The Coven franchise
2026 filing · April 15, 2026GrowingShares sales figures
The Coven at a glance
An inclusive coworking community offering workspace, memberships and events. At the end of 2025 there were 8 The Coven locations in the US, 6 franchised and 2 company-owned.
The business
- Franchisor
- The Coven Franchising, LLC
- The company that sells the franchises
- Current franchisor selling since
- 2022
- 4 years of selling franchises
- Franchisor based in
- St. Paul, Minnesota
- Typical size
- 5,000–10,000 sq ft
What you pay
- Cost to open
- $228K–$410K
- Fee, build-out and opening working capital
- Franchise fee
- $50,000
- Paid once, when you sign
- Royalty
- 8% + minimum
- The greater of 8% of gross sales or $800 a month, paid monthly
- Brand fund
- 2%
- 2% of gross sales
- Renewal fee
- See terms
- 25% of then- current standard initial franchise fee
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2025
- 8
- Franchised and company-owned
- Franchised
- 6
- Company-owned
- 2
- Change in 3 years
- +6
- Franchised locations, 2023–2025
- States
- 3
- Most in Minnesota, Wisconsin and North Carolina
From The Coven Franchising, LLC’s 2026 filing; revenue and net income from its audited financial statements, page 50; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
The Coven among all franchises with the same figure.
| Figure | The Coven | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $319,300 | Costs less than 54% of franchises |
| Franchise feePaid once, when you sign | $50,000 | Higher than 70% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 8 | Fewer than 65% of franchises |
How much a The Coven franchise costs
Opening one The Coven costs an estimated $228,400 to $410,200. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: The Coven Franchising, LLC, 2026 filing, page 1
The Coven franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: The Coven Franchising, LLC, 2026 filing, page 10
Royalty and ongoing fees
| Royalty | The greater of 8% of gross sales or $800 a month, paid monthly. |
|---|---|
| Brand or marketing fund | 2% of gross sales. |
| Tech Fee | Currently, $850 per month |
| Transfer Fee | 50% of then- current standard initial franchise fee |
| Renewal Fee | 25% of then- current standard initial franchise fee |
| Additional Training Program | Not to exceed $500 per day plus other costs and expenses we incur |
| Local Marketing Spend | 1.5% of Gross Sales |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: The Coven Franchising, LLC, 2026 filing, page 11
Other fees as filed, from pages 11–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures The Coven publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: The Coven Franchising, LLC, 2026 filing, page 37
How The Coven compares
Of the 95 real estate franchises on this site, The Coven is the 83rd cheapest to open and the 71st largest by number of locations.
| Figure | The Coven | Typical real estate brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $228K | $69K | $222K |
| Cost to open, high end | $410K | $244K | $477K |
| Franchise fee | $50K | $35K | $40K |
| Royalty | 8% | 6% | 6% |
| Brand fund | 2% | 1.5% | 2% |
| US locations | 8 | 67 | 21 |
| Closed or left per year | 0% | 8.5% | – |
| Shares earnings figures | Yes | 40 of 95 | 2,147 of 3,352 |
Typical is the median across the 95 brands in real estate franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 2 | – | – |
| 2022 | 0 (0) | 2 | – | – |
| 2023 | 2 (+2) | 2 | +2 | 0 |
| 2024 | 4 (+2) | 2 | +2 | 0 |
| 2025 | 6 (+2) | 2 | +2 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2021 to the end of 2025, franchised locations went from 0 to 6 (+6). The earlier years come from the brand's 2024 filing.
Source: The Coven Franchising, LLC, 2026 filing, page 41
2021–2022: The Coven Franchising, LLC, 2024 filing, page 38
Where The Coven locations are
At the end of 2025, The Coven had locations in 3 states. The most are in Minnesota, Wisconsin and North Carolina.
- Minnesota6
- Wisconsin2
- North Carolina1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Minnesota | 4 | 2 | 6 |
| Wisconsin | 2 | 0 | 2 |
| North Carolina | 1 | 0 | 1 |
Source: The Coven Franchising, LLC, 2026 filing, page 42
Who owns The Coven?
The Coven franchises are sold by The Coven Franchising, LLC.
From The Coven Franchising, LLC’s 2026 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: The Coven Franchising, LLC, 2026 filing, litigation on page 9, bankruptcy on page 9
The Coven filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from The Coven Franchising, LLC’s 2026 filing, issued April 15, 2026; the earlier ones below are on record with the NASAA Electronic Filing Depository and the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 15, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
| 2024 filing | – | Minnesota | Locations, 2021–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other real estate franchises
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The Coven is also on these lists: business services franchises.