Investing in a coworking franchise is a great way to start your own business or add to your investment portfolio. Venture X has helped franchisees open many locations, so we’ve developed a thorough investment breakdown covering virtually everything it takes to get started. Here, get a sneak peek at what’s included when you invest in a coworking franchise with Venture X.
The Total Estimated Initial Investment
We estimate that a new Venture X franchise will cost between $850k -$3.6 million. That initial investment includes just about everything you’ll need to open your doors, including:
- Real estate costs
A lot goes into opening a new coworking space business. One of the advantages of working with Venture X is that you can count on us to guide you through the whole process. Not only will our real estate experts help you identify the best location in your area, but our design team will also help you build it out into a collaborative and functional space.
You can also count on us to help ensure you’ve gotten everything you need for your new space, significantly reducing the likelihood of unexpected costs as you work through the pre-opening stages.
The Initial Franchise Fee
When investing in a coworking franchise, this fee is one of the most important costs. It grants you access to the Venture X brand name, allowing you to leverage the strong reputation we’ve built up over the years. That brand recognition is a valuable asset as you’re building your customer base.
Initial and Ongoing Marketing Support
When you invest in a coworking franchise with Venture X, you can count on receiving marketing support throughout the life of your business. Your initial investment includes marketing expenses to draw attention to your grand opening. Not only do we have a cache of marketing materials ready to be customized, our experts know how to create an effective campaign designed to attract the prospective members of your community.
Best of all, as your business grows, you’ll receive ongoing marketing support to keep the momentum going. With our help, you can spend less time on marketing plans and more time focusing on the big picture of growing your Venture X.
We welcome our franchisees to seek out independent financing to cover up to 70% of the investment. Having some extra capital on-hand to nurture your business during its early stages is always a good plan. SBA loans are an attractive option, as they come with flexible repayment options and low-interest rates. Partnering with a well-established business like Venture X can help you stand out to lenders.
Contact Venture X today to learn more about the investment in one of our franchises.