The Coven
The Coven Franchising, LLC offers franchises for the development and operation of 'The Coven' communities, providing an inclusive network of co-working and private workspaces, along with related services and products. The business model centers on franchisees using the franchisor's proprietary system, formats, designs, standards, and the 'The Coven' mark to serve the growing hybrid work market. It specifically targets women, non-binary, and trans individuals, emphasizing belonging and diverse representation in a coworking industry traditionally geared toward startups, tech companies, and men.
Franchise Costs
8% royalty (greater of 8% Gross Sales or $800/mo) + 2% marketing fund + $850/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: Financial performance representation data is based on 1 fully operational and representative franchised community. The FDD also presented detailed financial performance from 2 company-owned predecessor communities, which the franchisor states are representative of franchised communities.
* Average gross revenue is based on the total gross sales of the single fully operational and representative franchised community ($185,158) for the 2024 calendar year. No expense or profit data was provided for franchised units. Financial performance information for two company-owned predecessor communities was also presented, adjusted to include hypothetical franchisee expenses (royalties and marketing fund), and stated to be representative of franchised communities; however, these figures were excluded from average calculations per instructions to ignore company-owned units if franchise data exists.
Extracted Item 19 Section
How The Coven Compares
Key Insights
- Higher investment than 88% of Business Services franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
The Coven Current | $213K – $465K | $50K | 8.0% | 4 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K – $380K | $100K | 10.0% | 2,286 |
Business Services Average 188 franchises | $118K – $284K | $46K | 10.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 188 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
Franchisee Contacts
5 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
5 Contacts Available
Unlock all The Coven franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a The Coven franchise ranges from $213,400 to $465,200. This includes a franchise fee of $50,000. Ongoing royalty fees are 8.0% of gross sales.
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