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Venture X is a modern work space and community that is inspiring, diverse and collaborative.
Opportunities throughout Australia
Venture X was founded by entrepreneur and real estate investor, David Diamond and his son Brett Diamond.
As a supporter of tech startups, David saw that coworking spaces increased the success of those businesses, while creating a social experience young entrepreneurs desired.
David’s son, Brett, was also inspired by the coworking concept, and in 2012 the two founded Venture X together in Naples, Florida.
The days of working in a cramped cubicle are over for many people in today’s mobile work world. That has led to a rise of coworking spaces that allow for environments that are collaborative, inspiring and stimulating.
According to Knight Frank*, in terms of growth “the coworking sector in Australia is in its infancy, representing only 0.6% of total office stock. With strong demand, however, this is a sector which is here to stay and indeed has exception growth opportunities. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.
Venture X is also an attractive franchise business model. Like other “sharing” industries, Venture X franchisees simply provide the modern work space and members buy private memberships giving them access to open areas or private offices, whichever they prefer.
Many business models today are built on this collaborative model including transportation and vacation destination sharing. Venture X is at the forefront of this growing trend. Venture X’s unique combination of open space mixed with higher revenue private offices allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location. Additional revenue can also be generated from the additional business services that will be provided.
This exciting franchise opportunity begins with a simple discussion. Let’s talk about your future plans and how Venture X might be a part of it. There is no obligation and no immediate decision is required. Give us a call today
Venture X is a modern workspace and community that is inspiring, diverse and collaborative. The way people work is changing, so now is the time to break into this innovative industry.
Technology and innovation through mobile devices, cloud computing and social networking allow people the freedom to work from anywhere at any time. Those trying to launch start-ups, freelancers, and other self-employed individuals want a place that removes them from the distractions of working at home. As a Venture X franchisee, you would provide people with a rich work environment where they can interact with like-minded professionals, brainstorm and connect.
Venture X hits a sweet spot at the intersection of business and community that will engage people, regardless of age or income. Our diverse membership profiles create daily opportunities for organic networking, mentoring and learning across the full spectrum of business.
Venture X offers a unique customer package of benefits including:
Venture X’s unique combination of open space, mixed with higher revenue private offices, allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location. Another potential revenue stream for Venture X franchisees is generated from the additional business services that will be provided at each location.
Like other “sharing” industries, Venture X franchisees simply provide the modern work space, and members buy private memberships, giving them access to open areas or private offices – whichever they prefer. The private memberships will expand to all new locations, giving members immediate access to all locations and all other members. This provides a unique selling position compared to other one-off location concepts.
Many business models today are built on this collaborative concept, including transportation and vacation destination sharing. Venture X is at the forefront of this growing trend.
Venture X is more than just a shared office space. It’s efficient. It’s collaborative. It sparks fresh ideas and fosters collaboration.
Not just for tech companies or start-ups, Venture X appeals to a wider membership base that includes working professionals, freelancers, remote workers and teams from large corporations.
The space itself is a blend of boutique hotel and modern office styles. Venture X features a higher design level than most spaces that lean less professional and more to a juvenile, playful design.
There’s something for everyone at Venture X. Wide open spaces for those who want ongoing collaboration, and private offices for those want a mix. The private offices have solid sound insulated walls with glass toward the open areas to maintain the collaborative culture. Ongoing events focus around social, education and entrepreneurship, helping workers to learn, network and grow their own businesses.
Venture X is a unique coworking opportunity and an outstanding franchise opportunity! It all begins with a simple discussion. Give us a call today, or email for more information.
Potential Venture X franchisees should be careful to consider all financial obligations and expenses.
While this is a phenomenal investment opportunity, in order to ensure a successful launch, you’ll want to secure sufficient funding. Below is an outline of some of the costs you can expect to incur while getting your Venture X franchise off the ground.
