Community
Franchise research report · reviewed 2025 disclosure data
Researching Community franchise opportunities? Every figure below is cited to the FDD.
The Coven offers individual unit franchises for coworking and community workspaces. Franchisees develop and operate locations providing members with workspace and related community amenities under The Coven name.
Headline figures
Community quick facts
- Is Community a franchise?
- Yes. Community offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 4 franchised and 2 company-owned outlets (2025 FDD, Item 20, PDF p. 38).
- How much does it cost to open a Community franchise?
- The Community Franchise Disclosure Document reports separate estimated initial investments by format: $213,400–$465,200 for total estimated initial investment low (2025 FDD, Item 7, PDF p. 15); $465,200 for total estimated initial investment high (2025 FDD, Item 7, PDF p. 15). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Community initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $50,000 (2025 FDD, Item 5, PDF p. 10). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Community charge?
- The disclosed ongoing royalty is 8% (2025 FDD, Item 6, PDF p. 11). The brand or advertising fund contribution is 2% (2025 FDD, Item 6, PDF p. 11). Other recurring fees are listed in Item 6. Details
- Does Community disclose financial performance (Item 19)?
- Yes. The Community FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 36). Figures apply only to the locations and period each one covers. Details
- How many Community locations are there?
- The FDD reports 6 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 38). Existing locations do not indicate territory availability. Details
- Is Community a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2025 FDD (Item 7) estimates opening costs separately by format: $213,400 – $465,200 (Total estimated initial investment low); $465,200 (Total estimated initial investment high); several initial fee options apply.
- 2Item 19 covers 4 separate groups: other measures for 1 Predecessor-operated Community locations; other measures for 1 Predecessor-operated Community locations; other measures for 1 Predecessor-operated Community locations; other measures for 1 Predecessor-operated Community locations. They are not combined.
- 3Outlets grew by 2 in 2024, to 6 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Community head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2025 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- Total estimated initial investment lowPDF p. 15$213,400 – $465,200
- Total estimated initial investment highPDF p. 15$465,200
Standard single-unit franchise fee
2025 FDD · Item 5 · PDF p. 10
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty rateMain ongoing fee
31 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
4 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Minneapolis Community, a predecessor-operated Community in 2024; Item 19 says data is from Minneapolis and St. Paul communities operated by predecessor The Coven, Inc.
- Period
- Total Gross Sales
- Excluded
- Item 19 p. 35 excludes two current franchise Communities opened in 2024 before a full 12-month period, one small location with limited membership opportunities described as not representative; another Community had $185,158 Gross Sales. Representation draws on the two predecessor-operated locations.
- Method
- Historical information provided by The Coven, Inc.; not audited or reviewed by a CPA.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- St. Paul Community, a predecessor-operated Community in 2024; Item 19 says data is from Minneapolis and St. Paul communities operated by predecessor The Coven, Inc.
- Period
- Other Income
- Excluded
- Item 19 p. 35 excludes two current franchise Communities opened in 2024 before a full 12-month period, one small location with limited membership opportunities described as not representative; another Community had $185,158 Gross Sales. Representation draws on the two predecessor-operated locations.
- Method
- Historical information provided by The Coven, Inc.; not audited or reviewed by a CPA.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Historical 2024 representation for Minneapolis Community, predecessor-operated.
- Period
- 2024
- Excluded
- Item 19 p. 35 stated exclusions and that other current outlet had $185,158 sales.
- Method
- Information provided by The Coven, Inc.; unaudited and not reviewed by a CPA.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Historical 2024 representation for St. Paul Community, predecessor-operated.
- Period
- 2024
- Excluded
- Item 19 p. 35 stated exclusions and that other current outlet had $185,158 sales.
- Method
- Information provided by The Coven, Inc.; unaudited and not reviewed by a CPA.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of Fiscal year ending December 31, 2024 of each year.
2025 FDD · Item 20 · PDF p. 38
Net +4 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2025 Item 7 estimate ($213,400 – $465,200) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 4 to 6 in 2024. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2025 FDD)
- [1]Standard initial franchise fee — Item 5 · PDF p. 10
- [2]Item 19 — Locations counted not stated in the reviewed record — Minneapolis Community, a predecessor-operated Community in 2024; Item 19 says d… · PDF p. 36
- [3]Item 19 — Locations counted not stated in the reviewed record — St. Paul Community, a predecessor-operated Community in 2024; Item 19 says data… · PDF p. 36
- [4]Item 19 — Locations counted not stated in the reviewed record — Historical 2024 representation for Minneapolis Community, predecessor-operated. · PDF p. 37
- [5]Item 19 — Locations counted not stated in the reviewed record — Historical 2024 representation for St. Paul Community, predecessor-operated. · PDF p. 37
- [6]Outlet counts — Item 20, Table 1 · PDF p. 38
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | cash | $24,889 |
| 2024 | royalty fees | $31,054 |
| 2024 | franchise fees | $17,915 |
| 2024 | net cash from operating activities | -$2,975 |
| 2024 | due to/from the coven, inc. | -$84,373 |
| 2024 | deferred revenue | $25,000 |
| 2024 | total current liabilities | $25,000 |
| 2024 | long-term liability, deferred revenue | $201,252 |
| 2024 | total liabilities | $226,252 |
| 2024 | member's deficit | -$756 |
| 2024 | other fees | $6,402 |
| 2024 | late fees | $6,783 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.