United Franchise Group

Coworking Space Franchise Continues Global Expansion in 2019.

WEST PALM BEACH, Fla. — 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 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.

SOURCE Venture X

Funding Solutions Provider Climbs Five Spots to Top of Banking/Finance Category

FORT WORTH, Texas — The nation’s largest and fastest-growing franchise brands have named FranFund, Inc., the No. 1 provider of financing solutions for franchisees. 

FranFund offers funding programs to help franchisees open and expand their businesses ranging from SBA loans and 401(k) business funding to conventional loans and non-traditional solutions, including unsecured loans, securities-backed loans, equipment leasing, and refinancing programs. Rising ahead of established global bank brands, FranFund claimed the top spot on Entrepreneur Magazine’s 2019 “Best in Service” ranking of franchise industry suppliers.

To find out the top suppliers in franchising, Entrepreneur Magazine surveyed hundreds of franchisors — from brand-new companies just jumping into franchising to top-ranked Franchise 500® brands with thousands of locations – to find out which suppliers they do business with and how satisfied they are with them. Suppliers were then scored based on how many franchisors reported using them and their satisfaction ratings. The final ranking consists of the top-scoring suppliers in each of seven categories: accounting, banking/financing, franchise brokers, franchise consulting/development, legal services, marketing, merchant services, other technology services, public relations and real estate services.

“Helping franchisees overcome financing obstacles and realize their dreams of business ownership is gratifying on its own,” said Geoff Seiber, FranFund founder, and CEO. “Knowing that franchisors trust us most to help get their franchisees up and running is truly rewarding. The recognition as their funding partner of choice validates our unique approach and commitment to personalized customer experiences.”

Having been a franchisee himself, Seiber knows firsthand the challenges behind starting and operating a franchise. Through his experiences, he saw a need for proper and specialized funding for prospective franchisees, leading him to found FranFund in 2006. To make funding quicker and easier for its franchising partners, FranFund provides customized, co-branded educational resources that fit seamlessly into their existing process. The company also employs a dedicated Franchisor Relations Team to help franchise systems integrate funding programs – identifying qualified candidates up front to grow the brand more quickly.

West Palm Beach-Based Coworking Franchise Recognized by South Florida Business Journal

MIAMI — Venture X — a global, shared workspace franchise based in West Palm Beach, Fla.— was officially ranked as one of South Florida’s 2019 fastest-growing private companies at the South Florida Business Journal Fast 50 awards presentation last Thursday. President Jason Anderson and several members of the team attended Thursday’s event to accept the ranking as Venture X earned the No. 3 spot on SFBJ’s top companies with less than $25 million in revenue.

Held inside Miami’s Jungle Island, the 2019 Fast 50 awards presentation celebrated a diverse group of private, South Florida-based companies for their achievements in percentage growth over a two-year timeframe. Companies who met SFBJ’s criteria – privately-held, headquartered in South Florida, in business for at least three full years and documentation to support revenue growth – were invited to complete a survey for Fast 50 consideration. Qualifying companies were then divided into two award categories: fastest-growing private companies with less than $25 million in revenue and more than $25 million in revenue.

From 2016 to 2018, Venture X reported an impressive percentage growth of 291.65% during that period.

“It’s exciting to see the continued growth of our franchise earn recognition – right in our own backyard, no less – from such a respected publication like the South Florida Business Journal,” said Anderson. “We’re honored to accept this award, and it just speaks to how much Venture X is standing out in an industry with so much potential. As more and more professionals continue to transition to coworking spaces, entrepreneurs recognize the excellent and unique franchise opportunity we offer.”

The Fast 50 accolade also highlights Venture X’s development so far in 2019. Through the first two quarters, the franchise has received 46 signed agreements and announced last month it has surpassed 100 locations sold. By year’s end, Venture X is eyeing continued development in markets around the globe, such as: Sydney (Australia), Melbourne (Australia), Atlanta, Austin, Houston, Los Angeles and San Diego.

Venture X’s membership-based model has seen rapid growth since its start in 2012, moving even faster in recent years through the power of franchising. With more than 100 signed locations in 26 countries, Venture X is primed to continue rapid expansion in both the United States and abroad. 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 in the coming years.