Our franchise fee is a standard, set amount of $84,500, based on a number of factors, including: company expenses for grant and acquisition, uniqueness of the business, complexity levels, overall revenue streams, just to name a few.
Readily convertible assets are referred to as liquid capital. This is an important determining factor in whether or not your business will be financially stable after your launch, until you begin to turn a profit. There is a minimum requirement of liquid capital in order to start your Venture X franchise.
As a Venture X franchisee, you can expect to invest approximately $1 Million which does include your $84,500 franchise fee. These costs cover a multitude of expenses such as furniture, appliances, media equipment, rent, insurance and more.
All Venture X franchisees will pay 6% of gross revenue towards royalties. This is a monthly, recurring expense for the life of your business, and covers such items as our ongoing support and other resources provided by the brand and corporate office.
One of the biggest benefits to owning a Venture X franchise is the unparalleled support.
We want to ensure that before your location opens, you are ready to hit the ground running at full speed. Backed by the collective expertise of United Franchise Group’s training staff, Venture X is proud to provide world-class training, helping to hand over a turnkey package to our franchisees.
Our training process is comprehensive and ensures that you have access to the tools that will prove essential for success in your location.
You will begin your journey as a Venture X franchisee with a full week of in-depth training: 3 days at our world headquarters in West Palm Beach, Florida and 3 days at our flagship Venture X location in Naples, Florida.
After you complete your initial week of intensive training in Florida, you’ll return to your store to prepare for your launch. A corporate representative will then come to your location, providing further on-site training.
We also provide innovative marketing plans that include a multi-channel approach, focusing on your local market and is designed specifically to pre-fill as many spaces as possible before your doors even open.
Grand opening planning assistance, PR campaigns, online marketing solutions, printed materials and event planning are just some of what you can expect from our in-house marketing team.
After your launch period, the cooperative advertising fund kicks into gear with ongoing solutions to drive traffic to your location, even after your location is full.
The education and support doesn’t end there! Even after you complete our comprehensive training program, you will have access to an online training portal with useful tools and collaborative systems to help you stay on track. We also provide an in-depth franchise operations manual, based on tried and true practices.
You will be invited to attend various regional meetings and national conventions to keep you abreast of industry happenings.
We understand that you may have questions and concerns before “taking the plunge” into a new franchise opportunity, and we want to make the decision process clean and simple. Below is a list of frequently asked questions from people who have been in your shoes.
|Q||Why should I buy into a franchise rather than starting my own business?|
|A||When you purchase a franchise, you are buying into a proven business model. The trial and error associated with “learning as you go” has been eliminated. As a franchisee you’ll also receive training and ongoing support from industry experts. You won’t have any of that if you’re starting from scratch.|
|Q||How much should I expect to invest in my Venture X franchise location?|
|A||The total investment varies, as you can imagine. Location costs, legal requirements, build-out, equipment, staffing and other factors all play a roll. There is a standard franchising fee requirement, and the rest is variable.|
|Q||Do you offer financial assistance to help me start my franchise?|
|A||Financing options are available for qualifying applicants. The best thing to do is contact us and start a conversation about your future Venture X franchise.|
|Q||Is there any particular industry experience required to start a Venture X franchise?|
|A||There is no specific experience required, although some business sense or related background can only help. Many of our existing franchisees were not experts in their field when they started. Remember, we provide thorough training and ongoing support. Our franchisees are never forced to ‘go it alone’.|
|Q||How will I keep up with industry trends if I am busy running my Venture X location?|
|A||Venture X provides continuous training and support for the life of your business. We have process updates in place to help you keep up with the latest trends in the marketplace.|
|Q||I’m interested, but not sure I’m ready to commit. What are the next steps?|
|A||It all begins with a simple conversation. Contact us today to learn more about this amazing opportunity! Our Venture X franchising experts can answer your questions and address any concerns you may have. There is no obligation and no immediate decision is required.|
*Knight Frank (2017) Culture Clash: Flexible Workspace, Coworkin, & The Future