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๐งฎ Coworking franchise group shares 2023 numbers
Vast Coworking Group saw a 21% increase in sales and a 16.5% increase systemwide membership across Expand ๐ its Venture X and Office Evolution brands in 2023. The company also opened 11 new locations (9 Venture X; 2 Office Evolution) and added 295,578 square feet to its global footprint across both brands.
The group also promoted several longstanding leaders to its executive team, including Paula Mercer (to Vice President of Vast), Tammy Senter (to Vice President of Operations, Venture X), Brad Johansson (to Vice President of Operations, Office Evolution) and Darcy Masciotro (to Vice President of Operations, Intelligent Office).
Vast Coworking Group saw a 21% increase in sales and a 16.5% increase systemwide membership across Expand ๐ its Venture X and Office Evolution brands in 2023. The company also opened 11 new locations (9 Venture X; 2 Office Evolution) and added 295,578 square feet to its global footprint across both brands.
The group also promoted several longstanding leaders to its executive team, including Paula Mercer (to Vice President of Vast), Tammy Senter (to Vice President of Operations, Venture X), Brad Johansson (to Vice President of Operations, Office Evolution) and Darcy Masciotro (to Vice President of Operations, Intelligent Office).
โ๏ธ Two flex brands land on Entrepreneur magazine’s 2024 Franchise 500 ranking
Vast Coworking Group’s brands Intelligent Office and Venture X made Entrepreneur magazine’s 2024 Expand ๐ Franchise 500 ranking, recognizing outstanding performance in unit growth, financial strength and stability, and brand power.
Intelligent Office came in at #436 and Venture X at #463, with both brands having appeared on this prestigious ranking for multiple years. This year’s ranking was one of the most competitive assessments in the list’s 45-year history, according to those in the know.
Given the ranking is topped by firms like Taco Bell, Dunkin’ and Hampton by Hilton, this is a strong signal to the power of franchising in coworking.
Vast Coworking Group’s brands Intelligent Office and Venture X made Entrepreneur magazine’s 2024 Expand ๐ Franchise 500 ranking, recognizing outstanding performance in unit growth, financial strength and stability, and brand power.
Intelligent Office came in at #436 and Venture X at #463, with both brands having appeared on this prestigious ranking for multiple years. This year’s ranking was one of the most competitive assessments in the list’s 45-year history, according to those in the know.
Given the ranking is topped by firms like Taco Bell, Dunkin’ and Hampton by Hilton, this is a strong signal to the power of franchising in coworking.
๐ฅ Flex space franchising heats up with big acquisition
In news that was teased out over the weekend, Vast Coworking (that houses flex franchises Office Expand ๐ Evolution and Venture X) announced on Monday that they’ve acquired Intelligent Office.
The acquisition adds 55 locations across the US and Canada to the group, bringing their total to over 190, servicing some 40k+ members. Jason Anderson, President of Vast, will lead the brand and oversee its ongoing development and growth. This big move puts the light back on franchising in flex, an area were IWG currently lead the pack with over 4,000 locations across their 14-or-so brands.
In news that was teased out over the weekend, Vast Coworking (that houses flex franchises Office Expand ๐ Evolution and Venture X) announced on Monday that they’ve acquired Intelligent Office.
The acquisition adds 55 locations across the US and Canada to the group, bringing their total to over 190, servicing some 40k+ members. Jason Anderson, President of Vast, will lead the brand and oversee its ongoing development and growth. This big move puts the light back on franchising in flex, an area were IWG currently lead the pack with over 4,000 locations across their 14-or-so brands.
๐ Intelligent Office of Rockville celebrates 20 years.
They also were just named "Small Business of the Year" by the Greater Rockville Chamber of Expand ๐ Commerce. Congrats IO of Rockville team!
They also were just named "Small Business of the Year" by the Greater Rockville Chamber of Expand ๐ Commerce. Congrats IO of Rockville team!
Heather Harris digs into how Intelligent Office is reigniting their growth with Gio and Jamie on the Expand ๐ Flex Uncensored podcast.
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