Office Evolution Overview
pg. 4 Industry Overview pg. 13 Landlord Relationships
pg. 5 OE Overview
pg. 6 Team & Timeline
pg. 14 OE vs. WeWork
pg. 16 Tr
pg. 8 Locations
pg. 18 Sample Floorplans pg. 10 Corporate Support
pg. 12 Customer Profile
pg. 19 Photos
ransaction Timeline
INDUSTRY OVERVIEW 5M
5 million sf/year – the amount of new coworking inventory that has come on the market starting in mid 2015 30% Estimated office stock ( 30% ) that will be attributed to coworking space by 2030 50% 50% of enterprise companies will be involved in the shared space industry by 2020. 3.8M The number of coworking members will rise to a staggering 3.8 million by 2020.
Source: Cushman & Wakefield
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Industry Overview
OE Overview
Team & Timeline
Locations
Corporate Support
Customer Pr
OFFICE EVOLUTION OVERVIEW
2003 Founded in Boulder, CO #1 In Coworking Category on Entrepreneur Franchise 500 65+ Current number of locations. We are growing rapidly and are projected to be the 4rd largest operator by EOY 2019.
#160 On the 2017 Entrepreneur Franchise 500 5th Largest shared space franchisor in the U.S. (based on locations) 85%+ Average occupancy for locations open 1+ years
3 YEAR PLAN
90+ CENTERS (PROJECTED)
5TH LARGEST franchisor currently in the country 4TH LARGEST franchisor projected by EOY 2019 3RD LARGEST franchisor projected by EOY 2020
70+ CENTERS (PROJECTED)
60 CENTERS
2018
2019
2020
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Landlord Relationships
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OE vs. WeWork
MEET OUR TEAM
Mark Hemmeter | Founder and CEO Mark founded Office Evolution in 2003 and serves as CEO. Prior to founding Office Evolution, he was a developer and operator of hospitality properties including resort hotels, casinos, retail stores and restaurants in Colorado, Hawaii, Louisiana, California, Mexico and the Caribbean. His passions in business include real estate development, technology and supporting entrepreneurs. He is an active member of YPO/ WPO and has been a member of ULI, Vistage, NAIOP, and the CU Real Estate Council. He loves to explore and so far has visited 44 countries and climbed seventeen 14,000+ foot peaks in Colorado. Originally from Honolulu, Mark graduated the University of Colorado College of Business. He has been married for 27 years to Lisa and has three daughters.
Paola Olson | Franchise Real Estate Manager Paola is a Franchise Real Estate Manager and has diverse background in the Commercial Real Estate Industry. Her experienced started in Cleveland, Ohio working for a small real estate developer as a leasing agent, property manager and tenant rep. Over the last two decades, Paola has represented multiple National brands; including Hollywood Video, Enterprise Rent a Car, Franchise Brands; Plato’s Closet, Once Upon a Child, Play It Again Sports, Music GO Round and Title Boxing Club throughout the country as well as Canada, Puerto Rico and Mexico. In addition to representing tenants, Paola has represented Landlords as a leasing agent, project manager and property manager for Retail, Professional and Medical Office Properties.
TIMELINE
2008-2010
2003
Mark Hemmeter, Founder & CEO, and partners opened first location in Boulder, CO
Continued to grow through the recession, operating 8 company owned locations
Honed our business model through opening, operating, moving and remodeling company owned locations
2003-2012
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Industry Overview
OE Overview
Team & Timeline
Locations
Corporate Support
Customer Pr
IN-HOUSE SUPPORT
PROJECT MANAGEMENT
DESIGN COORDINATOR
John Lijoi | Project Manager John joined Office Evolution in April 2019. As Project Manager, he assists franchisees with the initial design of their space and works closely with them during the buildout of their location. He has twenty years of experience in the construction industry, including projects ranging from residential properties, multi-unit townhomes and large commercial projects. John also has five years of experience in the technology industry, which includes the installation and maintenance of structured cabling as well as IT management for small and medium sized businesses. His project management experience is custom tailored for the OE model and also includes the oversight of data-tracking installations at utility-sized solar projects across North America.
