Office Evolution CEO Shares Advice for Small Operators with All Work

Office Evolution CEO Mark Hemmeter discussed the trend of smaller co-working companies converting to franchises, with his company focusing on conversions as a key growth strategy.

Read the original at 1851 Franchise
Office Evolution CEO Shares Advice for Small Operators with All Work

TL;DR

Office Evolution CEO Mark Hemmeter discusses the trend of smaller co-working companies converting to franchises, with his company focusing on conversions as a key growth strategy. Office Evolution will be focusing on conversions, such as the one with My Office, which converted its four locations into Office Evolution franchises.

In the increasingly popular office sharing space, there’s a new trend taking shape: smaller co-working companies are converting to become franchises. That’s exactly the case for Phoenix-based My Office — the company announced that it’s converting its four locations into Office Evolution franchises.

To share more about this trend and highlight the advantages that Office Evolution has to offer, founder and CEO Mark Hemmeter sat down for an interview with All Work. He noted that the type of conversion that took place with My Office is something that the growing franchise will be focusing on down the line. Hemmeter, told the publication, “Conversions are a big part of what we will be doing in the future.

There are a lot of independent operators having a hard time competing against the bigger systems being built; they are looking (or should be looking) for some sort of exit. One possible exit is to convert instead of to sell — this is a particularly attractive exit to operators that love the business and want to stay involved.”

Another main focal point for Office Evolution moving forward will be the importance of virtual offices. Hemmeter continued, “Virtual offices allow us, and our franchisees, to survive. A lot of our members work from home and they just come to the space when they have meetings. Offering virtual offices allows us to cater to more people.”

In this story

This story was originally published in 1851 Franchise on January 28, 2019. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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