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bECOME A
COMMUNITY
OWNER
Our franchise model creates an opportunity for building a business of your own, with The Coven’s proven playbook.
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Own a Coworking Space
We’re tapping into the collective wisdom of entrepreneurs across the country to open more inclusive spaces for radical leaders. As a Community Owner, you can use our franchise model to create magic in your community and build a business you love.
Download your Community Ownership Spellbook
Learn more about the process, investment, and playbook to open your own coworking community.
A GROWING INDUSTRY
Hybrid work is here to stay. There's never been a better time to open a coworking space that inspires people to live their best lives. We’re looking for like-hearted folks who are influential connectors to launch a space in their community.
You might be a good fit if you are:
Driven by building strong relationships and creating spaces of belonging
Committed to helping people grow in their careers and lives
Actively anti-racist
A tenacious problem-solver who empowers the people around you
Spaces as Diverse as the communities they serve
Our turnkey approach to space design blends The Coven’s bold brand with local vibes. We’ve built a proven business model and resources to support franchisees in location selection, staff training, and a path to profitability.
Beyond physical spaces, The Coven’s Digital Community connects members with on-demand content, virtual events, a job board, and expert support. Thousands of businesses have launched, and leaders have grown through our network’s connections and coaching.
CURRENT LOCATIONS
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HEAR IT FROM THEM
YOUR INVESTMENT
We know the entrepreneurial journey is better with a team. We’re with you every step. Our fee structure ensures your investment dollars work as hard as we do. From site selection to design to operating expenses, we’ll help you build the business model that pays you back.
Becoming a Community Owner is an opportunity to start a meaningful business of your own. Although The Coven does not offer financing, we're committed to supporting our Community Owners through preferred lending partners to secure startup capital.
Full investment details and financing options will be available in a Franchise Disclosure Document.
✦ Start Up Costs
– $213,400 - $465,200
The cost per-square-foot leasing and construction is vastly different across markets. We encourage people to look at their market and do a competitive analysis of coworking spaces in their area.
✦ Licensing Fee
– $50,000
This is a one-time cost to gain the rights to open and operate a Coven franchise.
✦ Monthly Royalty
– 8%
A small percentage of your monthly revenue is paid to The Coven to support ongoing brand growth and operations.
✦ Monthly Advertising Fee
– 2%
This fee helps fund collective marketing efforts to promote The Coven brand across paid media channels.
✦ Monthly Platform Fee
– $850
A fixed cost for access to essential tools and systems that help run your franchise efficiently.
LAUNCHING WITH EASE
We set you up with everything you need to launch and grow your business. Your strategic business coach is with you every step of the way to put you on the path to profitability.
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The Coven
Core Values
Our core values guide our mission to build a positive, inclusive community, rooted in equity, collaboration, and meaningful impact.
Ideal Community Owner
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Hospitality Brilliance
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Management Experience
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Entrepreneurial Mindeset
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Financial Hustle + Readiness
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Anti-Racist + Inclusive Practices
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WHAT WE OFFER
Ready to Learn More?
Get In Touch
We’re working our connections in underdog cities across the country. Tell us where The Coven should go next. We’d love to hear from you!
This website and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. The communications on this web site are not directed by us to the residents of any of those states. Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.
UPCOMING WEBINARS
Own Your Impact:
Franchising with The Coven
Curious about coworking and building an impactful community? Join Co-Founder and Partner, Alex West Steinman to explore how franchising with The Coven empowers you to foster spaces of inclusion and entrepreneurship. Now more than ever, communities need welcoming, inclusive spaces where people can connect, create, and thrive.
Ready to launch business with purpose? RSVP to one of our upcoming webinars today to learn more about our Community Ownership opportunities.
Friday, January 31st
12:30pm CT
Thursday, March 6th
12:30pm CT
Friday, March 21st
12:30pm CT
A Free On-Demand Course
FRANCHISING FOUNDATIONS
Discover seven episodes that explain what franchising is and how investing in a franchise model can help you build a business that positively impacts your community.
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Ep. 1: Becoming a Franchisee
Ep. 2: Becoming a FranchisorFranchising leverages a community’s collective strength and expertise for shared business success. Whether you’re stepping into entrepreneurship as a franchisee or expanding your empire as a franchisor, you’ll learn how both sides of the business model fast track a world of opportunity, fun, and profitability.
Presented by Alex West Steinman (she/her), co-founder and partner at The Coven, a network of digital and physical spaces for radical change makers.
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Ep 3: Selecting a Business to Invest In
Ep 4: Running a Franchise BusinessFranchise ownership provides you with both entrepreneurial freedom and a supportive business partnership. As an owner of 11 franchise operations, Justin Baylor shares his expertise on becoming a franchisee, including what to consider when choosing a brand, how to navigate corporate systems, and tips for successful management.
Presented by Justin Baylor (he/him), managing partner of JADT Food Group, a Minneapolis-based franchise management company.
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Ep 5: What is a Franchise?
Ep 6: Franchise Disclosure Laws
Ep 3: Franchise Relationship LawsIf you’re thinking about franchising your business or investing in a franchise, it’s important to understand the rules, regulations, and protections governing both sides of the agreement. This legal overview explains the franchise disclosure and relationship laws at the federal and state levels and how they may impact your investment.
Presented by Liz Dillon (she/her), attorney and partner at Lathrop GPM, providing specialized counsel for growing and experienced franchisors.
THE COVEN IN THE NEWS
The Coven: Where Creativity, Collaboration and Community Converge
The Business News | September, 2024
The Coven's St. Louis Park franchise set to open late July
Twin Cities Business Journal | June, 2024
The Coven to Open Two New Coworking Locations in St. Louis Park and Eau Claire
Coworking Insights | October, 2023
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