David Diamond and his son, Brett, launched Venture X in Naples, Florida, in 2012. When the team created Venture X, they designed a business model that could be duplicated and expanded to other cities. With the success of the Naples Venture X location, the father-son team ruminated on how to expand nationally.
Ray Titus, CEO of United Franchise Group (UFG), approached David and Brett with the idea of a partnership. UFG is a franchising powerhouse that hosts a group of successful franchise brands and provides them with industry-leading resources to take their opportunity to the next level. With that, franchising opportunities within the coworking space business model began in earnest for Venture X.
The partnership has since proved fruitful. Venture X is thriving, with over 130 existing and signed locations in more than 9 countries globally. It’s been our vision since the beginning to provide upscale, flexible workspaces in every major city around the world and enable our members to grow their companies and exceed their business goals.
At the heart of Venture X is our set of core values. We believe in integrity, authenticity, community, sustainability, diversity, inclusion, kindness, and respect. These core values drive our determination to pay it forward, create a positive social impact, and have fun. In this way, we’ve created an environment where our members become part of a community that welcomes collaboration, builds networking opportunities, and continually fuels new relationships for the benefit of all participants.
What Does Our Franchise Model Include?
Venture X offers a unique franchise opportunity in the coworking space. Thanks to our partnership with UFG, we’re able to provide our franchisees with unparalleled industry-leading resources.
UFG is a franchising powerhouse with more than 35 years of experience in the franchise industry. The Group is an internationally successful conglomerate of multiple brands, like Signarama, Fully Promoted, and more, with over 1,4600 franchise locations in more than 680 countries. Because of their vast experience, UFG provides instant symbiotic relationships with other brands and companies in your area, with access to experienced companies to help you build up your market, and provides support from vendors you can trust. If you’re a business-minded individual who is ready to start a new venture in this exciting industry, you’ll gain access to industry-leading resources and a vast network of franchise experts as part of our turnkey investment.
By working with a proven franchise model, we’re able to provide franchisees with a comprehensive investment that’s designed to save them time and money as they get their business up and running. Venture X expends significant resources to ensure that you have the confidence and resources you need to stay ahead of the competition.
For example, we partnered with Vari to provide the design, ordering, and installation of high-quality facility furnishings. This helps franchisees open quicker, while maintaining a streamlined design for all locations.
Additionally, we partnered with JLL, a commercial real estate firm, to break into the fast-growing Dallas-Fort Worth market. JLL helped us thoroughly survey the market for the best location for Venture X.
Our franchise model offers more flexibility so you can run your business in a way that makes the most sense for you. Venture X goes to great lengths to ensure that each of our locations has its own unique culture and that franchisees can choose how hands-on they prefer to be with the business. Additionally, franchisees are free to decide whether they want to make a multi-unit investment right off the bat or grow into their expansion over time. Any way you choose, we’ll be there to help you manage growth in a way that works toward your goals.
What Does Our Unparalleled Training and Support Look Like?
One of the biggest advantages to owning a Venture X is the exceptional franchise training and support you’ll receive. Our training sets you up to hit the ground running at full speed and is backed by the collective expertise of UFG.
The goal of our world-class training and support is to help prepare our franchisees to effectively run their new Venture X location. Initial training for franchisees includes one week of in-house training at our headquarters in West Palm Beach, Florida. In this comprehensive training, you’ll learn from our experts in a classroom setting where we’ll cover topics such as managing your schedule, recruiting and signing new clients, employing marketing tips, and more. You’ll also get to spend some time in a fully operational Venture X location so you can see how the business works in real life.
Once initial training is complete, we’ll get started with start-up support. During this time, a corporate representative will visit your location and provide further on-site training support in community development, operations, and marketing setups.
We’re there for you every step of the way to ensure your business is running efficiently. Our ongoing support includes access to training videos, live webinars, and an in-depth franchise operations manual. The UFG Ecosystem provides you with vendors in your area to help with some of your day-to-day challenges, such as marketing collateral, signage, etc. Our franchisees work collaboratively, and are able to help share knowledge from one location to another, to constantly help the entire platform continually improve. We continually conduct research to stay on top of new trends and changes in the industry and pass along our findings to our franchisees to save them time with keeping current. Additionally, you’ll be invited to attend various regional meetings and national conventions to keep you abreast of industry happenings. UFG puts on a World Expo, where all of the various brands can attend and learn from each other. This opportunity to learn not only about Venture X but also how other local franchises in your area can help to expand your business is a level of support not found in most traditional franchise models.
Ongoing support also includes innovative marketing plans that follow a multi-channel approach. This way, you’ll be focused on your local market and able to pre-fill as many spaces as possible before your doors even open. Our in-house marketing team will provide you with a proven, localized marketing campaign, grand opening planning assistance, PR campaigns, online marketing solutions, printed materials, and event planning ideas. Beyond your opening, we’ll provide you with ongoing solutions to help you continually build on driving traffic to your location.
How Does Venture X Support the Community?
Venture X knows that without the communities we’re a part of, there wouldn’t be a need for our coworking spaces. That’s why we take the time to give back to the communities that we serve.
We’re proud to be a part of UFG Cares, where we give back not only financially but participate actively in our local communities as well. We’re also involved in Place of Hope, a faith-based, state-licensed organization that offers housing and support services to children, youth, and families in need.
Venture X supports community organizations at the local franchisee level. To us, it is a lot more impactful and beneficial for the locations and their members to support local organizations that the local members, staff, and franchisees truly care about.