WEST PALM BEACH, Fla.,
Jan. 16, 2020 /PRNewswire/ -- In a
year where coworking dominated the office space conversation,
Venture X – an emerging, flexible office space provider
renowned for its high-level, boutique hotel-style spaces –
experienced a record-setting year for franchise development. In
2019, Venture X opened its doors to 10 new locations across the
globe while also receiving 29 signed agreements for 61 future
locations, the franchise announced Thursday.
"As we enter into 2020, the popularity of coworking spaces
continues to skyrocket since the beginning of the last decade,"
said Venture X President Jason
Anderson. "Understandably, it makes for an attractive, but
crowded, industry. Prospects want to know how your concept is
different than the competition, and that's where we've really
excelled as a brand. By developing a deep understanding of today's
professionals and what they prioritize in a workspace, we're able
to design a uniquely-tailored, dynamic environment that resonates
with members and owners."
While many new franchisees took advantage of the Venture X
opportunity last year, existing owners also played a part in
opening new and/or expanding existing locations both domestically
and internationally. Venture X expanded its footprint stateside –
opening first-of-their-kind locations in the San Francisco Bay
area, Richmond, Va., Marlborough, Mass., and Farmington, Utah – and also received signed
agreements for international development in Costa Rica and Mexico City. Additionally, Venture X opened
its first locations in the United
Kingdom and Dubai in
2019.
Looking to 2020, Venture X has no plans to slow down –
projecting to open approximately 30 locations by year's end. Target
markets for future brand development include Houston, Atlanta, Los
Angeles and Sydney,
Australia, to name a few.
"At the end of the day, this is another very solid step on a
long, successful journey for our franchise," said Anderson. "Much
like it did 10 years ago, the industry will look very different in
2029. It's imperative we continue to analyze the data and evolve
our concept to meet the needs of everchanging workers. We have the
infrastructure and team in place to make sure we do just that."
Many Venture X franchisees have backgrounds in real estate,
finance, hotels or have experience as landlords. Currently, the
franchisor is seeking single-unit operators, with multi-unit
development offered in the future. The brand's initial franchise
fee is $79,500 with a total
investment cost ranging from $1.1M-$3.4M.
Backed by the powerhouse United Franchise Group – a group of
affiliated, award winning franchise companies and brands – Venture
X has the support needed to grow exponentially, both stateside and
abroad, in the coming months and years.
ABOUT VENTURE X
Venture X is a membership-based,
shared workspace and community that is a blend of boutique hotel
and modern office styles with a high level of design that feels
professional and welcoming. We are designing beautiful spaces and
developing an environment and community that people love coming to
work to every day. Venture X is a member of United Franchise Group,
a group of affiliated companies and brands, and has been recognized
by Inc. as one of the best coworking spaces in the United States.
For more information about the spaces, please
visit www.VentureX.com. For information about franchise
opportunities, please visit www.venturexfranchise.com.
ABOUT UNITED FRANCHISE GROUP
Led by Founder and
CEO Ray Titus, United Franchise Group is home to a
variety of brands, including Signarama, Fully Promoted, Experimax,
Jon Smith Subs, SuperGreen Solutions, Transworld Business Advisors,
Accurate Franchising, Venture X, The Great Greek Mediterranean
Grill and Network Lead Exchange. With over three decades in the
franchising industry and more than 1,600 franchisees throughout the
world, United Franchise Group offers unprecedented leadership and
solid business opportunities for entrepreneurs.
This advertisement is not an offer to sell a franchise. Any
offer to sell this franchise will be made by a Franchise Disclosure
Document and only the following registration by Venture X
Franchising, LLC in any state requiring registration prior to
sale.
In New York: This advertisement
is not an offering. An offering can only be made by prospectus
filed first with the Department of Law of the State of New York. Such filing does not
constitute approval by the Department of Law.
In California: These franchises
have been registered under franchise investment law of the
State of California. Such
registration does not constitute approval, recommendation or
endorsement by the Commissioner of Business Oversight nor a finding
by the Commissioner that the information provided herein is true,
complete and not misleading.
Media Contact: Brian Campbell
Jr., Fishman Public Relations, bcampbell@fishmanpr.com or
(847) 945-1300 x226
View original
content:http://www.prnewswire.com/news-releases/venture-x-reports-impressive-year-end-growth-totals-300988286.html
SOURCE Venture X