Venture X Franchise

Co-working spaces

The days of working in a cramped cubicle are over for many people in today s mobile work world. That has led to a rise ofcoworking spacesthat allow for environments that are collaborative, inspiring, and stimulating.By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors, or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.Like other --sharing-- industries, Venture X franchisees simply provide the modern workspace 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.Veteran Incentives 10% off franchise fee#319 in Franchise 500 for 2021. Not in Franchise 500 for 2020.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


It's time to give yourself permission to build your days around what's important to you! You're in Control!
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Please Note: The operators of Venture X, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Venture X website.

How much does it cost to open a Venture X Franchise ?

The investment required to open a Venture X Franchise is between $748,585 - $2,026,210 . There is an initial franchise fee of $79,500 which grants you the license to run a business under the Venture X name.

Individual Franchise Costs

  • Initial Investment:
    $748,585 -
  • Initial Franchise Fee:
    $79,500
  • Royalty Fee:
    6%
  • Advertising Fee:
    1%
  • Term of Agreement:
    20 years
  • Renewal Fee:
    $1K

Expense In-House Third Party
Franchise Fee N/A N/A
Startup Costs N/A Yes
Equipment N/A Yes
Inventory N/A N/A
Accounts Receivable N/A N/A
Payroll N/A N/A

Training
On-The-Job Training: 8 hours Classroom Training: 23 hours

Support
Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform

Marketing
Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app

Venture X Growth History

When did the first Venture X open? 2012
When did Venture X start Franchising ? 2016

Absentee Ownership Allowed Number of Employees Required to Run: 2

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How much money you could make as a Venture X Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Venture X Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$79,500 - $2,026,210
Initial Franchise Fee
$79,500
Royalty Fee
6%
Advertising Fee
1%
Term of Agreement
20 years
Renewal Fee
$1K
Venture X Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Venture X and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Venture X franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.