Listing Number: FR-367091
Coworking is the Future of Business.
Like other "sharing" industries, this brands franchisees simply provide the modern work space and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.
Many business models today are built on this collaborative model including transportation and vacation destination sharing. This company is at the forefront of this growing trend.Their unique combination of open space mixed with higher revenue private offices allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location.
As the number of freelancers grows, there’s been a direct correlation to the growth of the coworking space industry. Even 10 years ago, facilities like ours weren’t common, but it’s predicted that there will be more than 30,000 coworking spaces and over 5 million members by 2022! In fact, the number of people who use coworking spaces is growing at a rate of approximately 24% per year. It’s estimated that by 2030, coworking spaces will make up approximately 30% of the U.S. office space market – a huge jump from its current standing at 5%. Already in 2019, the amount of coworking spaces in the U.S. has doubled since 2015. Our own research indicates that there’s a growing need for flexible workspaces in a number of territories across the country. For instance, we’ve found that there’s a potential demand for as many as 20 facilities in the Chicago area alone! With rapid growth like this, you can be sure that there’s a need for a coworking space in your area.
From virtual offices, to shared desks, to private offices, and conference room packages, we have options for everyone (options that can be scaled as the needs of your business change)
Backed by the support of franchising giant, United Franchise Group, we are dedicated to the success of each franchisee. There are systems in place to provide world-class training, operations and marketing support. Our professional staff will provide comprehensive training, market launch expertise and ongoing collaboration and assistance, ensuring that your location gets the attention it deserves to get off the ground and grow successfully.
- Cash Investment: $900,000-$1,200,000
- Industry: Business Services