REAL ESTATE COORDINATOR
2013
2019
2015
Reached 20+ open locations
Opened first franchise owned location in Cherry Creek in Denver, CO
65+ open locations and counting (goal is to exceed 70 locations by end of year)
Opened first out-of-state franchise locations in NJ, CA and UT; ended year at 13 open locations
Launched franchising
Reached 30+ open locations
2012
2014
2017
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OE vs. WeWork
LOCATIONS Open and/or in Development
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Industry Overview
OE Overview
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Corporate Support
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OE vs. WeWork
CORPORATE SUPPORT Office Evolution’s business model, which includes executive suites, co-working spaces, and shared conference rooms, is designed to be convenient for professionals, from our flexible memberships to our suburban locations. Our approach works.
HERE’S WHY
Tried and True Model
16 Years Experience
Franchisee Success is OE Success
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Industry Overview
OE Overview
Team & Timeline
Locations
Corporate Support
Customer Pr
CORPORATE SUPPORT Office Evolution is focused on Franchisee success. This support, backed by unparalleled corporate systems, allows Franchisees to focus on business development and customer service.
AREAS OF SUPPORT
Project Management & Design
Marketing & Lead Generation
Customer Billing & Collections
Phone Answering/ Call Center
Technology Support
Ongoing Training
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CUSTOMER PROFILE
Office Evolution’s target customer is an ESTABLISHED suburban professional, solo operator or field team. Our customers are MORE RELIABLE AND PROFESSIONAL than our coworking competitors.
CUSTOMER INDUSTRIES
REAL ESTATE/ MORTGAGE LENDERS
ATTORNEYS
ACCOUNTANTS
CONSULTANTS
HEALTH & SOCIAL SERVICES PROFESSIONALS
MARKETERS
TECH SUPPORT PROVIDERS
FINANCIAL ADVISORS
Real Estate Broker
Accountant, Bookkeeper, Tax Preparer
Attorney
Personal Services
Real Estate Services
TOP 10 INDUSTRIES
Financial Investments
Other Professional, Scientific & Technical
IT Services
Health and Counselor
Business Support
Attorney
Financial Investments
Health and Counselor
Business Support
IT Services
Other Professional, Scientific & Technical
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Industry Overview
Real Estate Services OE Overview
Team & Timeline
Locations
Corporate Support
Customer Pr
Personal Services Real Estate Broker
Accountant, Bookkeper, Tax Preparer
LANDLORD RELATIONSHIPS Office Evolution is trusted by top landlords across the country.
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OE vs. WeWork
THE OFFICE EVOLUTION DIFFERENCE
OWNERSHIP
Franchisee owner
Corporate backed
Corporate-owned locations lacking recourse options in the event of default
Individual business owner with personal financial liability at stake
ACCOUNTABILITY
Stable, local professional services: • Attorneys • Accountants • Consultants • Insurance providers • Realtors
• Volatile startups • High-growth tech • Large enterprise occupiers
TARGET CLIENTS
High-end finishes with a focus on aesthetics despite high tenant improvement costs
Efficient space designed to minimize tenant improvement costs Focused on individual, profitable locations and a conservative expansion strategy
DESIGN
EXPANSION STRATEGY
Focused on market share and aggressive growth
IDEAL LOCATION
Suburban
Urban core
IDEAL BUILDING
Suburban class B+ mid rise
Class A trophy high rise
IDEAL SIZE
6,000 - 10,000 square feet
30,000 - 100,000+ square feet
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Industry Overview
OE Overview
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Corporate Support
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Office Evolution enables me (and now my team!) to work in a professional office setting for a very reasonable price, in a super convenient location. As a small nonprofit, this was hard to find anywhere else. —Yosef Gillers Founder & Executive Director of GrowTorah
