FranchiseVerdict
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FV-02131·STRONGExcellent91

Regus

OtherFranchising since 2018Website
Investment
$721K – $1.6M
89th pct Other
Avg revenue
$987K
30th pct Other
Royalty
6.0%
17th pct Other
Units
962
96th pct Other
SBA default

Bottom line

  • Total investment $721K – $1.6M including a $20K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $987K/year (median $937K). Estimated payback in 5.9 years.
  • Rated STRONG with a risk score of 52/100.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
RGN-USF, LLC
Parent company
Franchise International GmbH
Incorporated in
Delaware
HQ
15305 Dallas Parkway, 12th Floor, Addison, TX 75001
Auditor
EisnerAmper LLP
Audited financials
Franchisor revenue
$843K
vs $924K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Regus unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $986,640
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $721K–$1.6M
Working capital
$
FDD reports $50K–$75K

Unlevered ROIC · per unit

12%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$148K
EBITDA margin
15.0%
Total invested
$1.2M
Payback
98 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Regus units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.6M

on $7.9M purchase

Total debt

$6.3M

SBA $3.9M + senior + seller note

Overview

About

Regus franchisees operate flexible workspace facilities—shared office spaces, meeting rooms, and virtual office services—leasing furnished office suites to small businesses, startups, and remote workers on hourly, daily, or monthly terms. Day-to-day operations involve facility management, client acquisition and retention, space allocation, and administrative services.

CEO
Jeff Doughman
Founded
2016
FDD year
2025
States available
6

Item 7 · what it costs

The Vitals

Total investment
$721K – $1.6M
All-in to open one unit
Liquid capital
$50K – $75K
Cash you must have on hand
Franchise fee
$20K
Royalty
6.0%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
5.9 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$987K
Per unit, per year
Median gross sales
$937K
Item 19 type
Gross Revenue and Expenses
Sample size
456 units
vs category median 20 · large
Range (low → high)
$366K$2.5M
Cohort dispersion
Transparency
10 / 5
vs category median 3 / 5 · above
Revenue rank30th
vs Other peers
Investment cost rank89th
Lower investment ranks lower (better)
Royalty rate rank17th
Lower royalty = lower percentile (better)
Unit count rank96th
vs Other peers
Risk score rank18th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
962
Opened
6
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
952
Corporate units in the system
% franchised
1%
vs corporate-owned
Net growth (yr3)
+150.0%
Net unit change last year
3-yr CAGR
+150.0%
Compounded over last 3 years
2023
10+166
Franchised units
2024
4
Franchised units
2025
4
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

52
Risk · 0-100
STRONG52 / 100

Regus presents moderate-to-cautionary risk: hypergrowth metrics mask uncertain unit quality, modest profitability relative to capital requirements, and lack of financial disclosure transparency.

Score breakdown · what drove the 52 / 100 rating

  1. 01MINORExplosive 150% YoY unit growth is unsustainable and suggests potential quality control issues, franchise oversaturation, or aggressive recruitment masking underlying problems
  2. 02MINORHigh initial investment ($720k-$1.5M) combined with modest net margins (19.4% of revenue) creates significant breakeven timeline and cash flow risk
  3. 03HIGHNo disclosed litigation is unusual for a 962-unit global franchise; lack of transparency raises questions about hidden disputes or franchisee satisfaction issues
  4. 04MINORFranchise fee ($20k) appears artificially low relative to investment size, suggesting reliance on ongoing royalties rather than sustainable unit economics
  5. 05MINORRevenue average of $986.6k varies significantly across 962 units globally; absence of Item 19 financial performance data prevents validation of sustainability claims

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Building
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Delaware

Item 11

Training & Operations

Classroom training
0 hrs
On-the-job training
240 hrs
POS system
Titan
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

23 numbers

Locked
(503) 378-••••
OR
(916) 445-••••
CA
(808) 586-••••
HI

One-time purchase · CSV download · Validation questions included

FDD download

Regus · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above