Louisville, CO (May 4, 2017) – Office Evolution, a rapidly-growing B2B franchise offering co-working spaces, virtual office services and fully furnished offices and suites, announced today that it has just granted its 101st franchise license and in the span of sixty days has granted licenses for fifteen new business centers in five new markets. Office Evolution began franchising in 2012 and now has 30 business centers in operation, including seven company locations, and another 78 under development.
Franchise awards include: three locations in St. Louis, MO; three locations in Santa Ana, CA; five locations in Jacksonville, FL; three locations in Raleigh, NC; and one location in Naperville, IL.
“Our explosive growth reflects both the changing trends in the modern workplace and the growing need for flexible workspace, as well as the significant value proposition we offer our franchise partners,” says Mark Hemmeter, Founder and CEO. “Our franchise partners come from all walks of life, but one attribute they all possess is a strong business acumen. We’ve heard time and time again from them that we offer un-paralleled operational support, a winning corporate culture and a business model that is second to none. Ultimately, our success rests in helping them to be successful business owners who, in turn, help their entrepreneurial members be successful.”
The market demand for co-working space, private office space, virtual offices and business services is expected to continue growing rapidly as corporate America outsources many jobs that can be performed more cost-effectively by contractors. The number of contractors, and so-called “solopreneurs” will have soared 50 percent between 2011 and 2018, to an estimated 24 million, per an annual workforce report by MBO Partners. Moreover, the U.S. Bureau of Labor Statistics estimates that the number of freelancers, temps, independent contractors and solopreneurs will grow from 30 percent of the workforce today to 40 percent of the total workforce over the next five years. And those folks need a professional place to work, have meetings and get help with administrative tasks that get in the way of building their businesses.
Founded in 2003 by real estate development and hospitality entrepreneur, Mark Hemmeter, Office Evolution is a Colorado-based national B2B franchise offering co-working spaces, virtual office services and fully furnished offices and suites with more than 108 locations open and under development across the country. The Company built and successfully operated seven business centers before beginning to franchise in 2012. Our fast-growing, national low-investment high-value franchise organization opened six business centers in 2016 and has now signed 101 franchise agreements for new and emerging markets. Our franchisees come from a diverse group of backgrounds and we are increasingly attracting multi-unit franchisees in our system.