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General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

S2303

Year of Founding

2015

Fees

Marketing Fee

2%

Royalty Fee

6%

Franchise Fee

$60,000-$60,000

Investment Range

$361K-$3.61M

Location units

Total U.S. Locations

39

U.S. Franchised Units

39

U.S. Corporate Units

0

Headquarters (City)

West Palm Beach

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2016

Issuance of FDD Data

04/13/2021

What to know about Venture X franchise?

The Company sells franchises that allow the purchaser to establish and operate a Venture X co-working office and meeting room facility ("Venture X Space"), featuring a blend of boutique hotel and modern office styles and décor and which is built out with co-working workspaces or workstations in collaborative, open areas, private offices, conference rooms, reception area, lounge, full kitchen, meeting rooms and sophisticated technology.

Venture X is based in West Palm Beach, FL. Scroll down to learn more!

How much does a Venture X franchise cost?

Are you wondering how much is a Venture X franchise? Before starting a Venture X franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Venture X franchise is $360,590 and can go all the way up to $3,605,210. Keep in mind, you should also allocate additional funds to live off of while the Venture X business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Venture X franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Venture X business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Venture X franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Venture X. Hotels to the Business Support, Outdoor Professional Business Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2018 2 9 0 11
2019 11 13 0 24
2020 24 15 0 39

Additional Details

How much does a Venture X franchise owner make?

Venture X franchise earnings and revenue can vary significantly from one franchisee to another.
The Venture X franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Venture X discloses financials at the unit level. In other words, they show how much Venture X franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Venture X franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Venture X. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Venture X owners were making.

Visit the Venture X metrics tab to explore the financials for this business.

What is the Venture X franchise fee?

Owning a Venture X franchise requires 6% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Venture X Franchise Disclosure Document

Keep in mind, there is also an initial Venture X franchise fee of $60,000 that is included in the initial investment amount of $360,590 to $3,605,210. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Venture X franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Venture X franchise fee of $60,000.

Visit the Venture X metrics tab to explore the financials for this business, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Venture X founded?

Venture X started offering franchises in 2016. Venture X was founded 7 years ago in 2015.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Venture X locations are in the U.S.?

As of 2021, there were 39 locations across the U.S. There are also 0 corporate locations. Most Professional Business Services franchises like Venture X have more franchised locations than corporate locations.

How many Venture X franchises opened over the past few years?

Over the prior 3 years we have data for, Venture X has opened 37 outlets throughout the U.S. Visit the Venture X metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Venture X franchises closed over the past few years?

Over the prior 3 years we have data for, Venture X has closed 0 outlets throughout the U.S

Visit the Venture X metrics tab to explore how the openings compare to other Professional Business Services franchises.

Is Venture X growing? Are they opening more locations than they are closing?

The net unit growth rate for Venture X over the past 3 years is 1850%. Over the last year we have data for, Venture X had a net unit growth rate of 63%.

Without a comparison, this number doesn’t mean much. Compare how the Venture X growth rate compares to 2,000+ other franchises and Industry franchises like Venture X. More info in the Venture X metrics tab.

Is Venture X franchise eligible for an SBA Loan?

Venture X is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Venture X franchise was assigned the SBA Franchise ID of S2303 on 07/18/2016. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Venture X that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Venture X a franchise in the United States?

According to the SBA, Venture X meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Venture X provides you with an FDD if you are in discussion to buy a Venture X.

What is the Venture X Franchise for Sale Rate?

The Venture X systemwide health and franchisee satisfaction can be measured by the Venture Xfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Venture X franchise for sale rate over the past 3 years is 5%. Over the last year we have data for, Venture X had a franchise for sale rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the Venture X franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Venture X. More info in the Venture X metrics tab.

What is the Venture X Franchise Failure Rate?

Venture X franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Venture X failure rate over the past 3 years is 0%. Over the last year we have data for, Venture X had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Venture X franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Venture X. More info in the Venture X metrics tab.

How can I find out more details on Venture X franchise?

Visit the Venture X metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Venture X

$1,982,900

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Venture X

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Venture X

$60,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2021)

General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

S2303

Year of Founding

2015

Fees

Marketing Fee

2%

Royalty Fee

6%

Franchise Fee

$60,000-$60,000

Investment Range

$361K-$3.61M

Location units

Total U.S. Locations

39

U.S. Franchised Units

39

U.S. Corporate Units

0

Headquarters (City)

West Palm Beach

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2016

Issuance of FDD Data

04/13/2021

Detailed Franchise metrics for Venture X

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Venture X below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Venture X

$60,000

Industry median

All franchises median

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Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Venture X

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Venture X

4%

5%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

2121 Vista Parkway

State headquarters

Florida

Key leadership

Venture X

Phone

+1 (000) 0********00

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City

West Palm Beach

Zip code

33411
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