According to a study of the coworking market by Flex Office in March 2023, there were over 230 coworking franchises operating in France, up 15% on 2022. At the same time, a survey carried out by Xerfi in February 2023 forecasts annual growth of 10% until 2028.
Having flexible workspaces allows you to connect with other entrepreneurs, professionals and potential investors and grow your business. Bureaux & Co, la Maison du coworking, IWG: here are 3 coworking franchises that are expanding in France.
Offices & Co
Created in 2016, Bureaux & Co is a French brand specializing in collaborative coworking spaces, already boasting more than 30 sites across France, including 8 franchises. The brand’s offering is divided between coworking, flexible offices and private spaces to encourage collaboration and concentration among businesses and entrepreneurs. Its distinctive concept combines comfort, design and conviviality, encouraging the creation of a dynamic community and offering additional services such as meeting rooms and networking events. To open a Bureaux & Co franchise, an overall investment of 200,000 euros is required, including a personal contribution of 50,000 euros, and an entry fee of 30,000 euros. In 2023, network sales reached 25 million euros, with expansion plans to open 20 new sites by 2025.
The House of Coworking
A French brand established in 2014, La Maison du Coworking offers collaborative, flexible workspaces for entrepreneurs, freelancers and nomadic employees. Coworking offers an alternative to traditional offices, which are often too rigid and expensive, and enables coworkers to benefit from a stimulating environment conducive to creativity and collaboration. The Maison du Coworking franchise offers franchisees comprehensive support, from finding premises to running the center. What’s more, it also provides them with proven know-how and tools to ensure the success of their center. To open a La Maison du Coworking franchise, a personal contribution of 60,000 euros is required for an overall investment estimated at between 120,000 and 180,000 euros, excluding premises, and an entry fee of 30,000 euros.
IWG PLC (Regus)
IWG PLC, a leader in the design and provision of flexible workspaces for businesses, operates in over 3,500 locations in 110 countries, offering a diverse range of coworking spaces, private offices and meeting rooms to customers in a variety of sectors. Previously known as Regus, IWG has been operating in France since 2018 and is rapidly expanding its franchise network. IWG’s franchise model offers a solid framework for entrepreneurs wishing to enter the flexible workspace industry, backed by a globally recognized brand and a comprehensive support infrastructure. The brand offers full support for franchisees, from site selection to day-to-day management of the space. This support includes help in finding an ideal location, in-depth coworking space management training covering areas such as marketing, sales, customer management and financial administration, as well as marketing tools and operational support. The total investment required to open an IWG PLC franchise in France is typically between €20,000 and €50,000 for initial costs, with additional costs for customizing the space ranging from €100,000 to €500,000, depending on size and location.
