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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$213K - $465K
Units as of 2024
5 Increase 150.0% over 3 years

Company Overview

About The Coven

Industry Business Services
Related Categories Coworking Spaces
Founded 2017
Parent Company The Coven Inc.
Leadership Alex West Steinman, Cofounder & CEO
Corporate Address 165 Western Ave. N., #8
Saint Paul, MN 55102
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 2022 (2 years)
# of employees at HQ 13
Where seeking

This company is offering new franchises throughout the US.

# of Units 5 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a The Coven 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 Information Circle
$50,000
Initial Investment Information Circle
$213,400 - $465,200
Royalty Fee Information Circle
8%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

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

In-House Financing The Coven offers in-house financing to cover the following: franchise fee

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 58 hours
Ongoing Support
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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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