The Coven

$CVNXF500 #501
CategoryBusiness Services
SubcategoryCoworking Spaces
ParentThe Coven, Inc.
Founded2017
Completeness26/34 (76%)
Years in Business8
Began FranchisingOctober 2022
HQSt Paul, MN
Executives10
Main Phone(651) 207-6979
FDD IssuedApril 15, 2026
Last UpdatedMay 20, 2026
FDDs2026 · 2025 🔒
Franchisor

The Coven Franchising, LLC grants franchises for the operation of The Coven® Communities, offering an inclusive network of workspaces and other related services and products.

The Coven Franchising, LLC is a Delaware limited liability company formed in 2022, with key executives including CEO Alex West Steinman, Treasurer Bethany Iverson, and President Erinn Farrell. The franchisor operates under The Coven, Inc., which has been in business since 2017.

The Coven Franchising, LLC grants franchises for the operation of The Coven® Communities, offering an inclusive network of workspaces and other related services and products.

Founder Level · $19/mo

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See Item 19 unit revenue, fees and startup cost, financial strength, unit growth, survival rates, the executive team, and the full FDD — plus every other brand on FranDeals.

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Inside the full scorecard
FranDeals Score
34-box data-completeness and quality rating
🔒 Founder
Franchisee Health Score
Operator-side financial health signal
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Fees & Investment
Franchise fee, royalty, total startup cost (Items 5–7)
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Financial Strength & Stability
Current ratio, debt/equity, ROE, margins (Item 21)
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Item 19 — Financial Performance
Average unit revenue, revenue spread, payback
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Unit Count & Growth
Systemwide units and multi-year growth (Item 20)
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Outlet Trajectory
Openings, closures, survival & turnover rates
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Executive Team
Officers and directors (Item 2)
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Franchisee Roster
Current and former franchisee operators
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Litigation & Disclosures
Item 3 legal matters, Item 4 bankruptcy
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News & Peer Comparison
Recent signals and category benchmarks
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