There are many great reasons to choose Venture X, but one of the most compelling is that our business model has already proven itself effective. Since 2012, we have opened more than 70 locations in 7 countries, with more opening their doors all the time.
On one end of the spectrum are conventional office buildings with expensive leases, fluorescent lighting, and drab cubicles. On the other end are play-while-working co-working facilities with amenities like indoor putting greens, beer on tap, and other features that can be distracting to the dedicated professional. Our facilities have to be seen to be believed, designed by world-renowned architects and furnished with the latest in high-end office tables and chairs. Venture X franchises are comfortable and accessible to anyone who’s looking for a flexible place to work.
Starting any new business requires a significant investment, but a review of our investment page demonstrates that a Venture X franchise requires a significant amount of capital. We don’t just want our franchisees to start any coworking space, we want them to open a facility that gives them the best shot at success. At Venture X, we believe in doing things right the first time, and that sometimes requires a greater investment on the part of our franchisees. Our shared workspaces work well in urban and suburban environments, and the total investment starts at around $340,750 (before any concessions or financing options), including our modest one-time initial franchise fee of $79,500.
Yes! Venture X franchisees who opt to purchase more than one location will enjoy significant discounts on their franchise fee. If you’ve been researching how to start a shared office space franchise, purchasing multiple units is a great way to maximize your investment. Our team has plenty of experience getting multiple locations up and running simultaneously, so we can make the process as smooth as possible for franchisees. Alternatively, other franchisees leverage the growth of a single location into the purchase of a second or third. However you decide to go about it, Venture X is there to help you expand your holdings in the coworking space industry.
New business owners spend inestimable time and money establishing the most efficient business model they can. Venture X gives franchisees the resources to hit the ground running.
The exact investment will vary depending on factors like size and location. In total, many of our franchisees spend between $340k-$3.3 million before any real estate concessions or financing options on their coworking space franchise. Investors should expect to have at least $250,000 in liquid capital and a $1 Million net worth to qualify.
We don’t offer financial assistance directly to our franchisees, but we can connect you with third-party lenders who may be able to help. We do offer a significant discount on our franchise fee to qualified veterans!
The coworking spaces franchise industry is relatively new, so just about everyone who invests today is somewhat new to the field. We provide our franchisees with comprehensive training, so we don’t require them to come into the business with prior experience. The training consists of one (1) week of in-house training and two (2) weeks of on-the-job training in the field.
One of the best parts of franchising with Venture X is that we do a lot of the legwork for you! We invest a significant amount of time and money into research and development so that we can keep our franchisees on top of changes and trends in our industry.
See what it takes to open your own Venture X—download a free industry report or chat with our team on a no-pressure call to learn more.