Founded in 2017 in Minneapolis, Minnesota, The Coven is a coworking franchise committed to building inclusive and community-focused workspaces. It was created by four women—Alex West Steinman, Erinn Farrell, Bethany Iverson, and Liz Giel—who sought to create safe, welcoming environments for professionals of all backgrounds.
The company is currently headquartered in St. Paul, Minnesota. It began franchising its unique model in 2022.
The Coven offers a full suite of services, including coworking desks, private offices, meeting and event spaces, virtual mail services, and access to a thriving digital community.
Its mission is to empower women, non-binary, and trans individuals by providing workspaces that center equity and inclusion. Unlike traditional coworking spaces, The Coven puts community and social impact at the core of its operations.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
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Below are some of
The Coven
key competitors in the
Coworking
sector.
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$372,000
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The Coven provides comprehensive training programs to support franchisees in operating their Communities effectively. Here’s a breakdown of the training provided by the Franchisor:
The Coven provides territory protection to its franchisees under a “Protected Territory” model. Each franchisee operates their Community from a designated location and is granted exclusive rights within a territory that generally includes a population of 100,000 to 300,000 people.
This exclusivity means that The Coven will not authorize another franchise or operate a competing Community within that defined area. While the Protected Territory is exclusive, its exact boundaries and population base are determined by The Coven based on various factors.
The franchise agreement outlines that no other The Coven Community, whether franchised or company-owned, will be permitted within this territory. However, the franchisor retains the right to operate and market outside the protected boundaries, allowing for broader brand activity beyond the local exclusivity.
The Coven offers co-working spaces designed for women, providing a supportive environment for professional and personal growth with community events and resources.
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Office Evolution provides fully equipped, flexible office spaces and virtual office services. Their solutions cater to entrepreneurs, small businesses, and remote workers looking for professional environments.
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SUCCESS Space is a co-working franchise that provides workspace solutions for small businesses and entrepreneurs. The franchise offers flexible office spaces, meeting rooms, and professional services, with support for marketing and operations.
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Venture X offers flexible office space and coworking solutions, providing collaborative and professional environments for individuals and businesses.
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Regus offers flexible workspace solutions, providing shared offices, coworking spaces, and virtual offices for individuals and businesses.
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Intelligent Office offers virtual office and flexible workspace solutions, providing professional addresses, meeting spaces, and administrative support.
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