Our coworking franchise was ranked #319 in the 2021 Entrepreneur Franchise 500 ranking! Since 1979, Entrepreneur has been publishing a list of the top 500 franchises to invest in. It bases its ranking on key factors, including:
- Costs and fees
- Size and growth
- Support
- Brand strength
- Financial strength and stability
We’re proud to have made the Top 500 list, along with a number of other United Franchise Group (UFG) brands. Here, learn more about how Venture X stacks up according to the Entrepreneur criteria.
Venture X Franchise is Steadily Growing
The coworking industry has experienced a rapid growth rate for years, and starting with 2021, is expected to continue doing so at a rate of around 21.3% per year. In fact, the number of coworking spaces worldwide is expected to double from 20,000 today to 40,000 in 2024. Since its inception in 2012, Venture X has similarly been steadily growing. To date, we’ve sold over 120 locations and have provided communities around the world with beautiful, collaborative workspaces.
Part of our financial strength and stability stems from the fact that we’re a part of UFG. UFG has been leading the way in franchising since 1986. It runs numerous successful franchise brands such as Signarama; and has brought that expertise to Venture X. Not only has it helped Venture X gain brand awareness, but it has also made it a favorable coworking franchise investment opportunity.
Venture X Costs and Fees
Every Venture X location features state of the art technology and design. Some buildout is typically required when establishing a collaborative space. With factors like these in mind, we estimate that the cost to open a Venture X franchise will range from $850K-$3.6 million. This estimated total investment includes virtually everything you’ll need to open a thriving Venture X franchise, such as marketing expenses, computer systems, furnishings, and so forth.
Of course, one of the most invaluable things you’ll enjoy as part of your investment is the ongoing support of our team.
Comprehensive Support for the Life of Your Business
Another reason we made the Franchise 500 is that we provide our franchisees with strong support from day one. Venture X goes above and beyond to help franchisees get the most for their investments. We help them scope out the best locations in their community, show them how to find and sign new members, work with them to build out their location, and much more. Once your coworking franchise is up and running, you can count on us to continue supporting you via ongoing training, corporate marketing efforts, and much more.
Contact Venture X today to learn more about why we were selected for Entrepreneur’s 2021 Franchise 500!