Cash Investment (Liquid): $ $500,000.00
Minimum Investment: $850,000
Maximum Investment: $3,600,000
Minimum Net Worth: $1,500,000
Franchise Fee: $60,000
Royalty - 6%
Ad fee - 2%
Average # of Employees:
Year Established: 2012
Year First Franchised: 2016
WHO ARE WE?
Venture X differentiates itself from other coworking franchise brands in a number of ways. As you research investment opportunities, you’ll find that different coworking brands have established unique cultures. Some emphasize work (and resemble traditional office buildings with cubicles and fluorescent lighting), while others emphasize play (and include amenities such as ping pong tables).
Venture X has developed a happy medium, and develops beautiful buildings decorated by local artists, fully-equipped with the latest technology. Vertical gardens, water installations, Herman Miller furnishings, and SitOnIt award winning chairs are just a few of the features that make Venture X locations a joy to work in. Our locations feature versatile event space, inviting common areas, spacious patios, and plenty of great spots for coffee breaks. Best of all, the numbers don’t lie: people love what Venture X franchises have to offer!
Venture X hits a sweet spot at the intersection of business and community that will engage people, regardless of age or income. The idea of coworking spaces can be intimidating to newcomers who aren’t sure if the experience is right for them. Venture X locations are comfortable and collaborative, and our members find that it doesn’t take long to feel at home. While Millennials love Venture X, our locations are also popular among older generations who are more accustomed to traditional workspaces. Venture X facilities are inviting and productive spaces for members of all types from a wide range of industries. Our diverse membership profiles create daily opportunities for organic networking, mentoring, and learning across the full spectrum of business. Starting a coworking space with Venture X is a great way to ensure you’re offering valuable services that can’t be found anywhere else.
Venture X offers a unique range of profit centers including:
Community Membership Fees
Membership Fees on Shared Spaces and Private Offices
Conference Room Rentals
Event Space Rentals
Additional Technology Solutions & Services
Our training program is comprehensive and ensures that you have access to the tools that will prove essential for success in your location. We’ll prepare you for ownership by showing you the inner workings of our business model. Once you’ve finished the program, you can expect to feel confident and up to the tasks ahead of you. We’ve also partnered with the Global Workspace Association President and founder of Everything CoWorking to curate an on-going training program.
You will begin your journey as a Venture X franchisee with one week of in-house training at our headquarters in West Palm Beach, Florida. Here, you’ll learn from our experts in a classroom setting. We’ll cover topics like managing your schedule, recruiting and signing new clients, marketing tips, and so forth. You’ll also spend some time in a fully-functioning Venture X location so you can see for yourself how what you’ve learned is applied in real life!
After you complete your initial one week of intensive training in Florida, you’ll return to your location to prepare for your launch. A corporate representative will then come to your location, providing further on-site coworking franchise training and support. We want our franchisees to be able to implement everything they’ve learned, so our expert will work with you for up to five weeks, helping you to ensure that your business is running efficiently.
Our corporate representative will also be there to ensure that everything is going smoothly as you ramp up for your grand opening. They’ll work with our partners (such as world-renowned architecture firm Gensler) to ensure that your location looks great, and that all of the necessary technology is in place and at peak efficiency. With start-up support like this, you’ll be able to open your doors with confidence. In total we will spend another three (3) weeks helping you get ready for your grand opening, and the support doesn’t end there.
We also provide innovative marketing plans that include a multi-channel approach, focusing on your local market, designed specifically to pre-fill as many spaces as possible before your doors even open. You will have a proven, localized marketing campaign created for the specific needs of your market.
Grand opening planning assistance, PR campaigns, online marketing solutions, printed materials and event planning are just some of what you can expect from our in-house marketing team.
After your launch period, the cooperative advertising fund kicks into gear with ongoing solutions to drive traffic to your location, even after your location is full. Other Venture X locations have proven to be so popular that they’ve needed to implement wait lists – we want to help you achieve that same level of exclusivity in your territory.
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