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Updated RecentlyOffice Evolution vs 5th Avenue Acquisitions Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Office Evolution vs 5th Avenue Acquisitions 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 | $63,990 - $72,500 |
| Franchise Fee | $45,000 | N/A |
| Royalty Fee | 7.5% | - |
| Advertising Fee | 3% | - |
| Year Founded | 2003 | - |
| Year Franchised | 2013 | - |
| 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 | We are seeking partners who are leaders in their business community that exude confidence and energy. Our ideal candidate should have business knowledge and be willing to learn what is necessary to be successful in specializing in Mergers & Acquisitions and venture capital. Critical skills includes: emotional control, stress management adaption in high-pressure environments. Conflict management skills are a plus. |
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 | One week comprehensive training program designed to teach you our complete turnkey system. You will receive unparalleled training and support, both locally and from our head office. |
| 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 | - |
| 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 | - |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
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 5th Avenue Acquisitions
Where Healthcare Professionals Go To Buy Or Sell Their Practice5th Avenue Acquisitions & Venture Capitalists is a full service merger & acquisition firm that specializes in dental and medical practice transitions, as well as venture capital. We are seeking entrepreneurial individuals to manage a market and build together with us a future. We link buyers with sellers for dental practices and specialized medical professionals, including plastic surgeons, ophthalmologists, and others.
One of 5th Avenue Acquisitions & Venture Capitalists major benefits is that it's a home-based business. You manage and run your business from the comfort of your own home office. Most of the consultations with your clients are done over the phone, which means lower overhead costs and no commuting to and from work every day. Partner with 5th Avenue Acquisitions & Venture Capitalists and join a leading merger & acquisition firm with deep roots in providing 100% financing to medical practices. We focus on the Dental, Veterinary, Ophthalmological, and Plastic Surgery practices who need to grow, sell or need to change. . With our proprietary systems we have in place we are able to match a qualified practice and or prospect with the right opportunity. 5th Avenue Acquisitions is a leading merger & acquisition firm that works directly in the medical industry. We provide 100% financing to Dentists, Veterinarians, Ophthalmologists, and Plastic Surgeons with an impressive track record. With over a decade of financial and operational experience, you are able to reap the benefits when you partner with
5th Avenue Acquisitions and our Venture Capital group. This will enable you to utilize our broad industry knowledge and powerful network of financing relationships we have built over the years. One of our hottest programs we offer today is the 144a Bond Funding (http://www.5thaavc.com/144a-bond-funding). The commission on the 144a Bond Funding ranges from as little as $150,000 to as high as $2 million. Our fee is 1.5% on any loans that are 10 million and above. Some of our most successful franchisees have chosen to prioritize their focus and specialize on the Bond Funding area of our business.