In today’s busy times, savvy investors are seeking more hands-off business opportunities than ever. There are only so many hours in the day, so a revenue stream that requires little intervention on your part while building wealth is a sound investment strategy. Enter the absentee franchise opportunities presented by Office Evolution, a leading coworking office space company.
Imagine a business where you leave the day-to-day operations in the hands of a trusted employee or small team, and enjoy a recurring revenue stream that comes from loyal clients. You’ll have the backing of a dedicated team of Office Evolution professionals who know coworking office spaces inside and out, and who are there to support your absentee franchise opportunity from the very beginning through grand opening and beyond. You can have all that with Office Evolution.
In the age of the internet, many employees are finding they can work productively from any location, whether that’s their home, a coffee shop, or even outdoors. Working remotely—once considered a perk—is now becoming a sustainable business model for many employers who are no longer saddled with long-term office space leases and high overhead. Not only that, during challenging times, working remotely has become a virtual requirement where employees modify their environment as a matter of health and safety.
The coworking space has become a middle-ground between working in an office and working from home. It provides the employee with the stability and quietude of an office separate from the distractions of working at home, and it gives the employer the confidence their workers have everything they need to get the job done. Coworking office space provides:
Not only is the physical coworking space appealing to the remote office worker, but it also prevents the well-documented disconnect from their teams and colleagues that workers often feel working from home. The loneliness factor is real, and workers often miss out on the organic inspiration from the face-to-face conversation that happens in the hallways and communal spaces traditional offices once offered. While technology allows video conferencing more easily than ever, being in a room with colleagues and teammates cannot be understated for the mental health of today’s office workers. Coworking office space rental agreements often include multiple desks for a group of colleagues looking for a place to work remotely. With the amount of flexible working space in the commercial real estate market, an absentee franchise opportunity with Office Evolution is good business.
In the United States, there are close to 80 million square feet of flexible workspace in the current real estate market, making the coworking franchise market one of the most robust in the world. About 1.6% of all commercial real estate is classified as coworking space, and that number is projected to grow to 30% by 2030. This explosive growth has given rise to significant venture capital pouring into the coworking space segment, stabilizing its foundation for the foreseeable future in the commercial real estate market. With the high demand for coworking spaces in uncertain times in the U.S. Office Evolution absentee franchise opportunities are expected to grow.
Because Office Evolution focuses on metropolitan area suburbs and consciously encourages a smaller floorplan for a cozier workspace, costs to run your absentee franchise opportunity remain low, requiring little more than building maintenance for our franchise owners. The franchise fee for the first unit is just $49,500, with a liquid capital requirement of $500,000.
As you get started, the Office Evolution development team comes in to help get your coworking space up and running. Our team of dedicated professionals has extensive experience in the shared workspace market, with a cross-section of knowledge in:
This expansive backing gives you the support you need to create a single-employee model, which is the ideal beginning for the best absentee franchise opportunity or semi-absentee franchise opportunity. With the hiring of an on-site manager to run your Office Evolution location, you’re free to concentrate on more hands-on investments and living your best life. We even handle all your billing, so you can rely on the revenue generated without investing significant time in the day-to-day operations of the franchise. Office Evolution coworking franchises are designed to generate recurring revenue as members renew their subscriptions to the comfortable, modern, and well-equipped workspace our semi-absentee franchise owners provide.
With an Office Evolution absentee franchise opportunity, the potential for growth in the industry, the recurring membership revenue, and the support you receive from the Office Evolution team are the earmarks of an investment opportunity with low involvement from you. We have over 80 locations in 25 states in the U.S., and we’ve been in the coworking office space market for 17 years, earning a spot on the Inc. 5000 list of America’s Fastest-Growing Companies.
We believe in the dreamers, risk-takers, and the doers, those people whose drive to grow in their small business or entrepreneurial endeavors will take them to great heights. In addition, Office Evolution’s philosophy is based on Ohana, which means family in Hawaiian. We treat you like family because we believe such a connection facilitates quality relationships with our franchise owners and a shared commitment to giving workers everything they need to thrive in their businesses.
In an economy where remote workers want to feel safe, connected, and supported, the Office Evolution model is growing, and your absentee franchise opportunity is waiting.