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Venture X

A Independent brand

Total Investment
$450,000 to $2,000,000+
Cash Investment
$250,000
Minimum Net Worth
$1,500,000
Franchised Units
65+ open

About Venture X

Coworking is the Future of Business.

Like other "sharing" industries, Venture X franchisees simply provide the modern work space and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.

Many business models today are built on this collaborative model including transportation and vacation destination sharing. Venture X is at the forefront of this growing trend. Venture X's unique combination of open space mixed with higher revenue private offices allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location. As the number of freelancers grows, there's been a direct correlation to the growth of the coworking space industry. Even 10 years ago, facilities like ours weren't common, butit's predictedthat there will be more than 30,000 coworking spaces and over 5 million members by 2022! In fact, the number of people who use coworking spaces is growing at a rate of approximately 24% per year. It's estimated that by 2030, coworking spaces will make upapproximately 30%of the U.S. office space market a huge jump from its current standing at 5%. Already in 2019, the amount of coworking spaces in the U.S.has doubledsince 2015. Our own research indicates that there's a growing need for flexible workspaces in a number of territories across the country. For instance, we've found that there's a potential demand for as many as 20 Venture X facilities in the Chicago area alone! With rapid growth like this, you can be sure that there's a need for a coworking space in your area. From virtual offices, to shared desks, to private offices, and conference room packages, we have options for everyone (options that can be scaled as the needs of your business change) www.venturexfranchise.com

Real Estate

Inside Venture X

Established
2012
First Unit Franchised
2016
Franchised Units
65+ open
Company Owned Units
States Registered In
All
Cash Investment
$250,000
Total Investment
$450,000 to $2,000,000+
Minimum Net Worth
$1,500,000
Single Unit Franchise Fee
$79,500
Royalty
6%
Ad
Average Number of Employees
2
Item 19
Yes
Home-Based
No
B2B
Yes
Master Franchise Opportunities
Yes
Veteran Discount
Yes, 10% off inital franchise fee
Financial Assistance Provided
Yes
Site Selection Assistance
Yes
Lease Negotiation Assistance
Yes
Recruiting Assistance
Yes
Cooperative Advertising
Category
Real Estate, Miscellaneous & Unique

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