FAQS

OUR FRANCHISEES’ MOST
FREQUENTLY ASKED QUESTIONS

Venture X FAQs

If you’re looking into starting a coworking franchise, chances are you have a lot of questions! We want to make the process as transparent as possible for our franchisees, which is why we’ve put much of our franchise information online for everyone to see. If you’re starting to wonder about the specifics of how to start a coworking business, you’ve come to the right place. Let’s take a look at some of the questions we’re regularly asked by prospective franchisees!

Why is Venture X the Franchisor for Me?
There are many great reasons to choose Venture X, but one of the most compelling is that our business model has already proven itself effective. Since 2012, we have opened more than 30 locations and have signed agreements for more than 100+ locations in more than 30 countries, with more opening their doors all the time.

On one end of the spectrum are conventional office buildings with expensive leases, fluorescent lighting, and drab cubicles. On the other end are play-while-working co-working facilities with amenities like indoor putting greens, beer on tap, and other features that can be distracting to the dedicated professional. Our facilities have to be seen to be believed, designed by world-renowned architects and furnished with the latest in high-end office tables and chairs. Venture X franchises are comfortable and accessible to anyone who’s looking for a flexible place to work.

I'd Like to Know How to Start a Coworking Space Business Within My Budget

Starting any new business requires a significant investment, but a review of our investment page demonstrates that a Venture X franchise requires a significant amount of capital. We don’t just want our franchisees to start any coworking space, we want them to open a facility that gives them the best shot at success. At Venture X, we believe in doing things right the first time, and that sometimes requires a greater investment on the part of our franchisees. Our shared workspaces work well in urban and suburban environments, and the total investment starts at around $1.1 million (before any concessions or financing options), including our modest one-time initial franchise fee of $60,000.

What Will My Role Be as the Franchise Owner?
One of the best parts of franchising with Venture X is that our franchisees can decide for themselves how hands-on they’d like to be. If you’re wondering how to start a coworking space while still having time for yourself, your other business ventures, or your family, our investment opportunity might be just what you’ve been looking for. Many of our franchise owners opt to purchase one or more locations and entrust the day-to-day operations to their professional staff. Other franchisees prefer to be more hands-on and like to be involved in daily management. Whichever option you choose, you should expect to invest time and attention in your new business in its early stages.
Can I Open Multiple Locations?
Yes! Venture X franchisees who opt to purchase more than one location will enjoy significant discounts on their franchise fee. If you’ve been researching how to start a shared office space franchise, purchasing multiple units is a great way to maximize your investment. Our team has plenty of experience getting multiple locations up and running simultaneously, so we can make the process as smooth as possible for franchisees. Alternatively, other franchisees leverage the growth of a single location into the purchase of a second or third. However you decide to go about it, Venture X is there to help you expand your holdings in the coworking space industry.
Why should I buy into a franchise rather than starting my own business?

New business owners spend inestimable time and money establishing the most efficient business model they can. Venture X gives franchisees the resources to hit the ground running.

How much should I expect to invest in my Venture X franchise location?
The exact investment will vary depending on factors like size and location. In total, many of our franchisees spend between $1.1-$3.4 million before any real estate concessions or financing options on their coworking space franchise. Investors should expect to have at least $450,000 in liquid capital to qualify.
Do you offer financial assistance to help me start my franchise?

We don’t offer financial assistance directly to our franchisees, but we can connect you with third-party lenders who may be able to help. We do offer a significant discount on our franchise fee to qualified veterans!

Is there any industry experience required to start a Venture X franchise?
The coworking spaces franchise industry is relatively new, so just about everyone who invests today is somewhat new to the field. We provide our franchisees with comprehensive training, so we don’t require them to come into the business with prior experience. The training consists of one (1) week of in-house training and two (2) weeks of on-the-job training in the field.
How will I keep up with industry trends if I am busy running my Venture X location?

One of the best parts of franchising with Venture X is that we do a lot of the legwork for you! We invest a significant amount of time and money into research and development so that we can keep our franchisees on top of changes and trends in our industry.

I’m interested, but not sure I’m ready to commit. What are the next steps?
Take some time to review our website. Here, we’ve compiled information on many aspects of the investment. If you’re still interested, reach out to us and request a copy of the franchise disclosure document (FDD)! We’ll also set up a time to meet and get to know each other better.

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