“ manager was able to show me the missing pieces to my new entrepreneurship. Thank you, Office Evolution, for being the all-inclusive location for my small business needs. —Whitney Scott Founder, Thrive CPR Office Evolution has been nothing short of amazing in helping with the success of my business! The office
Office Evolution is the perfect balance of great location, competitive pricing, and flexibility. It also does a good job providing a professional work atmosphere without feeling like you are working in a library. —Nathan Zezula Founding Partner of Lueker Mott Zezula LLC
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OE vs. WeWork
TRANSACTION TIMELINE
Paola Olson Franchise Real Estate Manager
SITE SELECTION
DUE DILIGENCE
NEGOTIATION
ACCOUNT MANAGEMENT
+
BEST-IN-CLASS Local Expertise
Terri Winter Of Counsel
Steve Billigmeier Executive Managing Director
Sid Dixon Senior Associate
LEGAL
TRANSACTIONS
STRATEGIC REAL ESTATE PARTNERS
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Industry Overview
OE Overview
Team & Timeline
Locations
Corporate Support
Customer Pr
12 MONTHS AVERAGE TRANSACTION PROCESS FROM START TO FINISH
John Lijoi Project Manager
LEASE SIGNED
DESIGN & CONSTRUCTION
GRAND OPENING
FURNITURE
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SAMPLE FLOOR PLANS
7,000 SQUARE FEET
Finish Plan General Notes
Finish Plan Key Notes
Symbol Legend
Submittals - Contractor to submit samples of all finishes to NELSON for approval prior to ordering/installation.
Floor Finish - Transition
1. Existing Surfaces Repair The Contractor shall retouch or refinish surfaces damaged by subsequent work. 2. Existing Surfaces
Office 114
Office 115
Key - Floor Finish
CPT-1
Office 116
Office 117
Office 118
Corner Guard - Provide and install wall edge protection on all outside corners. Specification: TBD
Office 113
Contractor shall examine all surfaces to be finished under this contract and see that the work of their trades has been installed in satisfactory condition to receive paint, stain or specified finish. The application of the first coat of any finish process shall constitute acceptance by the Contractor of the surface. 3. Existing Finishes Where new finishes are adjacent to existing finishes, materials shall be installed with no definitive transitions between existing and new finishes. 4. Material Packaging/ Storage/ Installation Materials shall be delivered in their original cartons as packaged by the manufacturer and must bear the original manufacturer's labels. Contractor will be responsible for receiving and storing such goods. Materials stored on the site shall be protected from damage by moisture, wind, sun, abuse or any other harmful affects. Damaged materials will be rejected and must be replaced. All materials shall be installed and finished according to manufacturer's specifications. 5. Preparation for Installation Contractor shall examine conditions concerning substrates and surfaces where finish work is to be performed. All substrates and surfaces to receive finishes shall be free of dirt and debris prior to installation. Both the substrate and surface preparation shall be in accordance with the manufacturer's recommendations. 6. Carpet Contractor shall submit three (3) sets of carpet samples to NELSON for approval prior to field execution. Contractor shall ensure that carpet supplied for an individual installation be from the same manufacturing run, of uniform color, texture and pattern. 7. Carpet Installation All flooring shall be installed per manufacturer's recommendations regarding adhesives, seaming, direction, etc. Carpet installer shall ensure that carpet nap runs in the same direction. Carpet to carpet transitions at door shall occur directly under line of closed door. 8. Carpet Stock The Contractor shall verify whether or not the Tenant would like to store any large usable carpet remnants prior to discarding. 9. Base Contractor shall allow rubber base to run continuous around corners. Do not use pre-molded base or pieces less than 18" long. Base material shall be installed flush to floor surface. 