate & Financing

Location & set-up assistance to ensure your locations capitalize on exposure opportunities.
Dedicated real estate team assists with demographics and lease negotiations on your behalf.
Third party financial assistance.

Training

Comprehensive training program at our West Palm Beach, Florida World Headquarters followed by on-site training at your location.
Access to online training tools and collaborative systems.
In-depth franchise operations manual.

Marketing

Innovative marketing plans that include a multi-channel approach that focuses on your local market.
Grand opening plans, PR campaigns, online marketing solutions, printed materials, and event planning programs, created by in-house marketing team.
Cooperative advertising fund, designed to provide ongoing solutions for driving traffic to your location.

Ongoing Support

Team of dedicated professionals committed to ensuring the success of your location with ongoing visits from support staff.
Private access to downloads & information.
Regional meetings and national conventions.

Business Overview

Franchising Since	2012 (12 years)
# of employees at HQ	224
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	76 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Office Evolution franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$390,590 - $1,414,120
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$175,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7.5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	20 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Office Evolution has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	8 hours
Classroom Training	32 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection
Marketing Support	Co-op Advertising Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes

Franchise 500 Ranking History

Compare where Office Evolution landed on this year's Franchise 500 Ranking versus previous years.

Stay up to date on the latest news and trends affecting the franchise industry.

Office Evolution

Why You May Want to Start an Office Evolution Franchise

What Might Make Office Evolution a Good Choice?