If you’re a real estate developer or other commercial property owner looking to generate real revenue from your investment, we have an investment opportunity for you. With your sizable asset, which may be sitting unused, underused, or underdeveloped, you can invest in a Venture X creative coworking space. The truth is, there are almost unlimited options for the use of your space, but we believe we offer compelling reasons to consider franchising with us, predicated primarily on our experience, trusted business model, and real estate expertise.
As you well know, businesses across the US and around the world have scaled back on real estate holdings to help their bottom line over the past couple of years. And with the dramatic increase in flexible work options, including abundant hybrid and fully remote employment and freelancing, 69% of US businesses have permanently closed offices or severely downsized leases in the last few years. The reality, however, is that many people want a place to work outside of their home, even on an ad hoc basis, meaning there’s a vast opportunity for revenue generation by filling this need. And for what it’s worth, even a trusted source like Entrepreneur lists creative coworking spaces as one of its five ways to leverage your asset!
Generating Revenue as a Creative Coworking Space Franchise Owner
Instead of putting your property on the market, building owners can convert it into a Venture X coworking location. Venture X’s business model is predicated on building out modern, upscale professional environments that fit the needs of individuals and businesses, from startups and freelancers to small businesses, remote teams, and even full corporations. Our lucrative array of solutions includes:
- Private offices
- Shared desks
- Virtual and community memberships
- Meeting and conference rooms
- Event space
- Podcasting bays
- Mail services
Every Venture X location includes a mix of dedicated space for offices and shared desks as well as communal and shared spaces like lounges, at least one cafe, event space, and more. We work with each franchisee to determine the optimal mix based on key factors such as the property’s location and demographic and local industry statistics. This helps ensure that the space is thoughtfully designed both in terms of filling the needs of the widest potential membership base and the usefulness of it for ancillary revenue. These additional revenue streams include non-member use of event space, conference and meeting rooms, podcast studios, and more.
Your Real Estate + Our Flexible Franchise Models = A Lucrative Partnership Success
We think this could be the start of a beautiful relationship.
You’ve got a commercial property and are looking to turn it into a revenue-generating machine.
We’ve got a business model that, among other things, encourages property owners to convert their assets into a creative coworking space with an opportunity to build wealth and profits. Our site requirements mean we can make room for a variety of property options that other franchises simply can’t, and our multiple franchise models mean we’re able to offer flexibility.
- Site requirements: We’ve had great success finding locations with a minimum of 15,000 square feet that are centrally located, easy to access, and near great amenities, which make them attractive to the workers interested in finding a creative coworking space to do their business. We’re also well-positioned to work with real estate and property owners, creating a franchise business partnership that blends your property with our real estate and market analysis pros to create a coworking and shared work space that creates a lucrative business for years to come.
Find yourself thinking this is a great opportunity, but your building is more on the scale of 10,000 square feet? We’ve got a solution for you! In May 2022, Office Evolution joined the Starpoint Brands family in partnership with Venture X, meaning we can offer similar franchise opportunities with the same level of franchise support and training to investors with a smaller footprint.
- Multiple franchise models: To help ensure you’re able to run your business in a way that makes sense for you, we offer traditional single-location options and multi-unit opportunities and have built in oversight flexibility. What does that mean? If you want to continue buying and selling other properties, you can establish a business model that follows our system but leverages a dedicated business manager who can allow you to be a more absentee owner. You can be as hands-on as you’d like to be, and our system allows for that, giving you peace of mind.
You’ve already got a great property – we’ll help you make the most of it with our stellar training and support and proven track record for success. We know how to take an empty building or part of a building and turn it into a revenue-generating business.
Learn more about our conversion opportunities for property owners today!