Leading Flexible Workspace Provider Launches U.S. Franchise Program
Regus, the leading global flexible workspace provider and an International Workplace Group (IWG) company, announced in July the launch of its new U.S. franchise program. The company is currently seeking committed franchise partners to capitalize on the significant demand for flexible, coworking spaces across the United States, specifically targeting California, Florida, Texas, Illinois and the Northeast including, Pennsylvania, New York, Virginia and Washington D.C. for aggressive development.
Regus created the flexible workspace concept and has been the industry’s global leader since its inception 30 years ago. The brand’s keen understanding of the market has enabled Regus to develop its business model through many economic cycles. Franchisees will benefit from IWG’s built-in network of 2.5 million customers.
An excellent addition to a restaurant/retail/hospitality heavy portfolio, the Regus brand has a strong economic model with low employment costs. The brand has stood the test of time, even through up and down economies, and continued to grow over the years. The average revenue of the top two-thirds of locations is between $1 and $1.75 million with profitability or EBITDA of $190,000 to $265,000.
Regus is seeking qualified franchisees with the organizational and financial capabilities to open a minimum of five locations no smaller than 10,000 square feet over a two- to three-year period. Franchisees should have a minimum net worth of $1 million and a minimum of $350,000 in liquid assets per location. The initial investment ranges from $650,000 – $1.7 million per location with a $50,000 initial franchise fee.
For more information, please call 833-IWG-FRAN or visit https://franchise.iwgplc.com