5 Things You Didn't Know About Regus
Regus is a flexible workspace business that allows “people and businesses to work where they want, when they want and how they want”. Founded in Brussels in 1989, Regus has picked up an idea that has been around for a long time and taken it one step further, to give professionals high-quality, full-furnished spaces in which to work. This Switzerland-based franchise has seen huge successes and now provides office spaces across the world.
Flexible office space is primarily used by freelance workers and travelling business people but can also be an affordable alternative to privately owned commercial premises. Regus could be a profitable franchise opportunity in the B2B sector, so let’s take a look at five things you might not know about the business.
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1. It is an industry leader. This means that it has the largest network of workspaces and co-working spaces in the entire world. Currently, Regus operates 3,300 sites in 1,100 towns and cities across 110 countries. What’s more, the brand is keen to boost its current customer base of approximately 2.5 million people by introducing even more locations across the UK. Regus knows what it is doing; its parent company IWG has been managing workplaces for over 30 years and catering for all kinds of entrepreneurs, including multi-billion-dollar companies.
2. It belongs to an industry that is growing. What could be better than being an industry leader? Being an industry leader in an industry that is growing – rapidly. Business people are increasingly turning to flexible offices to find the solution to workplaces problems. Regus can offer numerous advantages to individuals and whole teams. Individuals who feel lonely and distracted working at home can find focus and community at Regus’ offices, and benefit from a business address and telephone number and access to meeting rooms, boosting their professionality in the eyes of business contacts. Regus can also offer businesses an attractive alternative to dull and uninspiring premises that they are tied to for a fixed amount of time. These advantages are increasingly being recognised by the working population. In fact, 64 percent of companies are considering the use of flexible workspaces in the next three years (EMEA Study, 2018) and it is estimated that flexible offices will make up 30 percent of large businesses’ real estate by 2025 (Flexible Space Report). The popularity of this sector is only going to increase as workers demand more flexibility in working locations and hours.
3. It is simple and easy to use. Regus takes care of all the details and understands that time is precious for ambitious entrepreneurs. That’s why clients can tailor their membership package to suit their own needs. Memberships vary in price from £84-£188 per month, depending on the type of workspaces that users would like to use and how often they need access to them. Workspaces include lounge, office and co-working spaces, allowing clients to work alone or among other individuals. What’s more, it is easy to select your membership package and preferred options on the MyRegus app. Once this is set up, clients can quickly book workspaces on-the-go, organising locations for international business meetings or a quick stopover to get some work done whilst travelling. Regus encourages its clients to discover the simplicity of its dedicated app by offering a 10 percent discount on any room bookings made using it. Regus even strives to accommodate prospective users, allowing those interested in Regus to book a tour of a local workspace at a time that works for them. All these factors combine to simplify life for Regus clients, giving them the time to concentrate on growing their business.
4. It provides a truly flexible service. Flexibility is at the heart of this business and it offers a huge range of different options so that clients maximise their work efficiency. Regus operates workspaces in convenient locations such as airports, railway and service stations and other public buildings in busy town or city centres. These can be used for a myriad of purposes, including meetings, pitches, presentations, interviews and training. The workspaces can be customised for the particular event. Individual workers can either receive their desk on a first-come-first-serve basis or reserve their own desk in advance. For companies, long-term workspaces can grow with the business, making room for an extra person or even an entire team. Clients have the flexibility to select their own timetable and can book the use of a Regus workspace for as little or as much time as they wish, from one hour to unlimited use. Many people opt to use the workspaces for a few days per month or for specific events. Regus even offers informal drop-in meeting spaces, secure WiFi, access to a printer, scanner and photocopier and free tea and coffee. In short, Regus really cares about its user experience, ensuring that customers can rely on a high-quality, professional and – most importantly – flexible service.
5. It offers franchising opportunities. Investors who are interested in starting up a franchise in the B2B industry could benefit from Regus’ decades of experience and unrivalled operational know-how. Franchisees will need to have the financial and organisational capability to open at least five Regus sites over a period of two to three years and be able to identify appropriate locations of over 8,000 square feet in places with high public footfall such as town or city centres. A new Regus franchise will benefit from the successful model that has helped the brand see success across the world and franchisees will be able to use the established Regus systems to help with sales, marketing, CRM, invoicing, inventory management, booking and training. A total investment of £1,000,000 will cover site set-up and training for the franchisee and their team. Franchisees will be supported in site selection and will also receive ongoing guidance with general business operations.
Alice Tuffery, Point Franchise ©
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