Office Evolution
Business & Professional Services · Coworking & Office Services
- Active units
- 84
- Avg unit volume
- $602k
- Royalty
- 7.5%
Franchised, year-end 2024
of weekly Net Sales
About Office Evolution
Office Evolution is a leading brand in the coworking industry, offering a range of flexible office space solutions for businesses at any stage. Whether you're a startup looking for a creative space or an established company in need of a professional environment, Office Evolution has you covered. With 75+ locations nationwide and 140 more opening soon, Office Evolution provides a vast network of workspaces, including private offices, coworking areas, virtual offices, and meeting rooms. No matter where you are, you can tap into a community of ambitious professionals and collaborate with like-minded individuals. If you're looking for privacy and exclusivity, Office Evolution offers all-inclusive private offices on flexible terms. For those who prefer to work remotely, virtual office services provide the convenience of working from anywhere. Coworking spaces allow you to connect and collaborate with other business professionals in your industry. Additionally, meeting rooms are available for both online and in-person team gatherings. Choose Office Evolution for a workspace that adapts to your needs, grows with your business, and fosters creativity, collaboration, and connection.
Key terms
- Franchise fee
$50k
- Affiliated brand franchisee discount
Franchise owners in good standing of certain affiliated brands may acquire a Business Center for a reduced Initial Franchise Fee of $35,000.
- Brand fund
3.0% of Net Sales
- Footprint
7,000 – 9,000 sq ft
- Multi-Unit Development Agreement
$50k
- Veteran discount
10.0% off franchise fee — Eligible U.S. military veterans (and/or military spouses) receive a discount of 10% of the franchise fee or 5% of the then current transfer fee.
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2025 filing); filings on file: 2024, 2025.
Growth
- Total locations—
Franchised units open at year-end
- New openings—
Gross new units opened during the calendar year
- 1-year unit growth rate—
Net unit growth versus prior year
- 3-year unit CAGR—
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio—
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$602k
Average 2024 Gross Sales across 75 locations
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate9.8%
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$1.2M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate7.5%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio0.5×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 8 of 8 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.