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Updated RecentlyOffice Evolution vs Gemma Business Brokers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Office Evolution vs Gemma Business Brokers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $60,825 - $1,485,150 | $79,225 - $119,225 |
| Franchise Fee | $45,000 | $37,000 |
| Royalty Fee | 7.5% | 8% Annual min. $10,000 |
| Advertising Fee | 3% | 2% |
| Year Founded | 2003 | 1998 |
| Year Franchised | 2013 | 2009 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
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| Training | We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours | - |
| Support | Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | The Gemma CRM platform helps you: o Manage accounts and contacts, giving you a complete customer picture at a glance o Track sales opportunity-related data including milestones, decision makers, customer communications, and key documentation throughout Gemma's standardized sales process. o Provide Analytics: Get the real-time status of your business at a glance with key reports on value of your pipeline and revenue forecasts o Develop Email Marketing Tools: tools and templates are provided to help build, manage, and track email blasts as well as individual email communications to help generate new leads |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | Yes |
Company Overviews
About Office Evolution
Exciting Growth Opportunities Ahead for Business Services
Founded in 2003, Office Evolution has always approached private office space and virtual office space
markets from a unique, entrepreneurial perspective. Our determination
to offer sole proprietors and small businesses real business solutions
has turned the idea of expensive executive offices and impersonal virtual office and co-working spaces
on its head. Our efforts have resulted in a growing number of business
centers located in key metro areas throughout the United States.
More and more people are seeking self-employment as an alternative to a possibly fickle and often frustrating corporate reality. Self-employment rates have been growing at an average of 4.5 percent annually most of this decade, adding roughly 1 million people per year, and across the country, enrollment in entrepreneurship programs at universities is booming, according to a recent Entreprenuer.com article by Jason Daley. With the advent of mobile computing and cloud technology, the opportunities for entrepreneurs are exploding. They no longer need an office, staff and equipment to get started in business and the cost of entry can be very low.
The best strategy is to stay flexible, keep things simple and focus on their business: a virtual office could be the perfect solution!
The total investment necessary to begin operation of an Office Evolution
franchised business is between $286,825 and $1,485,150. This includes
$63,324 to $65,150 that must be paid to the franchisor or its
affiliate(s).
The total investment necessary to begin operation of an Office Evolution acquisition business is between $133,325 and $990,150.
This includes $63,325 to $65,150 that must be paid to the franchisor or
its affiliate(s).
The total investment necessary to begin operation of
an Office Evolution conversion business is between $60,825 and $590,150.
This includes $18,325 to $590,150 that must be paid to the franchisor
or its affiliate(s).
#267 in Franchise 500 for 2020.
About Gemma Business Brokers
Operate your own business but have full access to shared learning and experience. You work for yourself but not by yourself.
Select your own place of work - home office, downtown location, shared office, virtual office
Pay royalties only when deals are closed. Our royalty system is based entirely on deal flow - there is no set monthly fee, any royalty is paid only when deals are closed. This arrangement underscores our commitment to our franchisees' success and our determination to ensure existing branch offices are successful before awarding new locations. Have access to state-of-the art proprietary software packages.
Have the benefit of ongoing training and education on marketing, administration and operations, including training on the Gemma approach to business valuation and pricing; deal negotiations and marketing your clients' opportunities.
You also have ongoing career development opportunities through an exclusive arrangement for access to online executive education from Cornell University's Johnson Graduate School of Business (hyperlink).
Enjoy marketing assistance - plans and advertising templates to help you keep your company visible in your marketplace.
With a Gemma Business Broker Franchise, you choose where you want to work. Some franchisees choose a home office, others share a rented space.
Our proprietary back office system allows you to stay connected with the company, as well as with your growing list of clients and prospects. A custom CRM (customer relationship management) tool provides the services you need.
- Contact management
- Sales tracking, including documentation
- Data Analysis so you can see where your business is and where it should be
- E-mail marketing tools
It’s never been more affordable to develop a successful business brokerage. With the knowledge and systems from an experienced leader, Gemma Business Brokers, is behind you and with you all the way.