Franchise owners of both brands merge operations and acquire eight Office Evolution locations to expand flexible workspace solutions across the Denver metro area.
WEST PALM BEACH, FL, January 31, 2023 /24-7PressRelease/ — A group of six franchise owners of leading coworking concepts Venture X® and Office Evolution® inked a milestone agreement to acquire eight Office Evolution locations in Denver, including Boulder, Broomfield (Interlocken), Downtown Denver, Golden, DTC Greenwood Village, Lone Tree (Park Meadows), South Hover Longmont and Louisville. The deal marked the formation of a cross-branded local franchise group that now boasts a portfolio of 12 locations – three Venture X and nine Office Evolution – spanning across all directions of the Denver metro area.
The local group is comprised of Channen Smith, Jason Vandagriff, Jesse Keaveny, Kim Corniel, and Melanie Williams who own Venture X franchise locations in LoDo at Dairy Block, Five Points and Greenwood Village, as well as Diane Mapes who owns the Office Evolution franchise location at Denver Metro North/Northglenn. Each member of the distinguished group has a service industry background, spanning from marketing and sales to operations and human resources, and will leverage their unique strengths to bolster flexible workspace solutions in Denver.
“When we were approached with the opportunity to acquire Office Evolution’s eight locations in Denver, all of us decided to join forces and partner up. We are a group of like-minded individuals, each with our own strengths, coming together to provide coworking solutions to the Denver metro area,” said Channen Smith, majority partner of the local group. “With our locations offering private and shared options, high-tech meeting rooms, virtual office capabilities, event space, best-in-class amenities, and more, there’s no solution in town like what we’re offering.”
Venture X and Office Evolution are part of CoWorks™, the world’s largest coworking franchise network and a division of United Franchise Group™ (UFG). CoWorks is committed to building and connecting consumer-focused brands to help meet the rapidly growing worldwide demand for flexible office space. The company has adopted a hub-and-spoke development strategy, zeroing in on major metropolitan markets and leveraging the unique qualities of Venture X and Office Evolution to strategically plant locations in areas with high demand. The cross-brand agreement in Denver signifies the synergies between both concepts and is a testament to how both can complement each other in any market.
“Venture X and Office Evolution have flexible options that complement each other, so it makes sense to collaborate in finding solutions for members,” commented Michael White, President of Venture X. Jason Anderson, President of Office Evolution and CoWorks added, “From large companies looking for flexible options to start-up entrepreneurs needing agile and creative workspaces and for independent, industrious professionals seeking support and an experienced business network, together, we have more to offer.”
Demand for flexible workspace has skyrocketed in recent years as more individuals and companies adopt hybrid work schedules. Like many major metropolitan areas around the globe, thousands of square feet of office space remain available in Denver, not only reinforcing the shift from traditional office spaces but also the opportunity for flexible workspaces to grow. Venture X and Office Evolution offer a variety of flexible office solutions – from virtual offices that provide secure and professional business addresses to private offices and meeting rooms – as well as hospitality-centered amenities that cater to a diverse member base.
“We are pleased that Channen, Diane and their partners saw the tremendous advantage of having a cross-branded presence in Denver and are maximizing the strategy we have developed in our CoWorks division,” said Ray Titus, CEO of UFG. “They are an exceptionally talented group of people who have a deep understanding of the Denver market and will undoubtedly help countless members of the local business community thrive and succeed.”
To learn more about the owners and this milestone agreement, view this video.
CoWorks™ specializes in franchising within the coworking industry, offering solutions, expertise, and shared service options within the flexible workspace franchise community. Part of the United Franchise Group™ (UFG) family of affiliated brands and consultants, CoWorks was founded in 2021 by Ray Titus, founder and CEO of United Franchise Group, with the express intention of building a framework to connect a variety of coworking brands, services, and amenities within the coworking industry, providing the largest privately owned affiliated franchise network of flexible, professional, and shared office space options on the planet. For more information about CoWorks, visit www.coworksllc.com.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group™ (UFG) is home to an affiliated family of brands and consultants including Accurate Franchising Inc.™, Exit Factor™, FranchiseMart®, Fully Promoted®, Signarama®, Transworld Business Advisors®, and the CoWorks™ division consisting of Franchise Real Estate™, Network Lead Exchange™ (NLX), Office Evolution® (OE) and Venture X® as well as a food division featuring Graze Craze® and The Great Greek Mediterranean Grill®. UFG affiliated brands include over 1600 franchises in more than 60 countries, with consultants that have helped develop over 350 brands into franchises, in over 80 countries with more than 2500 franchisees. With over three decades in the franchising industry United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
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