Fueled Collective offers shared office and coworking spaces for small businesses and entrepreneurs. The franchise provides a collaborative and productive environment to help businesses grow and thrive.
Key Insights
- The Fueled Collective has a background rooted in fostering vibrant community and providing flexible workspace solutions, evolving to meet the changing needs of professionals and businesses seeking adaptable environments. Its operational model centers on creating shared workspaces that offer amenities, networking opportunities, and support services designed to enhance productivity and collaboration. The business operates within the dynamic coworking and flexible office sector, an industry characterized by growth and innovation in how work is conducted.
- The franchise model leverages a proven framework for establishing and managing successful coworking spaces. Operations focus on delivering a consistent member experience through curated amenities, community management, and technology integration, creating a desirable destination for individuals and teams. This business participates in the evolving real estate landscape, catering to demand for on-demand and flexible office solutions.
- Fueled Collective has a history of establishing and cultivating interconnected professional communities. Its operating structure emphasizes providing accessible and adaptable workspaces, fostering an ecosystem where members can connect and grow their ventures. The franchise engages with the broader flexible workspace industry, an area driven by shifts in work culture and the demand for diverse office arrangements.
Franchise Fee and Costs to Open
Exploring the financial picture of Fueled Collective gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $2,016,600 - $14,261,150, along with a franchise fee of $30,000 - $125,000.
Financial Performance and Revenue
Training and Resources
Fueled Collective provides comprehensive initial training. This program offers a thorough understanding of operations and brand standards, lasting two weeks at the Fueled Collective headquarters. The franchisor also offers ongoing support and resources to assist franchisees.
Legal Considerations
Legal considerations for a Fueled Collective franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee may encounter challenges in navigating local market competition, requiring a deep understanding of existing coworking spaces and community needs. The operational complexity of managing diverse member services, maintaining spaces, and fostering a community atmosphere presents a learning curve. Dependence on specific vendors for amenities and technology infrastructure also warrants consideration for maintaining service quality and cost-effectiveness.
Franchise Datasheet
FAQs
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