Many Venture X franchisees have backgrounds in real estate, finance, hotels or have experience as landlords. Currently the franchisor is seeking single-unit operators and multi-unit development operators in a variety of attractive markets. The brand’s initial franchise fee is $79,500 with a total investment cost ranging from $1.1M–$3.4M.

Renowned Workspace Franchise Reaches Major Milestone Following Impressive Q1, Q2

WEST PALM BEACH, Fla. — Venture X – a franchise globally-recognized for its high-level, boutique hotel-style coworking spaces — shared it has officially sold more than 100 locations. This follows a prosperous first seven months of the year in which 46 agreements across five countries and nine states were signed. All 46 come as a result of new franchisees joining the system.

Two factors fueling Venture X’s milestone growth announcement are its expansion internationally and multi-unit development deals, both of which continue to be major focal points for the brand. In fact, as recently as last month, the franchise closed on a master license partnership that will introduce its workspaces to professionals throughout the United Kingdom and Ireland. Additionally, Venture X has signed agreements in Dubai, Toronto, and Western Australia and is pending deposits in Brazil, New Zealand and France.

“It’s incredible the strides our franchise has made over the last couple years,” said Venture X President Jason Anderson. “It wasn’t long ago when we were actually describing to prospects what ‘coworking’ was. The landscape of the preferred workplace setting is changing rapidly, and entrepreneurs around the globe understand Venture X provides an unparalleled experience with versatile, welcoming spaces that are just as innovative and dynamic as the modern professional.”

Sustaining growth stateside has also played a pivotal role in propelling the brand forward. In 2019, the franchise has inked deals in business hubs throughout the United States to join an already strong network of existing franchise locations. States where agreements have been signed include a 14-location deal in Pennsylvania and deals in Florida, California, Massachusetts, New York, North Carolina, South Carolina, Texas and Virginia.

Looking ahead, the brand is aiming to sign additional franchise agreements in various locations by year’s end. Target markets for future development include international locations, such as Sydney and Melbourne, and domestically in Atlanta, Austin, Houston, Los Angeles and San Diego.

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.

“What franchisees love most is the information and quantifiable value we provide to help them make an educated decision. Because of the sizeable amount of industry-related data we’re able to source, we can convey how secure an investment opportunity with a shared workspace franchise is while, in the same breath, showing them the competitive value of Venture X,” said Anderson.

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.

Venture X to Bring Locations to UK and Ireland; Continues to Meet International Growth Goals

WEST PALM BEACH, Fla. — Venture X^®, a global shared workspace franchise, announced today the company has signed a Master License Partnership to bring the brand to the United Kingdom and Ireland. This announcement comes on the heels of Venture X’s successful expansion in the United States, as well as Canada, Australia and 22 additional countries. This expansion will be led by partners Andrew Ross and Tom Foster.

“We are extremely excited to be working with Andrew and Tom to bring Venture X to the UK and Ireland,” said Venture X President, Jason Anderson. “As we seek new international markets for expansion, these markets were a perfect choice, as they are already familiar with the benefits of flexible workspaces, and eager for more options. We know Andrew and Tom’s experience will ensure the success of their development, and we’re excited to announce the specific details of these locations soon.”

Foster and Ross have over 25 years real estate and hospitality experience between them. Together they have built successful hotel, commercial development, student housing and healthcare real estate platforms and are now focused on bringing Venture X to the major business hubs of the UK and Ireland, continuing the impressive trajectory of the brand’s growth globally.

“As Andrew and I began to explore various business opportunities, we were continually being drawn in by flexible workspaces and the value they bring to the modern professional,” said Foster. “We chose Venture X because of the inspiring environment and premium amenities it provides for clients and feel confident the UK and Ireland will respond well to Venture X’s style,” added Ross.

Venture X’s membership-based model has seen rapid growth since its start in 2012, moving even faster in recent years through the power of franchising. With more than 80 signed locations in 25 countries, and a goal to open 21 locations by the end of Q2 2019 alone, Venture X is primed to continue rapid expansion in both the United States and abroad. 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 in the coming years.

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.

Global Coworking Space Company Continues to Expand at a Rapid Pace

PLEASANTON, Calif. — Venture X — the premium membership-based workspace and community for entrepreneurs and businesses — continues its significant growth with the groundbreaking of a new 13,224-square-foot location at 4125 Hopyard Road suite 225.

