Franchise ownership is taking off in Spain. Up by more than 30% in just five years, it’s become a core part of the nation’s entrepreneurial activity.
This has done wonders for the Spanish co-working scene, as more and more investors have chosen to open flexible workspaces across the country.
Rather than opting for a traditional industry, franchisees are seeing the rise of the co-working revolution – up by 24% each year – and deciding to be a part of it. In fact, real estate provider JLL predicts that 30% of corporate buildings could become flexible workspaces by 2030.
Regus, the world’s leading supplier of flexible workspace, launched its franchise model in Spain earlier this month at the Expofranquicia, the International Franchise Trade Fair. For the first time, franchise owners across Spain will be able to open Regus Centres on their premises and reap the benefits of the thriving flexible workspace sector – one of the fastest-growing markets in the world, according to Regus.
Franchising continues to be important for Regus’ expansion as it seeks out fresh opportunities in new parts of the world. The brand can work with franchisees to scout suitable locations and design work space, offer operational and marketing support, and give a 24/7 customer service to help operators deliver a successful flexible working space.
“Expofranquicia is an excellent opportunity to share new business models and success stories, making known the latest news and opportunities in the market,” says Luis Herranz, Franchise Director at IWG Spain.
“Regus believes that franchises are a natural growth path, providing us with flexibility and expanding the range of locations where we can open centres. This commitment is based on the current and future growth of the flexible workspace sector, of which we are leaders.
“We have an innovative model that’s easy to manage, with good profitability and with operational support based on the more than 25 years of experience that Regus has in the sector.”
Discover how Regus’ franchise business could work for you here