Office Evolution vs Regus Office Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Office Evolution vs Regus Office including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Office Evolution Franchise
Regus Office Franchise
Investment $60,825 - $1,485,150$1,705,000 - $8,570,500
Franchise Fee $45,000$50,000
Royalty Fee 7.5%-
Advertising Fee 3%-
Year Founded 20032018
Year Franchised 20132018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Office Evolution Franchise
Regus Office Franchise
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
 
Office Evolution Franchise
Regus Office Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support
 
Office Evolution Franchise
Regus Office Franchise
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 -
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
 
Office Evolution Franchise
Regus Office Franchise
US Expansion YesYes
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 Regus Office

"Regus

Regus Office provides flexible/virtual office space, co-working facilities, meeting and training facilities and commercial office alternatives.

The total investment necessary to begin operation of a single-unit Regus Office is from $650,300 to $1,714,100, excluding real estate leasing or acquisition costs. This includes $50,000 that must be paid to the franchisor.
If you sign a Multi-Site Development Agreement, you pay a Development Fee equal to the sum of the initial franchise fee for the first Regus Office to be developed, plus 50% of the initial franchise fee for each additional Regus Office you agree to develop.
The total investment necessary to enter into a Multi-Site Development Agreement with the development rights of 2 to 5 Regus Offices is from $1,300,600.00 to $8,570,500.00, excluding real estate leasing or acquisition costs. This includes between $75,000 for 2 locations and $150,000 for 5 locations that must be paid to the franchisor.