Venture X

Venture X franchisees 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. 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.
Backed by the support of franchising giant, United Franchise Group, we are dedicated to the success of each Venture X franchisee. There are systems in place to provide world-class training, operations and marketing support. Our professional staff will provide comprehensive training, market launch expertise and ongoing collaboration and assistance, ensuring that your location gets the attention it deserves to get off the ground and grow successfully.
WHY Venture X?
Absentee Ownership.
One of the first brands in co-working space industry.
Low overhead and recurring revenue structure.
OUR IDEAL FRANCHISEE
Positive
Energetic / Passionate
Coachable
Goal Oriented
Self-Motivator
AVAILABLE MARKETS
US markets available: All except noted below
HOT Regions/Desirable: All
NOT available: None
Available in Canada: Yes
International Referrals: Yes
BACKGROUND
Year founded: 2012
Year Franchised: 2017
Number of franchises currently operating: 50+ (135 units sold).
Number of corporate owned franchises: 0
Home Based: No
Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: Yes
Average number of employees required: 3
FINANCIAL/TERMS
Franchise Fee: $79,500
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: $380,000 to $3,600,000 (excluding real estate)
Minimum Net Worth: $1,000,000
Liquidity(cash, stocks, bonds) requirement: $250,000
Royalty: 6%
Additional fees:
Financial assistance available: Yes
VetFran program: Yes
SUPPORT & TRAINING PROVIDED
Training and support program details:
5 weeks: 2 weeks at corporate headquarters, 3 weeks at franchise location
Lodging and airfare included: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
***Commissions will not be paid until 3rd party funding has been secured and the franchisee provides a signed lease for the franchise location***
***International Master License Sales – 10% of the Master License Fee
***All commissions are subject to any side letters or contingencies being met
***Any additional units purchased within 12 months of the original location (irrespective of UFG brand) are paid 10% of additional franchise fee collected.
***For food brands, any additional units opened after 12 months must have been agreed upon at initial sale to be paid a commission for the additional units
***Any "Special Offer" only applies to new U.S. sales without any side letters or contingencies to be met ***
Commissions and rates are subject to change without notice
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