- Colorado-based Office Evolution earns #2 ranking in the Business Services Category of Entrepreneur’s 2018 Franchise 500® List.
- It’s the second year in a row that the flexible workspace franchise has been ranked in the annual Franchise 500 list.
- Office Evolution CEO, Mark Hemmeter, says the firm is on track to grow from 36 locations to more than 125 by 2019.
For the second consecutive year, Office Evolution, a rapidly growing B2B franchise offering coworking space, private office space, virtual offices and business services, was ranked in the highly competitive Entrepreneur Magazine’s annual Franchise 500® list, an exclusive ranking of the nation’s fastest-growing franchise companies.
Office Evolution ranked #2 within the miscellaneous business services category of the 2018 Franchise 500 and #198 overall. Considered the most prestigious and comprehensive ranking of franchise opportunities, Entrepreneur’s Franchise 500 evaluates franchise businesses based on brand strength, system size and growth, cost and fees, financial strength and stability, and marketing and other support such as social media presence.
All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 39 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees.
“It’s an honor to be recognized two years in a row for our growth and value proposition,” said Mark Hemmeter, Founder and CEO of Office Evolution.
“This ranking speaks to the proven success of our franchise business model, which is demonstrated by our phenomenal growth in the last several years. While we’ve grown from eight locations in 2012 to 36 locations today, we are on track to grow to more than 125 locations by 2019.
“We are grateful to our committed franchisees who are now serving our more than 2,100 members across the U.S.”
Founded in 2003, Office Evolution is a Colorado-based national B2B shared office franchise offering coworking spaces, virtual office services and fully furnished offices and suites. The Company now has more than 125 locations open or under development across the country.
Other accolades include a top franchise for 2018 by Franchise Business Review; ranking on the 2017 Inc. 5000 list; Entrepreneur’s Franchise 500 two years in a row (2017 and 2018) and #4 on their 2017 Top New Franchises list.