Franchise Deep Dive: Office Evolution's Franchise Costs, Fees, Profit and Data

The franchise is considered the largest coworking franchisor in the U.S.

Updated 2:14PM • 08/17/23

LAST UPDATED: August 17, 2023
FRANCHISE WEBSITE: https://officeevolutionfranchise.com/
NUMBER OF LOCATIONS: 72
REPORTED COST TO GET IN: $400,000–$1,300,000
REPORTED ROI (Item 19): N/A

Office Evolution is a coworking franchise launched in 2003. It was founded by Mark Hemmeter with the goal of providing people with “the space they need to create great things.” 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.

Office Evolution centers now operate in key suburban areas and secondary markets throughout the United States. The brand is also a part of United Franchise Group (UFG), The Global Leader for Entrepreneurs. As part of UFG, it is able to collaborate with other coworking brands under Coworks.

How Many Locations Are There?

For the past 18 years, Office Evolution has seen sustained growth. It is established as the largest coworking franchisor in the United States, with more than 140 locations awarded and more than 72 units open and operating across 25 states.

What Is the Business Model?

Office Evolution says that its owners “especially enjoy [its] business model, which supports 93% recurring revenue.”

The brand is fueling the office revolution by:

Celebrating and supporting its member base and their businesses
Providing locations that are in suburban areas, so members and owners can be close to home
Maintaining a high-density focus on private offices for one to two people
Offering convenient 24/7 national access for members
Employing modern design for highly functional coworking spaces
Backing the franchise powerhouse United Franchise Group

Franchise owners can choose from three models:

Landlord: integrating a coworking space into a facility
Conversion: converting an existing business to an Office Evolution franchise
Multi-Unit: being an area developer for Office Evolution or adding to an existing portfolio of companies

How Much Can Office Evolution Owners Make?

Office Evolution does not have a publicly available Item 19. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.

How Much Does It Cost to Open an Office Evolution Franchise?

The initial investment to open an Office Evolution franchise ranges between $400,000–$1,300,000. Interested candidates must also have at least $175K in liquid capital.

In terms of overall investment, factors to take into consideration include location and whether the franchisee is making their first investment, converting an existing property or asset, or making a multi-unit investment. The total investment number includes construction and remodeling costs, furniture and fixtures, technology and infrastructure investment, and more.

What Is the Franchise Fee for Office Evolution?

The initial franchise investment fee is $49,500, which takes into account a number of expenses associated with onboarding and training. This includes access to resources, flights, hotels and lodging for initial training, and a number of other ancillary expenses related to getting off to a quick start.

Who Are the Leaders of Office Evolution?

What Helpful Articles Can I Read to Learn More?

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