No. 1 Global workspace provider, IWG kick-start franchise opportunities in Thailand under Regus, Spaces and HQ brands Offers high attractive cash return and fast payback period as remote work and flexible schedules become the #new normal

Real Estate Press Releases Monday November 11, 2019 16:33
Bangkok--11 Nov--Spark Communications

International Workplace Group (IWG), the world largest provider of flexible workspace solution with over 120 cities and up to 3,400 locations worldwide announced the launch of its new franchise business model in Thailand. This proven franchise strategy will allow driven and committed investors in Thailand to enter the booming flexible workspace industry for the first time ever, with world-class expertise and established system support from IWG's recognized brands. Concurrently, the move will benefit IWG's global network to accelerate expansion and bring in benefits of flexible working to more businesses and professionals in Thailand.

As part of its new program, IWG offers the franchise opportunity as a cluster area development, nationwide, with a minimum of 3 centers. Franchisees will have the right to solely develop their exclusive franchise territory with a preferable option of three different recognized brands (Regus, Spaces, HQ), which are characterized by their unique identities and target customer group. The centre runs at sizes of up to 800 square meters with an estimated initial capital for one centre starting at THB 20 million (USD 700,000) and 15-year term offer.

Most importantly, franchisees will benefit from an attractive fast return on investment, thanks to IWG's proven business model, experienced team for ongoing established infrastructure support, staff training, operation and marketing support, location analysis, center design and much more.

Matthew James Kenley, Head of Partnership Growth at IWG said: "It is truly an exhilarating time for the flexible workspace sector here in Thailand and across the world, as we open up our business to franchise enthusiasts. The coworking and leasable office space scene is expanding at a very fast pace. Thus, this franchise business model offers a slice of the pie for franchisees to join us at this key moment, to capitalize on the explosive growth of the sector. I am positive that our proven and scalable operating model can provide franchisees with a highly attractive return on their investment, as we enter a new era where remote work and flexible schedules stand as the 'new normal' for global businesses and entrepreneurs."

IWG has successful launched its franchise programme in July and August 2019 at the Thailand Franchise & Business Opportunity 2019 and the Thailand Franchise Discovery Day respectively. "We received positive feedback from potential investors, real estate developers, brokers and financial institutions at both franchise events illustrate a strong interest and demand from the Thai market. Thereby, giving us the confidence to expand, as well as providing an opportunity for franchise operators to diversify away from traditional franchise industries. As a global leader, IWG remains committed to building a community of the fast-growing workspace that enables millions of individuals and businesses around the world to work better and more productively." Kenley added.

IWG has been running successful workspaces ever since it founded the industry in 1989. Its proven track record of success in Thailand since 1999, where the company opened its first Regus location. Since then, IWG has expanded to 26 locations in Thailand, that span across 4 major cities. Its operating model is proven, demonstrably successful and can provide partners with highly attractive returns on their investments.

The global IWG franchise team works closely with its franchisees to ensure that all are of the right framework to find the ideal location and design, are able to grow their market footprint backed by world-class operational and marketing support - to their valued franchisees.

To find out more on franchise opportunities with IWG, visit franchise.iwgplc.com, email franchise.sea@iwgplc.com or call (66)86-078-9797.
About IWG, International Workplace Group
IWG believes that business success is underpinned by the effectiveness and happiness of its people. So, they made it their mission to help millions of people have a great day at work – every day.

IWG has drawn upon its 30-year heritage in flexible workspace to create a world leading commercial real estate platform. Its portfolio of operating brands, including Regus, Spaces, Signature by Regus, HQ and No18, offers an unrivalled level of choice for businesses of all sizes and budgets. With over one million workspaces and a presence in hundreds of countries, cities, towns, and transport hubs worldwide, IWG has the world's largest network of flexible workspaces and a full suite of business support services to enable people to focus on their core business and enjoy a great day at work.

www.iwgplc.com

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