Venture X

About

Founded in 2012 by David and Brett Chidsey and franchised in 2016 in partnership with United Franchise Group, Venture X is a premier global coworking franchise offering high-end flexible workspaces, private executive offices, dedicated desks, and modern event spaces. Designed to cater to corporate teams, entrepreneurs, freelancers, and remote enterprise workers, Venture X locations feature hospitality-driven lounges, state-of-the-art technology, and vibrant professional communities across over 50 global locations. The brand bridges the gap between traditional office leases and modern flexible workspace, offering scalable workspace solutions that adapt seamlessly to evolving corporate needs. The initial investment to open a Venture X facility typically ranges from $360,000 to $3,600,000, depending on square footage, location tier, and architectural buildout scope. Prospective owners must demonstrate a minimum liquid capital of $200,000 to $250,000 and a net worth of $1,000,000. The initial franchise fee is $60,000, accompanied by an ongoing royalty fee of 6% of gross revenues. The membership-based recurring revenue model provides strong cash flow visibility through private office leases, dedicated desk plans, virtual office subscriptions, and corporate event facility rentals, ensuring favorable long-term returns. Franchisees benefit from United Franchise Group's global infrastructure, receiving hands-on guidance with commercial real estate selection, lease negotiations, architectural planning, and interior design. Corporate provides centralized marketing campaigns, national sales lead distribution, proprietary workspace management software, and comprehensive initial training. Ideal franchisees are real estate investors, multi-unit developers, or senior corporate executives seeking a scalable, semi-absentee investment opportunity in flexible commercial real estate backed by a recognized global franchise leader.