Office Evolution logo
Virtual office services, coworking spaces, executive-suite and conference-room rentals

Investment

$193,000

Initial Franchise Fee

$49,500

Units

86

Growth Rate

+8.9%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Business Services
Founded 2003
Franchising Since 2012
Parent Company OE Franchising LLC
Leadership Jason Anderson, Brand President
# of Employees at HQ 222

Units and Growth Chart

About Office Evolution

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.

Investment Details

Initial Franchise Fee $49,500
Initial Investment $193,000 - $2,178,000
Net Worth Requirement
Cash Requirement $175,000
Royalty Fee 7.5%+
Ad Royalty Fee 3%+
Technology Fee $2K+/mo.
Term of Agreement 35 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 10% off franchise fee or 5% off transfer fee

Available Territories

Franchising opportunities available in the following regions

United States International

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 8 hours
Classroom Training 31 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 & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 1
Are exclusive territories available? No

Ranking History

Office Evolution performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Office Evolution ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022