10. Transitions Contractor shall provide rubber transition strips between carpet and LVT/VCT to match rubber base. 11. Paint All painted surfaces shall receive manufacturer's recommended primer coat and (2) coats minimum specified finish. 12. Paint Submittals Contractor shall submit three (3) sets of 8" x 10" paint samples to NELSON for approval prior to field execution. 13. Paint Stock Contractor shall leave remaining paint (1 gallon minimum) of each color clearly labeled with "Color Name" and Finish Key "P-#" with Tenant for future touch-up needs. 14. Wallcovering Wall or surfaces with wallcovering finishes shall be primed with sizing prior to wallcovering installation. Wallcovering installations shall not terminate at outside corners or reveals. If it is necessary to terminate wallcovering on a flat wall or outside corner, provide edge mold: Outside Corners: Koroseal, Korogard OC12 Aluminum Outside Corner Trim Piece Flat Walls: Koroseal, Korogard JC12 J-Molding 15. Clean Up Upon completion of all finish applications, all materials and equipment shall be removed. Contractor shall ensure that paint and glue spots are removed and that all areas are left clean and free of dust, dirt and debris. 16. Interior Finish Code Compliance Finish requirements per 2012 NFPA 101 Section 38.3.3 Interior Finish for New Business Occupancies: 38.3.3.1 Interior finish shall be in accordance with Section 10.2. 38.3.3.2.1 Interior wall and ceiling finish material complying with Section 10.2 shall be Class A or Class B in exits and in exit access corridors. 38.3.3.2.2 Interior wall and ceiling finishes shall be Class A, Class B, or Class C in areas other than those specified in 38.3.3.2.1. 38.3.3.3.1 Interior floor finish shall comply with Section 10.2. 38.3.3.3.2 Interior floor finish in exit enclosures shall be Class I or Class II. 38.3.3.3.3 Interior floor finish shall comply with 10.2.7.1 or 10.2.7.2, as applicable. 12 13 14 15 16
CPT-2
CPT-2
Key - Wall Finish
P-1
CPT-2
CPT-2
CPT-2
CPT-2
Key - Note
F1
Finish Schedule CPT-1 Carpet Tile Manufacturer: Patcraft Style: Color Pop 10381 Color: Retro Pop 00650 Installation: Coordinate with Tenant
P-1 Paint Manufacturer: TBD Color: TBD Two (2) coats eggshell To be used throughout unless otherwise noted. P-2 Trim Paint Manufacturer: TBD Color: TBD Two (2) coats semi-gloss To be used on h.m. frames throughout.
Office 112
CPT-2
Office 119
Office 123
Office 120
Office 122
Office 121
To be used throughout unless noted otherwise. Contact Tracy Roan with Patcraft @ 404.316.4631 CPT-2 Carpet Tile Manufacturer: Patcraft Style: Color Block 10382 Color: 00650 Installation: Coordinate with Tenant To be used where indicated. Contact Tracy Roan with Patcraft @ 404.316.4631 LVT-1 Luxury Vinyl Tile Manufacturer: Patcraft Style: North Ridge 1206V Color: Irish Cream 02150 Size: 3 x 36 Pattern: Coordinate with Tenant To be used where indicated. Contact Tracy Roan with Patcraft @ 404.316.4631
CPT-2
CPT-2
CPT-2
CPT-2
CPT-2
Office 111
CPT-2
P-3 Accent Paint Manufacturer: TBD Color: TBD Two (2) coats eggshell Locations TBD PL-1 Plastic Laminate Manufacturer: Formica Color: Ebony 9012 See Details PL-2 Plastic Laminate Manufacturer: Formica Color: Neutral Weft 5875 See Details
Office 110
Office 108
Office 124
Office 125
CPT-2
CPT-2
CPT-2
CPT-2
Office 109
CPT-2
CPT-1 P-1 RB-1
Typ. Typ.
Office 106
Break 126
Typ.
Office 107
VCT-1 Vinyl Composition Tile Manufacturer: TBD Style: TBD Color: TBD Size: 12 x 12 To be used where indicated.
CPT-2
CPT-2
Copy/Mail 128
Office 105
RB-1 Rubber Base Manufacturer: Johnsonite Style: 4" Cove Color: 48-Gray To be used throughout.
Drop In 127
CPT-2
Conference 2 129
Office 104
CPT-1
CPT-2
Reception 100
IT 130
VCT-1
LVT-1
Office 103
Conf. 1 131
Office 102
Office 101
CPT-2
CPT-1
CPT-2
CPT-2 23
36
35
34
33
32
31
30
29
28
27
26
25
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22
21
20
19
18
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11
10
09
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07
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05
04
03
A.
