Office Evolution Ranked Among Top Franchises in Entrepreneur’s Highly Competitive Franchise 500®

LOUISVILLE, Colo.– Office Evolution was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. The 43rd annual Entrepreneur Franchise 500®   is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2022 Franchise 500® ranks Office Evolution as #251 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. 

“It’s a great feeling to kick off the year being recognized by Entrepreneur’s Franchise 500,” said Mark Hemmeter, founder and CEO of Office Evolution. “This recognition speaks to the resilience of our Ohana – Hawaiian for family. Our franchisees will continue to work hard to support the changing needs of local small businesses across.” 

In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.

“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”

Over its 43 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Office Evolution’s position on the ranking is a testament to its strength as a franchise opportunity. 

To view Office Evolution in the full ranking, visit https://www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2022 issue of Entrepreneur, available on newsstands January 11th. 

About Office Evolution

Founded in 2003 and franchising since 2012, the Colorado-based company is the largest provider of locally owned and operated flexible workspaces in the United States. Office Evolution has more than 70 locations open, 140 units sold in markets across the country and is poised for further growth as the demand for affordable and safe, workspace close-to-home continues to rise. On any given day, Office Evolution provides inspiration to a network of Dreamers, Risk-Takers and Doers across the nation. Office Evolution continues to lead the workplace transformation that is projected to see nearly 30 percent of all office space become shared office space by 2030, according to a JLL report. Office Evolution is currently operating in 25 states across the nation. For more information about Office Evolution, please visit https://www.officeevolution.com/

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