FREE Franchise Guide!
Franchise 500 2023
2023 Franchise 500 Rank
#380 Ranked #251 last year
See the Full List
Initial investment
$391K - $1.4M
Units as of 2023
80 Increase 11.1% 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.

Find Your Perfect Franchise

Company Overview

About Office Evolution

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

Business Overview

Franchising Since 2012 (11 years)
# of employees at HQ 208
Where seeking

This company is offering new franchisees throughout the US.

This company is offering new franchisees worldwide.

# of Units 80 (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 Information Circle
$49,500
Initial Investment Information Circle
$390,590 - $1,404,120
Cash Requirement Information Circle
$175,000
Royalty Fee Information Circle
7.5%
Ad Royalty Fee Information Circle
3%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

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 10 hours
Classroom Training 30 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? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 1
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Interested in ownership opportunities like Office Evolution? Request a free consultation with a Franchise Advisor now.

Franchise 500 Ranking History

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

Additional Rankings

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

Sign Up for Our Franchise Newsletter

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

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Office Evolution.

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Business News

Opening a New McDonald's Franchise Will Be More Expensive in 2024

Starting January 1, franchise royalty fees will rise from 4% to 5% for new locations in the U.S. and Canada.

Starting a Business

Your Ultimate Research Guide to the Crucial Steps Before Buying a Franchise

If you're thinking about becoming a franchisee, find out what you're getting yourself into by reviewing this quick guide.

Franchise

If You Want to Join a Franchise That Is Truly Diverse, These Are the Top 100 to Consider

These franchises are putting their money where their mouth is when it comes to inclusivity.

Franchise

These Are the Top Companies That Support Franchises in 2023

From banking to marketing to event planning, find out who to hire to help your business thrive.

Franchise

Would You Turn Your Small Business Into a Franchise? Here's Why Everyone From Hardware Stores to Hot Dog Shops Are Doing It.

When you've put your blood, sweat and tears into building an independent business, it's hard to know if converting to franchise is selling out, or buying into something better. We talked to business owners across industries about how they made the decision, and to franchisors on why they're pursuing the conversion strategy.

See more franchise content
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