Franchisee, Larry Cabling, of The MOS Group, signed the lease with Britannia Property Owner, LLC in March 2019. Cabling is fully galvanized to grow this new location into a coveted destination for a variety of progressively minded members.

“We’re seeing a continuing movement away from the traditional office environment,” said Cabling. “This evolution is an important part the workforce future, and we’re committed to being on the innovative front of coworking spaces that facilitate collaboration and creativity.”

Venture X has been expanding rapidly in response to corporations and entrepreneurs in search of modern, flexible workplace solutions. Its welcoming boutique hotel-style services and modern offices appeal to a broad cross-section of businesses and entrepreneurs and provides design-forward workspaces that people love coming to work to every day. This creative workspace solution has caught the attention of entrepreneurs and businesses throughout the nation and around the world.

“We’ve been carving our own path for creative office space solutions, and we’re always looking forward to opening new locations in more cities,” said Venture X President Jason Anderson. “We targeted the Britannia Business Center because of its prime location, and we’re certain it will provide a dynamic area to both work in and entertain.”

Venture X, which is a brand of United Franchise Group, is inspired by boutique hospitality brands where relationships, consistent quality, and value-added offerings are the cornerstone of the membership experience. Venture X attracts a diverse membership of entrepreneurs, creative professionals, freelancers, remote workers, startups, non-profits, small businesses, and large teams from Fortune 500 companies.

Cabling believes that the Venture X “best-in-class” working environment meets the ever-changing demands of corporate clients and professionals in a competitive marketplace.

“We’re excited to join Pleasanton’s entrepreneurial community with a place where members can connect with each other and also meet outside clients, while at the time boosting inspiration on a daily basis and improving their businesses,” added Cabling.

Additional details on workspace options and services are available at venturex.com/plans.

ORLANDO, Fla. — Venture X^® the premium membership-based workspace and community for entrepreneurs and businesses, has announced that its newest facility at 100 E. Pine St. Suite 110, Orlando will hold a grand opening celebration tomorrow, April 4 at 4 p.m. The official grand opening will feature a ribbon-cutting ceremony hosted by the Orlando Regional Chamber of Commerce. This latest opening adds to the brand’s growing presence throughout the state, which includes its first location in Naples, as well as the Palm Beaches, and soon another location in South Miami-Dade County. Plans are to top 100 locations by the end of 2019.

Specializing in elevating the coworking experience across the U.S. and around the world, Venture X, a brand member of United Franchise Group, is responding to the needs of entrepreneurs requiring flexible office space solutions. Its new Orlando 21,000-square-foot facility will be open from 9 a.m. to 5 p.m., Monday through Friday, and memberships will include virtual office, shared desk, dedicated desk, private office, conference room hours, and event space.

“We saw the promise of a great business opportunity and wanted to be a part of the Downtown Orlando community,” said Lindsay Hedrick, co-franchisee and community manager at the Orlando Venture X. “We believe Venture X will be a great fit for Orlando and provide a wonderful business model that supports business growth through networking and flexibility.”

The Central Business District is a best-in-class environment where the demands of a growing business market are met. “We are excited to be on the cutting edge of how today’s business workforce and entrepreneurs envision true flexible office space options,” said Jason R. Anderson, president of Venture X. “The Downtown Business District is a key component for a collaborative, community-driven focus for our Venture X members.”

The Venture X experience is about diverse membership options, each designed for creative professionals, freelancers, remote workers, startups, non-profits, small businesses, and Fortune 500 companies that require upscale satellite offices.

Amenities include concierge-level member services, secure 24/7 access, high-speed business class internet, copiers and other conference technology.

For information, visit https://www.venturex.com/locations/florida/orlando-pine/. Social media channels include Instagram: vx_orlando100pine and Facebook Venture X (Orlando: 100 Pine).

Globally Recognized Coworking Space Franchise Fills Void between Hipster & Formal

WEST PALM BEACH, Fla. — As 21,306 coworking spaces are projected to open by the end of 2019, Venture X^® is emerging as a top-tier player by filling an obvious gap in the exploding shared workspace category – the middle ground between millennial playgrounds and stiff suit-and-tie work environments.

“We designed our shared workspaces to feel modern and professional, a collaborative community where you can get your work done without the distraction of office parties or ping pong tables, but not so stuffy you feel the need to wear a suit and tie,” said Venture X President Jason Anderson. “We continue to grow because we fill a unique demand for warm and welcoming office environments that meet the needs of seasoned professionals.”

