About Venture X

OUR BEGINNINGS

Venture X began in southwest Florida in 2012 with the first location in Naples. Opening its doors to meet the needs of not only small businesses, freelancers and tech startups, Venture X set out to develop a vibrant community, populated with business professionals from many industries. With a diverse and varied membership, Venture X hosts successful businesses that can expand in place, as well as large companies and corporations that like the availability of optional workspaces for their remote teams.

WHAT DO WE OFFER?

Venture X provides flexible, upscale, well-designed office environments

With coworking spaces replacing traditional office environments, what sets Venture X apart from the growing number of flexible workspace options cropping up all over the globe? Unlike other flexible workspaces with their whimsical fusion of networking and uncharted possibilities, Venture X is geared towards the established business professional looking for upscale surroundings at locations that are dressed for success.

Our contemporary, design-forward spaces offer a motivating place to not only launch your business but to grow your business and expand your brand. At Venture X, we focus on creating engaging, motivating work environments for professionals and entrepreneurs that inspire our diverse membership to collaborate.

Venture X is also unique in that our spaces are owned and operated by local entrepreneurs, just like you. We understand your market and are here provide an environment that will gear you for success.

Venture X President Jason Anderson says, “Venture X is unlike any of the other workspace concepts out there. We consistently focus on quality and our value-added offerings are the cornerstone of the membership experience.”

OUR EXPANSION

In 2016, Venture X began franchising as part of United Franchise Group (UFG). Headed by CEO Ray Titus, UFG is an award-winning business-to-business group that specializes in personalized business services. In 1987, UFG began its franchising success with Signarama in Farmingdale, NY. Now one of the world’s most recognizable signage companies, Signarama franchises are located in 62 countries. Other UFG success stories include Fully Promoted, Experimax, Jon Smith Subs, Transworld Business Advisors, Accurate Franchising, and The Great Greek Mediterranean Grill. Today, United Franchise Group boasts 1,600 franchisees globally. With more than 30 years offering outstanding leadership, UFG excels in creating the substantial business opportunities that entrepreneurs need to succeed.

COWORKING IS THE FUTURE

Coworking and flexible workspace opportunities have dramatically changed the way people work. In recent years, more and more individuals and companies are choosing to take advantage of the savings and benefits associated with flexible workspaces. Moving right into a fully functioning office space in a business-savvy neighborhood that is complete with everything you need to grow your business allows you to focus on your core business without the distraction and expense of office setup costs and maintenance. With flexible workspaces, built-in amenities, current technology and a place you like to come to work to every day, more established and medium-size companies are looking for spaces like Venture X to call home.

Company Founded

2012

Current Leadership

Jason Anderson, Brand President

Started Franchising

2016 (5 years)

Total Number of Units

35 (as of 2020)

Part-Time / Full-Time

Full Time

How Much Does It Cost To Open A Venture X Franchise?

There are several costs associated with opening a Venture X franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Venture X franchise. The weekly fee for opening a Venture X franchise is Royalty Fee Is Due On The 10Th Of Each Month.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Venture X Is Renewable) and does the franchise offer financing support (Venture X Venture X has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, accounts receivable, payroll).

Venture X Company Details

Here are some additional details about Venture X.

Parent Company United Franchise Group
Initial Investment $60,000
Net Worth Requirement $1,500,000
Veteran Incentives 10% off franchise fee
Royalty Fee 6%
Ad Royalty 2%
Cash Requirement $500,000
Term of Agreement 35 years
Absentee Ownership No
Run from Home No
Part Time No

Training and Support Offered By Venture X

Venture X offers several support options to its franchisees. With 35 (as of 2020) units, Venture X aims to provide support to each franchise owner to help them operate a successful franchise location. Venture X offers 8 hours on the job training, 32 hours classroom training, and No additional training.

Training and Support Offered

Here are the support options offered by Venture X.

On-The-Job Training 8 hours
Classroom Training 32 hours
Additional Training No
Ongoing Support
  • Purchasing Co-ops
  • Newsletter
  • Meetings & Conventions
  • Toll-Free Line
  • Grand Opening
  • Online Support
  • Security & Safety Procedures
  • Lease Negotiation
  • Field Operations
  • Site Selection
  • Proprietary Software
  • Franchisee Intranet Platform
Marketing Support
  • Co-op Advertising
  • Ad Templates
  • National Media
  • Regional Advertising
  • Social Media
  • SEO
  • Website Development
  • Email Marketing
Estimated Revenue Less than $1M

Is Venture X Right For You?

Venture X has gone digital! Here are all of the ways you can find Venture X online. Oftentimes, you can reach out to current franchisees of Venture X online. Current franchisees may be able to offer personalized insights into what it is like owning a Venture X franchise and offer tips to running a successful Venture X franchise location.

Social

Why Should You Start a Venture X Franchise?

Investing in a Business Services franchise such as Venture X can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Venture X franchise and we'll be in touch soon!

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