SUCCESS® Space™ Gears Up to Open First Locations, Drives Continued Development Nationwide

SUCCESS® Space™ Gears Up to Open First Locations, Drives Continued Development Nationwide

SUCCESS® Space™, a subsidiary of eXp World Holdings (Nasdaq: EXPI), is on track to revolutionize the workforce as we know it.

With the rise of remote working taking the world by storm, SUCCESS Space offers a place for like-minded employees and entrepreneurs to come together under one roof. The first-of-its-kind coworking concept has yielded outstanding growth results in 2022, inking a number of franchise agreements this year that will bring the concept to a number of new markets through the end of this year and well into 2023.

The brand most recently added two new signed agreements to its roster, one with a multi-brand operator in Tampa, FL and a second with two local operators in Northern Virginia. Both locations are currently in the site selection process, with an aim to open their doors to the public by the spring and summer of next year.

Among the first locations opening will be San Antonio and Sugar Land, Texas which are expected to open first quarter 2023. Since the brand’s inception, SUCCESS Space has garnered the attention of community leaders, entrepreneurs and esteemed solopreneurs nationwide. Of the first franchisees to join the emerging coworking concept are Kunal and Sonit Seth, two reputable entrepreneurs who fostered impressive careers in both commercial and residential real estate, and later sought a new business venture local to their Sugarland community.

“Sonit and I are thrilled to join SUCCESS Space as members of their Founders Club. The concept of collaboration and mutual growth has been integral to our career success, and we want to share that sentiment with our city,” said Kunal. “Coworking spaces have the ability to unite diverse professional communities under one roof, making this opportunity so valuable. Together with Sonit and our team, we are excited to provide a unique offering in Sugar Land and create a beautiful space that inspires growth.”

SUCCESS Space is continuing to make a name for itself in the coworking industry, having filled its Founders Club with a dynamic group of franchisees opening 12 locations from coast to coast. The brand aims to sign on several more locations by the end of Q4, officially rounding out the brand’s successful first year in franchising.

“Our Founders Club is made up of seasoned professionals whose mission and values align perfectly with SUCCESS Space,” said Ted Laatz, president of SUCCESS Space. “Our first group of franchise partners are committed to strategically growing alongside our brand to build what we expect to become the nation’s leading coworking concept. As an emerging brand, having dedicated franchisees and a strategic growth plan has allowed us to complete this first phase of our journey at an incredible rate.”

By targeting suburban retail areas, SUCCESS Space supports professionals closer to home and meets the various needs of entrepreneurs with business support resources traditionally reserved for large companies. This revolutionary coworking concept offers pay     -by-the-minute office space, giving local businesses and professionals the power to access offices on an as-needed basis in both short-term and long-term capacities. These innovative environments facilitate conversation and collaboration among communities by offering certified coaching services as well as contemporary event space designed to bring local professionals together. Each location offers access to its own metaverse, which gives professionals from all over the world an online platform to connect outside of a physical location. Whether its users are meeting for business, coffee or happy hour, SUCCESS Space is an innovative private space to think deeply, meet together and ideate.

As an emerging franchise concept, SUCCESS Space is expanding nationally with both single and multi-unit franchise operators. Ideal franchisees have a strong vision for how “work” is evolving. SUCCESS Enterprises is looking for smart businesspeople to invest in their local communities who have a background in entrepreneurship, leadership, small business management and retail. Well-capitalized investors and entrepreneurs with investment capital ranging between $454,650 and $776,150 are encouraged to apply.

To learn more about SUCCESS Space and its franchise opportunities, visit successfranchise.com/ or contact Kelli Schroeder, VP of Franchise Development at kelli.schroeder@success.com.

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About SUCCESS Space

SUCCESS Space developed by SUCCESS Enterprises, a subsidiary of eXp World Holdings Inc., is a concept that is revolutionizing the coworking model. Offering highly flexible on-demand rentals, access to onsite professional business coaching, virtual world communication technology, full-service cafes and the backing of the SUCCESS® brand, SUCCESS Space locations are a new kind of coworking solution with a focus on servicing suburban communities. As the leading voice of personal and professional development for nearly 125 years, SUCCESS Enterprises is using the SUCCESS Space business model to complement its mission to enhance the way people collaborate and cowork. For more information visit successfranchise.com

About SUCCESS Enterprises

SUCCESS® Enterprises, a multi-platform media company, is the leader in personal and professional development, offering content, resources and training to inspire, motivate and educate. Its flagship property, SUCCESS® magazine, was founded in 1897 by achievement philosopher Orison Swett Marden. In addition to the printed magazine, companion media properties within SUCCESS Enterprises include SUCCESS.com, SUCCESS Coaching, SUCCESS Space, podcasts, newsletters, digital training courses, and Achievers All-Access, an online platform that further expands resources and training for its members. SUCCESS Enterprises is owned by eXp World Holdings (Nasdaq: EXPI). For more information visit success.com.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about expansion of the SUCCESS® business model; demand for personal and professional development resources; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in eXp World Holdings, Inc.’s (Nasdaq: EXPI) Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

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