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Coworking Franchise Alternatives

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So either you own a coworking space and are looking for ways you can expand your concept into a multi-location brand or you want to start a coworking space with a proven coworking model. In this article, we will cover popular coworking franchises, break down the pros and cons of working with a coworking franchise and explore an alternative partnership model, allowing you to make an informed decision on how to proceed.

Coworking Franchise Options

Below I have listed some of the better-known coworking franchises. I would recommend doing extensive research on each company, its management, and coworking vision prior to considering which option works best for you.

Regus

Serendipity Labs

Office Evolution

VentureX

The Pros and Cons Working With A Coworking Franchise

Pros:

  • Proven business model.
  • Experienced management.
  • Brand recognition, media assets, and digital marketing.
  • Franchise support, training, and operations.
  • Hassle-free way to get started without learning everything by yourself.

Cons:

  • You cannot have your own coworking brand.
  • Franchise license upfront costs of $70,000+.
  • Monthly fees for technology, support, and inspections.
  • National Ad Marketing Fees
  • 6-10% gross revenue share
  • You MUST follow brand guidelines, even ones you may disagree with.
  • There is a limit on how creative you can be with your space, aesthetic and concept.
  • Coworking franchise fee and management service fees could impact your bottom line.

DropDesk: The Coworking Franchise Alternative

If you are looking for a way you can get all of the benefits of a coworking franchise, but with the flexibility of being able to choose between running your own brand or leveraging a brand name, you should consider working with DropDesk. DropDesk offers a partnership model allowing independent coworking brands access to our technology, support, marketing, and know-how. If you have a new coworking concept or are currently operating a workspace and looking to expand we can help you scale.

The Pros and Cons Of Working With DropDesk

Pros:

  • Choose between starting your own coworking brand powered by DropDesk or leveraging the DropDesk name.
  • Scale your business with an experienced team that will be with you at each step.
  • Coworking model creation, floorplan, and architectural designs.
  • Support, training, and operation templates.
  • Coworking Property Management.
  • Access to our proprietary coworking management software.
  • Use of our coworking automation, digital marketing tools and marketing team.
  • Hassle-free way to get started without learning everything by yourself.

Cons:

  • Coworking management service fees could impact your bottom line.


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