REFER TO SHEET A201 FOR FINISH LEGEND AND S FINISH PLAN IS NOT REPRESENTATIVE OF ALL FINI DETERMINE AVAILABILITY OF ALL MATERIALS DUR BIDDING AND PRICING PHASE. BRING ANY DELIVE MAY CAUSE COORDINATION PROBLEMS DURING T STAGES OF CONSTRUCTION TO THE ATTENTION O ARCHITECT AS SOON AS POSSIBLE. EXTEND ALL FINISHES (INCLUDING PAINT) BENEAT AND AROUND ALL NEW AND EXISTING TO REMAIN CASEWORK, EQUIPMENT, SIGNAGE, ETC. WHETHE INDICATED OR NOT. PROVIDE AND INSTALL RUBBER TRANSITION STRIP RUBBER BASE BETWEEN CARPET. REFER TO SHE FOR FLOOR TRANSITION DETAILS. ALIGN ALL FLOORING TRANSITIONS WITH CENTER DOOR OR FACE OF ADJACENT WALL UNLESS NOTE OTHERWISE. PROVIDE LEVEL 5 FINISH AT ALL DIRECT APPLIED GRAPHIC/FILM WALLS AND MARKERBOARD PAINT
Z
B.
Finish Plan Scale: 1/8" = 1'-0"
1 I-7
Y
11,000 SQUARE FEET
C.
X
D.
W
E.
F.
V
OFFICE 137
OFFICE 144
G.
FLOORING TO BE CPT-01 UNLESS NOTED OTHERW
OFFICE 145
OFFICE 139
OFFICE 140
OFFICE 141
OFFICE 142
OFFICE 143
H.
WALL BASE TO BE RWB-01 UNLESS NOTED OTHER
U
I.
WALL FINISH TO BE PNT-01 UNLESS NOTED OTHER
DROP-IN 138
J.
DOOR FRAMES TO BE PNT-05 UNLESS NOTED OTH
T
K.
GYPSUM BOARD CEILINGS AND SOFFITS TO BE PN UNLESS NOTED OTHERWISE.
1 TYP.
OFFICE 136
1 TYP.
OFFICE 146
S
OFFICE 131
OFFICE 135
OFFICE 134
OFFICE 133
OFFICE 132
GENERAL NOTES 1/8" = 1'-0"
R0
R
2
OFFICE 130
Q
OFFICE 147
OFFICE 124
2" STAINLESS STEEL 4' HIGH CORNER GUARD AT ALL OUTSIDE CORNERS, ABOVE BASE, TYP.
1
OFFICE 126
OFFICE 127
ALIGN FINISHES
2 3
BREAKROOM 125
P
MATCH EXISTING FINISHES
OFFICE 129
OFFICE 148
IT 128
N
OFFICE 123
3
CPT-01
FE
CORRIDOR 149
M
COATS 122
3
CPT-02
COPY/MAIL 102
OFFICE 121
OFFICE 122
OFFICE 117
OFFICE 116
L
LVT-01
HUDDLE 2 113
HUDDLE 1 114
K
RECEPTION 101
OFFICE 104
OFFICE 120
OFFICE 119
OFFICE 118
OFFICE 115
J
1 TYP.
1 TYP.
CONFERENCE 103
OFFICE 105
OFFICE 112
H
G
OFFICE 106
OFFICE 107
OFFICE 108
OFFICE 109
OFFICE 110
OFFICE 111
F
E
Construction specifications are available for test fit and pricing.
D
C
N
B
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A Industry Overview
OE Overview
Team & Timeline
Locations
FINISH PLAN 1/4" = 1'-0" Corporate Support A08
KEYNOTES 1/8" = 1'-0" Customer Pr A0
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rofile
Landlord Relationships
Transaction Timeline
Sample Floorplans
Photos
OE vs. WeWork
357 South McCaslin Boulevard Louisville, Colorado 80027 officeevolution.com
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