At Venture X, we have surpassed more than 100 locations sold, continuing our growth trajectory from last year with a successful first seven months of 2019. Considering the exponential growth of the coworking industry, we’re not surprised our coworking franchise is taking hold and rapidly expanding across the globe.
We have signed 46 agreements across five countries and nine states so far in 2019, all of which come as a result of new franchisees joining the system.
“It’s incredible the strides our franchise has made over the last couple years,” said Venture X President Jason Anderson. “It wasn’t long ago when we were actually describing to prospects what coworking was. The landscape of the preferred workplace setting is changing rapidly, and entrepreneurs around the globe now understand Venture X provides an unparalleled experience with versatile, welcoming spaces that are just as innovative and dynamic as the modern professional.”
International growth plays a huge role in our brand’s development. We are proud to see our coworking franchise gain ground around the world, meeting the growing needs of the international business community. Most recently, we closed on a master license agreement in the U.K. and Ireland with partners Andrew Ross and Tom Foster.
In addition, we have signed agreements in Dubai, Toronto, and Western Australia and deposits are pending in Brazil, New Zealand and France.
Venture X Franchise Expansion in the U.S.
As we continue growing internationally, we are also heavily focused on franchise growth in the U.S. This year, we have inked a number of deals in business hubs throughout the U.S. Those deals include a 14-location deal in Pennsylvania, as well as agreements in Florida, California, Massachusetts, New York, North Carolina, South Carolina, Texas and Virginia.
Never ones to rest on our laurels, we are always looking ahead to the future. We aim to sign additional franchise agreements in various locations by the end of the year.
Specifically, our target markets include international locations, such as Sydney and Melbourne, and domestically in Atlanta, Houston, Los Angeles and San Diego.
And, as part of the franchising powerhouse United Franchise Group, Venture X has the support needed to grow exponentially, both stateside and abroad, in the coming months and years.
Coworking is a rapidly-expanding, thriving industry, and we are thrilled to be among the pioneers in the future of workspace.