Launches Co-Working Franchise……..

Earlier in the week, flexible workspace provider IWG officially launched its franchise program in Canada.   With over thirty years of operating flexible workspaces, the IWG business model, having developed through many economic cycles, is proven, and represents a franchise opportunity that the company suggests can provide partners with an attractive return on their investment. With brands like Regus and Spaces, IWG is a global operator of workspace providers with a network of over 3,300 centres in more than 1,100 cities and 120 countries.   In recent years, flexible workspace, also known as coworking, has become a high-growth industry. The term refers to office space, meeting rooms and coworking areas that can be rented by individual workers or companies for a temporary period of time, from one hour to several years. The industry is estimated to be growing by 24 per cent each year.  The franchise program provides an opportunity for franchisees to enter the fast-growing flexible workplace industry and to help facilitate the rapid expansion of IWG's Canadian and global network.  "Three in ten buildings on every high street around the world could offer a new franchise opportunity in the coming years," says Wayne Berger, CEO, IWG Canada and Latin America. "The serviced office market is one of the most exciting growth markets in the world, and the next frontier for franchise operators. We are excited to partner with new franchise operators to bring the many benefits of flexible working to more people and businesses across Canada.”   Earlier in the year, IWG reported plans to add a workspace footprint of 375,000 square feet in 2019, up by 300 per cent from the space added in 2018. This expansion would bring IWG's total Canadian footprint up to approximately three million square feet in over 35 cities.   IWG is seeking qualified franchise partners with organizational and financial capabilities to open a minimum of five locations, no smaller than 10,000 square feet over a two-to three-years period.

International Workplace Group/IWG – Zug, Switzerland (franchise.iwgplc.com)……