Office Evolution Franchise FDD, Profits & Costs (2025)
Office Evolution is a leading coworking franchise founded in 2003 by Mark Hemmeter in Louisville, Colorado. It offers flexible office spaces, meeting rooms, and virtual mail services. The company started franchising in 2012 and has grown rapidly. Today, it has over 80 locations, with 140 more in development.
The franchise focuses on suburban markets, making office spaces more accessible. Its locations provide private offices, coworking areas, and professional meeting rooms. Lower operating costs and convenient locations attract business owners and remote workers. This strategy sets Office Evolution apart from competitors.
The brand emphasizes a supportive community with its “Ohana” culture. Franchisees benefit from strong business support and a proven model. The modern workspace design enhances productivity and collaboration. As the largest locally owned coworking network, Office Evolution continues to expand nationwide.
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Initial Investment
How much does it cost to start a Office Evolution franchise? It costs on average between $188,000 – $2,464,000 to start a Office Evolution franchised center.
This includes costs for construction, office furnishings, technology setup, and initial operating expenses. The exact amount depends on various factors, including the location, market demand, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount (Low – High) |
|---|---|
| Initial Franchise Fee | $49,500 – $49,500 |
| DSS Fee | $9,750 – $19,500 |
| Leasehold Improvements | $0 – $600,000 |
| Furniture, Fixtures, and Equipment | $30,000 – $750,000 |
| Site Lease Deposit | $0 – $600,000 |
| Pre-Opening Staff, Salaries, Travel, Training | $5,000 – $30,000 |
| Initial Marketing Launch | $45,000 – $90,000 |
| Office and Kitchen Supplies | $1,000 – $5,000 |
| Legal and Professional Fees | $15,000 – $60,000 |
| Insurance | $2,000 – $20,000 |
| Architectural Services | $0 – $85,000 |
| Transportation and Meals During Training | $500 – $5,000 |
| Additional Funds (0-6 months) | $30,000 – $150,000 |
| Total Estimated Initial Investment | $187,750 – $2,464,000 |
Average Revenue (AUV)
How much revenue can you make with a Office Evolution franchise? A Office Evolution franchised location makes on average $520,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $576,000 yearly revenue for similar coworking franchises. Below are a few Office Evolution competitors as a comparison:
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Office Evolution Franchise Disclosure Document
Frequently Asked Questions
How many Office Evolution locations are there?
As of the latest data, Office Evolution operates 84 locations across the United States. The company continues to expand, with plans for additional locations in the future.
What is the total investment required to open a Office Evolution franchise?
The total investment required to open a Office Evolution franchise ranges from $188,000 to $2,464,000.
What are the ongoing fees for a Office Evolution franchise?
Office Evolution franchisees pay a 7.5% royalty fee on net billings and a 3% marketing fee. The royalty fee grants access to the brand, business model, and support, while the marketing fee funds national and regional advertising efforts.
What are the financial requirements to become a Office Evolution franchisee?
To become an Office Evolution franchisee, candidates are required to have a minimum net worth of $750,000 and at least $300,000 in liquid capital. These financial prerequisites ensure that franchisees are well-positioned to manage the initial investment and sustain operations effectively.
How much can a Office Evolution franchise owner expect to earn?
The average gross sales for a Office Evolution franchise are approximately $0.52 million per location. Assuming a 15% operating profit margin, $0.52 million yearly revenue can result in $78,000 EBITDA annually.
Who owns Office Evolution?
Office Evolution is owned by United Franchise Group (UFG), a global leader in franchising. In May 2022, Office Evolution joined UFG’s Coworks division, which also includes Venture X, creating the largest privately-owned franchisor in the coworking industry.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
