The flexible workspace provider teams up with its first franchise partner to expand its footprint in
The partnership will extend IWG's footprint into areas where demand for flexible office space among local businesses and entrepreneurs is increasing. The centres will be located in the
"The franchise concept offers our partners the unique opportunity to make an attractive, high-yield investment with the know-how of the market leader and their local expertise. With a strong entrepreneurial spirit and a proven track record in the franchise space, the
"We are actively looking for franchise partners to capitalise on the growing demand in the flexible workspace industry outside the core CBD areas and are confident in adding another 10 – 20 locations to the Australian footprint by the end of 2020," added Bhardwaj.
IWG currently operates in 77 locations in
As an investment, flexspace is a tried and tested business model, promising low staffing requirements and strong customer retention rates. Thanks to the contract-based nature of flexible office services, fewer recurring customers are required for generating a healthy profit (compared to, for example, dining outlets).
IWG has more than 30 years of experience of launching and running flexible spaces all over the world, and an array of established flexible office and coworking brands under its belt to match different demographics and local business needs.
Find out about becoming a franchise partner with IWG.
IWG is leading the workspace revolution. Our companies help more than 2.5 million people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services.
Digitalisation and new technologies are transforming the world of work. People want the personal productivity benefits of living and working how and where they want. Businesses want the financial and strategic benefits. Our customers are start-ups, small and medium-sized enterprises, and large multinationals. With unique business goals, people and aspirations. They want workspaces and communities to match their needs. They want choice.
Through our companies we provide that choice, and serve the whole world of work: Regus, Spaces, No18, Basepoint, Open Office and Signature. We create personal, financial and strategic value for businesses of every size. From some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of flexible working to increase their productivity, efficiency, agility and market proximity.
Join us at www.iwgplc.com.