Franchising details
About Venture X
Venture X is a contemporary coworking franchise that offers both shared and private office spaces designed to foster productivity and creativity. Its boutique workspaces are thoughtfully decorated by local artists and outfitted with cutting-edge technology, positioning them as ideal environments for entrepreneurs, startups, and growing businesses. Franchisees benefit from the brand’s global presence, combining professional workspace solutions with community-driven atmospheres to create unique, inviting environments tailored to modern business needs.
Each location aims to provide flexible membership options, allowing members access to professional meeting rooms and a vibrant network, fostering collaboration and innovation within local markets.
Market and Opportunities
The UK coworking industry has experienced significant growth, driven by a rising number of freelancers, startups, and small businesses seeking boutique, niche workspace solutions. Venture X targets this expanding market with its modern, community-focused approach, catering especially to small businesses with one to ten employees. Growth in entrepreneurial ventures and remote working trends fuel demand for flexible workspace solutions, presenting strong opportunities for franchisees in major UK cities and select territories.
Venture X strategically selects franchise territories with potential for expansion and encourages interested candidates to connect directly to explore opportunities. By aligning their flexible offerings with market dynamics, franchisees become well placed to capitalize on the ongoing rise in coworking demand across the region.
Franchise Support and Investment
Becoming a Venture X franchisee involves an initial franchise fee of approximately £65,000, complemented by property, equipment, and premises costs, leading to a total investment estimated between £1 million and £1.25 million. Franchisees must also maintain working capital around £300,000 and demonstrate a minimum net worth of £800,000 to qualify.
Venture X offers a comprehensive turnkey package backed by the United Franchise Group, ensuring extensive initial and ongoing support. This includes two weeks of in-house training at the company’s Florida headquarters, on-site training lasting up to five weeks, and ongoing marketing assistance, featuring localized campaigns and cooperative advertising funds. The franchise continues to support its owners with access to an online learning portal, keeping them updated on industry trends and business development strategies.
Franchise costs and details
Training and support
Venture X offers a complete turnkey system with extensive training and ongoing support. Initial training involves two weeks at the company headquarters in Florida, covering management, recruitment, client acquisition, marketing, and advertising. Franchisees receive on-site training for up to five weeks and are supported with localized marketing strategies, PR campaigns, event planning, and cooperative advertising funds. Continuous learning is facilitated through an online portal that provides resources, industry research, and tools to help franchisees remain competitive.
