Business For Sale Geelong, Victoria 3220
Business Category Building and Construction Commerical Property Freehold Franchise Business Opportunities Professional Services
Iwg Spaces Opendesk - Leader Of Hybrid Coworking Offices | Geelong Vic
The coworking industry has an estimated yearly growth of 24% and Spaces is vastly expanding across Australia due to high demand.
Spaces OpenDesk presents a new hybrid opportunity to suit the latest working habits of post-Covid, providing an alternative option to the large coworking office space, with footprints between 300 to 500sqm making them viable for retail, mixed-use, and high-density developments.
Spaces is a part of IWG, a multinational provider of flexible serviced offices, coworking spaces, business lounges, virtual offices, meeting rooms, and video teleconference services, employing over 10,000 people in over 3,400 locations across 120 countries. The group provides services to over 2.5 million individual clients across the globe.
A proven business model fine-tuned for success
Spaces uses a simple and easy-to-operate business model with minimal staff required. This is a hybrid opportunity and investors are expected to own and operate at least three sites in an area.
There are 5 simple steps to owning and operating a Spaces OpenDesk franchise business:
1) Secure space - A great property deal
2) Fit-out & brand - Maximised space efficiency
3) Selling our space & services - Generate revenue & sell the value
4) Upsell - Increase revenue through additional services
5) Retain & grow - Retain customers for sustained long-term cashflow
The Spaces team will help Franchise Partners throughout this process so you have an understanding every step of the way.
Business is booming
By 2030, it is predicted that 30% of all commercial real estate will be flexible workspace while flexible working will be worth AUD 14,5 trillion+ to the economies of 16 leading countries that include Australia.
The flexible workspace sector has reached a tipping point. Following many years of continuous growth, global demand for temporary offices, meeting rooms and coworking areas is set to explode. The structural shift towards people needing a safe, secure, and quiet place to work away from home, that feel “homey and private”, as well as being able to connect and socialize at the same time.
OpenDesk’s goal was to create this space so one would not have to travel far to the main office HQ, such as in repurposed abandoned retail shops in city centres. Each space will have a customised layout based on its size and architecture, allowing an efficient layout that is pleasing and spacious, with breathing spaces, café, soft seating, and wide corridors.
Entering the market now, as an early adoption franchise partner, will enable you to diversify away from traditional industries and generate strong returns on franchise investments right from the start. In addition, Franchise Partners can make any space work in any location.
Join the workspace leaders
Spaces, being part of IWG, has gained an exceptional reputation worldwide. They have helped more than 2.5 million people to work more productively. This is a brand-new franchise investment opportunity. Be a part of the fast-growing workspace and coworking market and be the next franchise partner of Spaces.
Year Business Established 1989
Year Franchising Commenced 2012
Year Franchising Commenced in Australia 2019
Site locations 3400+
Regus was established in 1989 and pioneered flexible workspace. IWG plc was created in 2016 as the holding group for Regus, Spaces, HQ and Signature by Regus.
IWG has been running successful workspaces for over 30 years and exists in more than 3,400 locations, 120 countries and 1,100 towns and cities, with over 2.5 million customers. The flex-office market has reached a tipping point and they are now seeking Franchise Partners to help drive the pace of their growth across the world. In Australia, they now operate over 79 flexible workspace centres across 80,000 square metres.
IWG has won numerous national & international awards for Best Employer Brands, Best Coworking Space and more. SPACES T&G Building Melbourne was one of five winners of the Best New Coworking Space award at the 2019 Qantas Business Travel Awards.
Franchise Partners will benefit from Spaces’ dynamic marketing activities including digital campaigns and advertising. Spaces’ also runs global and local campaigns to acquire customers. Marketing materials are customisable for each location through Spaces’ proprietary PAL system – allowing for quick marketing collateral to be generated whilst saving on third-party agency costs. As a Franchise Partner, you will get access to Spaces’ 2.5m international customers with members able to use any centre across the globe. This, in turn, attracts a huge number of large corporations as part of the network.
Franchise partners will receive world-class operational support. Spaces' innovative proprietary systems enable our Franchise Partners to enhance efficiency and drive cost savings and revenue. Some of these infrastructure tools include an online training academy (FUSE), IWG Intranet and a global CRM system (MYREGUS). Franchise Partners will also receive initial and ongoing support from the global group that manages Spaces - IWG. The IWG head office will assist with all aspects of the business so that you will be confident in managing OpenDesk centres.
Regional support centres cover all time zones and allow centralised management of sales enquiry handling, customer service and all back-office processes to allow front line centre staff to focus on local sales conversion and customer relationship management to improve retention.
Spaces has an HR department that will support Franchise Partners with the recruitment process, payroll, training and more.
Spaces is looking for Franchise Partners who understand the opportunity and are passionate about succeeding. Ideally, they will have strong people management skills with a business and project management background.
Being a good communicator is essential for this role as they will need to be very interactive with clients. The ideal franchisee is extremely trustworthy, reliable, and honest. Time management is also a key quality Spaces is looking for in a franchise partner.
Length of agreement
10 + 5 + 5 years
Geelong consists of many retail hubs with easy accessibility. Spaces OpenDesk locations will benefit from locals, national and international tourists using the conveniently placed flexible offices and coworking spaces.
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This business is somewhat unique and has no similar competition in this region, category or price bracket.