2019-09-01 Entrepreneur Magazine

THE FLEXIBLE WORKSPACE AND COWORKING LEADING PROVIDER IS SEEKING FRANCHISEES

TO REAP THE REWARDS OF THE FAST-GROWING SECTOR UNDER ITS REGUS BRAND.

To learn more, visitfranchise.iwgplc.com

7KLVDGYHUWLVHPHQWLVQRWDQRljHUWRVHOORUVROLFLWDWLRQRIDQRljHUWREX\DIUDQFKLVH)UDQFKLVHRljHUVDUHPDGH

RQO\E\GHOLYHU\RID)UDQFKLVH'LVFORVXUH'RFXPHQWDQGLQFRPSOLDQFHZLWKDSSOLFDEOHVWDWHODZV

7KLVDGYHUWLVHPHQWLVQRWGLUHFWHGWRUHVLGHQWVRIDQ\VSHFLNJFVWDWH

AN UNPRECEDENTED INVESTMENT

OPPORTUNITY FOR FRANCHISEES IN THE U.S.

The new U.S. franchise program with

Regus is the latest major international

expansion strategy for IWG.

The company is seeking committed,

driven franchise partners to open

up Regus centers across North America

\PI\_QTT[XMKQÅKITTa\IZOM\+ITQNWZVQI

Florida, Texas, Illinois and the

Northeast—including Pennsylvania,

New York, Virginia and Washington

,+

¹;QVKM\PMÆM`QJTM_WZS[XIKM

sector has grown at an average annual

ZI\MWNXMZKMV\IVLJa

it’s estimated that 50 percent of all

_WZSMZ[_QTTJMZMUW\MUW[\WN\PM

\QUMº[Ia[,IZQV0IZZQ[+-7WN

IWG, North America. “To meet the

growing demand, we are looking to

rapidly expand our network through

franchising. This is an unprecedented

investment opportunity.”

Along with its strong economic

growth, low employment costs and

XZW^MV[\IaQVOXW_MZ:MO][JZQVO[I

range of revenue streams. These include

UWV\PTaUMUJMZ[PQXXZWOZIU ̧_Q\P

a retention rate of around 70 percent—

and commission for selling other

Regus locations.

To meet its aggressive plans for

expansion, Regus is seeking U.S.

franchise partners with the means to

WXMVI\TMI[\Å^MTWKI\QWV[W^MZI\_W

\W\PZMMaMIZXMZQWL ̧MIKPWVMVW

smaller than 10,000 square feet.

Franchisees will need a net worth of

at least $1 million, and a minimum

of $350,000 of liquid assets per

location. Initial investments range

from $650,000 to $1.7 million per

location, with a $50,000 initial

franchise fee.

Franchisees should also have at

least three years’ sales management

experience and two years’ worth of

expertise in community marketing,

working with a sales team of at least

Å^MXMWXTMIVLIKWUUQ\UMV\\W

upholding Regus’s high operational and

reputational standards.

Regus will work closely with franchisees

\WÅVLIVLLM[QOVÆM`QJTMW

KM[XIKM[

Franchise partners will also have access

to marketing, sales and IT support and

leading platforms throughout the

process.

//Branded Content