A coworking space is a collaborative and flexible environment that provides start-ups, independent freelancers, and remote corporate groups a place to work. They combine the structured routine of going to work with the flexibility that most of today’s workforce needs. You can also get access to the latest business technology, contemporary environments, and ergonomic furniture that boosts productivity at these workspaces. Most coworking spaces like venturexfranchise.com encourage productive collaboration and creative communication between coworkers and clients.
Setting Up a Coworking Space
One of the ideal ways of setting up a coworking space is to take up a franchise with an already established brand. This will give you a great push and put you ahead of most of your competition. The parent company will guide you and walk you through the initial stages of starting your space. They will provide you with all the necessary elements to set up a successful coworking space. Below are the initial steps needed for taking up a coworking space franchise:
Consider your Investment
You must evaluate your financial situation and consider how much you can invest before starting a coworking franchise. Most companies have established investment parameters that will help you decide whether you can invest in the company or not.
Pick Your Location
A good location is a must for a successful co-working space. Pick a location that is easily accessible and has several facilities near it. Most companies can help you identify a good location and create a target market.
Evaluate the Franchisor you are Considering
Before you decide to invest in a coworking franchise, make sure you evaluate your franchisor thoroughly. Setting up a coworking space is a considerable investment. You must know your franchisor in and out. Find out about the investment requirements, check for legal stability, evaluate the amount of help the company will provide in setting you up, and so on.
The Best Three Coworking Franchises of 2022
While there has been a considerable growth in coworking spaces over the years, three coworking spaces stand out for their wide range of membership plans and what these plans offer.
Venture X is one of the most popular coworking franchises in 2022. Founded in 2012 by the father-son duo of CEO David Diamond and COO Brett Diamond in Florida, this coworking company has been franchising since 2016. It has more than 45 franchisee-owned locations. Venture X has six membership plans, which you can avail of monthly without any long-term commitments.
They have memberships suitable for people who rarely need a workspace for a day but also need the additional benefits that the membership offers.
They also offer memberships that give you access to a personal office and unlimited access to this office for the member and about 10 of their teammates, 24 hours a day, 7 days a week. These also come with five hours of monthly conference room usage and a business address.
Another membership plan by the company offers you a professional-looking address with package and mail handling services.
You can also just get a desk in the common area, an ergonomic chair, a filing cabinet, three hours of monthly conference room usage, and a mailing address.
Finally, Venture X also has plans that provide you access to only their conference and meeting rooms for your business meeting requirements.
This coworking company was founded by Mark Hemmeter in 2003. The company has been franchising since 2012 and has over 75 locations. This coworking space offers freelancers an office space, shared workspaces, mail and address options, access to conference rooms, and phone answering. They have different options with different fee structures. The monthly plans offer various benefits like kitchen access, shared office supplies and equipment, and reception staff.
Regus was founded in Brussels in 1989. It started franchising in 2012 and has over 2,000 locations across the world. Regus offers individuals different membership levels. If you are a Regus member, you can meet different people at work and host events in the company’s network of coworking spaces, private offices, and business lounges. You can take the Lounge plan if you need unlimited access to the company’s business lounges. These lounges come with high-speed WiFi and office equipment like scanners, printers, and copiers. If you need additional desk space, you can opt for their Coworking plan. This membership also includes 10% off on meeting rooms and reception services. The company’s Office membership offers a well-equipped personal office with janitorial services in addition to everything you get in the rest of the plans.