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2022 Franchise 500 Rank
#251 Ranked #126 last year
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Initial investment
$394K - $1.3M
Units as of 2021
75 44.2% over 3 years

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

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 ohana day. Here, you'll meet everyone at the corporate headquarters in Louisville, Colorado. You will also sign your franchise agreement, pay your initial fees. Then, you will officially be part of the Office Evolution ohana.

Find Your Perfect Franchise

Company Overview

About Office Evolution

Founded
2003
Leadership
Mark Hemmeter, Founder & CEO

Franchising Overview

Franchising Since
2012 (10 years)
# of employees at HQ
30
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
75 (as of 2021)

Franchisor Information

Corporate Address
357 S. McCaslin Blvd., #110
Louisville, CO 80027

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
$49,500
Initial Investment
$393,650 - $1,318,300
Net Worth Requirement
$750,000
Cash Requirement
$300,000
Royalty Fee
7.5%
Ad Royalty Fee
3%
Term of Agreement
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.

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
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about 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?
Yes
Take our quick quiz to find your ideal franchise

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Franchise 500 Ranking History

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

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021