Starting off as simple shared office spaces in the 2000s, coworking has since evolved to spacious facilities equipped with ping pong tables and beers on tap, or, on the contrary, exclusive and elitist communities focused on networking. Positioned perfectly between the two, Venture X is focused on ‘coworking 3.0’ – providing smart, professional office spaces with a modern design aesthetic and boutique concierge-style services, allowing entrepreneurs and businesses the flexibility to grow in a diverse, engaged community.

The approach is working. Venture X’s membership-based model has seen rapid growth since its start in 2012, moving even faster in recent years through the power of franchising. With more than 60 signed locations in 18 countries, and a goal to open 21 locations by the end of Q1 2019 alone, Venture X is primed for industry dominance both internationally and domestically. 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 in the coming years.

Anderson, an Air Force veteran whose impressive resume includes key positions at Premier Property Management Group and Chief Technology Officer at United Franchise Group, and being named on Forbes 30 under 30 list, said Venture X has set a goal to have 100 locations open by the end of 2022. The brand already has a strong presence domestically in Texas and is growing its footprint with new locations in Florida and Colorado, as well as internationally in Canada, Europe and across the Middle East.

“From finding the real estate to laying out the design plan for their facilities and providing state-of-the-art software to run their business, Venture X franchisees are supported every step of the way,” said Anderson. “The growing popularity of coworking, combined with the opportunity for recurring memberships, multiple revenue streams and minimal overhead, we’re seeing elevated interested among those who want to invest in our shared workplace franchise. ”

Venture X facilities consist of modern boutique office spaces designed by world-renowned architecture firm, Gensler and features high-end Herman Miller furnishings. Venture X franchisees enjoy the leisure of having all design plans and furniture taken care of, minimizing additional stress and responsibility. In a strategic alliance with essensys, a market-leader in mission-critical software for coworking spaces, Venture X franchisees can leverage comprehensive capabilities that help to onboard and manage customers, maximize occupancy, automate revenue, streamline operations and more. With essensys technology, franchisees experience further ease and support in minimalizing their workload, lowering staff costs, and delivering an excellent customer experience.

Many Venture X franchisees come from backgrounds in real estate, landlords, hotels or the financial sector. 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 $900–$2.5M.

ATLANTA — Venture X^®, a global shared workspace franchise, is rapidly growing in the coworking space by appealing to the modern professional with the brand’s ‘coworking 3.0’ model. The brand will be showcasing its concept to hoteliers as a gold sponsor at the upcoming Hunter Hotel Conference held at the Atlanta Marriott Marquis. The conference, held March 20-22, 2019 is attended by more than 1,500 hotel owners, investors, and industry professionals, and offers a unique opportunity to network with providers and suppliers to the hotel industry.

Venture X has been of increasing interest to hotel owners and operators, with several new locations purchased by hotel property owners. The Venture X brand provides unique synergy with the hospitality industry, with its boutique hotel-inspired design, world-class concierge-level services, rich amenities, welcoming hospitality and brand loyalty. A place members love coming to work to every day, Venture X is included on Inc.’s list of “Best Coworking Spaces.”

“I came across Venture X in 2017, and quickly noticed how similar its model is to the hotel industry, specifically extended stay hotels,” says Mani Patel, Venture X franchisee and hotelier. “There are numerous similarities between the two industries which made my ownership run smoothly, including the membership-based model, real estate requirements, and customer demographics. It’s been exciting to join the Venture X team as they are developing, and bring my hotel expertise over to the coworking industry.”

Venture X facilities consist of modern boutique office spaces designed by world-renowned architecture firm, Gensler and features high-end Herman Miller furnishings. Venture X franchisees enjoy the leisure of having design plans and furniture taken care of, minimizing additional stress and responsibility.

“We’re excited to be showcasing our thriving model again this year at the Hunter Hotel Conference,” says Jason Anderson, President of Venture X. “Hotel owners share in Venture X’s priorities of providing members with inspired spaces, great experiences and rich amenities. We look forward to continuing to grow our franchisee base by connecting with these similar-minded hotel entrepreneurs.”

As Venture X continues to undergo tremendous expansion globally, it is the priority of the leadership and community that makes up Venture X to continue moving in a direction that helps people connect, inspire, and improve upon their businesses while they fulfill their lives.