A place where businesses launch, develop and grow
A PLACE WHERE BUSINESSES LAUNCH, DEVELOP AND GROW
The coworking franchise industry is relatively new, but rapidly growing. If you’re thinking of starting a new business, ours is a great industry to break into, with plenty of potential for newcomers to thrive. Venture X has experienced massive growth since we opened the doors of our first location in 2012. The efficiency of our business model coupled with our popular concept has led us to become one of the fastest-growing coworking franchises.
OUR SERVICES ARE IN-DEMAND
The face of the workforce is changing as we move further into the 21st century. In the past, location was key to doing many jobs. Professionals needed to be face-to-face with their coworkers and clients to get the job done. Today, a laptop and an internet connection have replaced the need for face-to-face interaction in many professions. This is just one of the reasons for the emergence of the coworking franchise industry.
Venture X provides a valuable service for professionals who don’t work in a regular office, but who need a space to get work done outside of their homes. One group of such professionals is freelancers. The number of freelancers in the United States is skyrocketing, with a growth rate three times faster than the overall workforce. By 2027, it’s expected that freelancers will make up at least 50% of the workforce!
Freelancers enjoy a great deal of flexibility, but report that income predictability is a concern. It’s hard for them to enjoy financial stability when dealing with the ebb and flow of work. That’s where Venture X comes in. Our plans are flexible and can be adjusted depending on what services our clients need at the time. Members can lease a shared workspace a few days a week for an affordable rate but can add more time as needed. This flexibility and affordability make Venture X a perfect fit for freelancers who need a workspace that fits their budget, and a standout in the coworking franchise industry.
COWORKING SPACES ARE TAKING OVER THE WORLD
As the number of freelancers grows, there’s been a direct correlation to the growth of the coworking space industry. Even 10 years ago, facilities like ours weren’t common, but it’s predicted that there will be more than 30,000 coworking spaces and over 5 million members by 2022! In fact, the number of people who use coworking spaces is growing at a rate of approximately 24% per year. It’s estimated that by 2030, coworking spaces will make up approximately 30% of the U.S. office space market – a huge jump from its current standing at 5%. Already in 2019, the amount of coworking spaces in the U.S. has doubled since 2015. Our own research indicates that there’s a growing need for flexible workspaces in a number of territories across the country. For instance, we’ve found that there’s a potential demand for as many as 20 Venture X facilities in the Chicago area alone! With rapid growth like this, you can be sure that there’s a need for a coworking space in your area.
KEY INDUSTRY TRENDS
As the coworking space industry grows, a number of key trends are emerging. Owners and operators of coworking spaces likely find that attention to these trends will help them to attract and retain new business.
One important trend is the central role technology plays in the formation of a coworking space. Some coworking spaces owners who operate on their own invest only in the bare minimum when it comes to technology. As their business grows, they find it hard to keep up when they don’t have the infrastructure to support a larger number of clients. Venture X helps our franchisees start strong by guiding them as they create a technological infrastructure that can handle a large number of clients being “online” at any given time. We also help them to secure technology that will attract clients like “smart” conference rooms and high-end video conferencing equipment.
Another trend to watch is new revenue structures. Businesses like hotels and commercial facilities might find that adding a coworking space to their portfolio is the perfect way to diversify their stream of income. Best of all, Venture X owners are able to further create new revenue streams by adding optional services like mailboxes, event space rental, and conference rooms – an important addition to any coworking space.
Finally, while coworking spaces have always been popular among freelancers, larger corporations are beginning to see their benefits as well. The HSP Real Estate Group observes: “Many large enterprise users like Verizon, Toyota and IBM have realized the benefits of coworking spaces, proving that outsourced, temporary leasing structures are appealing to companies of all sizes, from corporate users to startups and entrepreneurs.” As larger companies begin to utilize coworking spaces more and more, Venture X franchisees can look forward to an even wider pool of potential customers.
These are just a few key industry trends prospective franchisees should be aware of. Of course, Venture X is consistently conducting research and development to keep our finger on the pulse of the coworking industry. With our help, Venture X franchisees can rest assured that they’re meeting consumer demands in their coworking space businesses.
VENTURE X IS KEEPING UP WITH THE PACE
As the coworking industry quickly grows, so too does Venture X. Since 2012, we’ve signed 76 locations in 25 countries with dozens more on the way. The reason for this expansion? Our business model has been shown to work. People all over the world have fallen in love with our brand because of the in-demand services we offer. Our facilities are set up with attention to design and function and offer clients the latest in business technology.
Furthermore, we make it easy for franchisees to manage their single facility or open multiple locations. Whether you’re looking to become an owner/operator with a hands-on role, or an absentee investor who just keeps an eye on the big picture, we have the franchise opportunity for you. We’ve developed a number of support resources that make it easier than ever for you and your trusted staff to keep your business running smoothly. Our team of experts have opened Venture X locations around the world and are highly experienced in getting new facilities off to a strong start. These are just a few of the reasons Venture X has become a leading force in the coworking franchise industry.
Check out the About Us page to learn even more about what makes Venture X stand out in the coworking franchise industry!
Home of Coworking 3.0
Venture X opened its first location in 2012 in Naples, Florida. Since then, we’ve expanded into a worldwide brand with 76+ locations sold around the world, with dozens more on the way! Subscribe to see for yourself why Venture X is taking the coworking office franchise industry by storm.