OFFICE EVOLUTION SKYROCKETS TO NUMBER FOUR RANKING ON ENTREPRENEUR’S TOP NEW FRANCHISES LIST FOR 2017
Company escalates 35 spots from a year ago due to rapid growth
LOUISVILLE, Colo.–(BUSINESS WIRE)–After wrapping up another record-breaking year that included the opening of six new business centers and the signing of its 86th franchise agreement, Office Evolution, a rapidly-growing B2B franchise offering co-working spaces, virtual office services and fully furnished offices and suites, has moved up to the number four spot on the prestigious Entrepreneur Magazine’s Top New Franchises and Promising Business Opportunities for 2017. This follows on the heels of the news that Office Evolution made its debut at #106 on the 2017 Entrepreneur Franchise 500 list in January.
The Top New Franchises and the Franchise 500 lists are noted as the world’s first, best and most comprehensive rankings of the top franchise opportunities in the United States, and celebrates top franchises based on financial strength and stability, growth rate and size of the franchise system, franchise and royalty fees, startup costs, marketing and operational support and brand strength. The Top 100 New Franchises list ranks companies that have been franchising under five years. The list can be found at www.entrepreneur.com/franchises/topnew. View Office Evolution’s Entrepreneur Franchise 500 profile online at www.entrepreneur.com/franchises/officeevolution/334281.
“To be ranked alongside such well respected companies as McDonalds, UPS and Hilton Hotels, to name a few, and from such a noteworthy and credible source, is a great honor for Office Evolution,” said Mark Hemmeter, Founder and CEO. “Our phenomenal growth this past year has certainly been validated by the strong ranking we received as a Top New Franchise. We truly value the trust and commitment our franchise owners place in us and our overarching goal is to help them achieve success through our time-tested business model and processes. Achievements like this only reinforce the return on investment we strive to provide our franchisees through the hard work and dedication of our team members.”
The market demand for co-working space, private office space, virtual offices and business services is expected to continue its rapid growth trajectory as corporate America continues to outsource many jobs that can be performed more cost-effectively by contractors. The number of consultants, contractors, and so-called “solopreneurs” will have soared 50 percent between 2011 and 2018, to an estimated 24 million, per an annual workforce report by MBO Partners. Moreover, the U.S. Bureau of Labor Statistics estimates that the number of freelancers, temps, independent contractors and solopreneurs will grow from 30 percent of the workforce today to 40 percent of the total workforce over the next five years. And those folks need a professional place to work, have meetings and get help with administrative tasks that get in the way of building their businesses.
Our members come from all different professions including lawyers, chiropractors, accountants, therapists, IT consultants – really anyone needing a place to hang their hat – whether they need a place to pop in and check email, a conference room for meetings, or an office for a day, week, month or permanently. What sets us apart from the rest is that we are very flexible in meeting the needs of members at all stages of their business evolution.
Founded in 2003 by real estate development and hospitality entrepreneur, Mark Hemmeter, Office Evolution is a Colorado-based national B2B franchise offering co-working spaces, virtual office services and fully furnished offices and suites with more than 93 locations open and under development across the country. The Company built and successfully operated seven business centers before beginning to franchise in 2012. Our fast-growing, national low-investment high-value franchise organization opened six business centers in 2016 and has now signed 86 franchise agreements for new and emerging markets. Our franchisees come from a diverse group of backgrounds and we are increasingly attracting multi-unit franchisees in our system. Please visit www.officeevolution.com for more company information.
For more information on Office Evolution’s franchising opportunities, visit www.officeevolutionfranchise.com/ or call 877.475.6300.
Melodye R. Demastus
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