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Updated RecentlyCanyon Leasing vs Venture X Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Canyon Leasing vs Venture X including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $19,500 - $23,500 | $748,585 - $2,026,210 |
| Franchise Fee | N/A | $79,500 |
| Royalty Fee | - | 6% |
| Advertising Fee | - | 1% |
| Year Founded | - | 2012 |
| Year Franchised | - | 2016 |
| Term Of Agreement | - | 20 years |
| Term Of Agreement | - | 20 years |
| Renewal Fee | - | $1K |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Course Outline Your Company: *Creating and committing to a plan. *Checklist and information on structure *Foundation - the necessary support tools *Location and working environment Leasing: *Industry Knowledge *Uses of leasing *Competition *Various forms of leases *Lease vs. Purchase *HP Calculator Training Sales and Marketing: * Devising a sales and marketing plan * Sales promoting * Developing vendor and end user relationships Credit: * Financial statement analysis * Credit reporting and scoring Funding: * Documentation * Sources * Procedures | On-The-Job Training: 8 hours Classroom Training: 23 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | No |
| International Expansion | - | Yes |
Company Overviews
About Canyon Leasing
There are numerous benefits to becoming a Leasing Professional by training with Canyon: 1. Low Investment: Canyon Leasing makes it affordable to become your own boss. Unlike other companies who charge an exorbitant amount, Canyon Leasing offers training and support for a low investment of $19,500. You may choose to maintain a low overhead and work from home or a small office. Marketing is your only other cost, and it is totally controlled by you. With the exception of a computer, a phone and a fax, there is very little needed to open your lease broker business, no special equipment, no inventory, no shipping costs, no warehousing costs, and no employees. 2. Proven Marketing Strategy: You will work in a professional business environment assisting decision makers to finance the acquisition of equipment using equipment leasing. You will learn Canyon's proven marketing strategies developed over 25 years of growing successful businesses. 3. Canyon Leasing Training and Support: Canyon Leasing is a team of marketing specialists who have developed a meticulous and in-depth start-up training program. You will also become part of Canyon's formalized Coaching Program that will become an important part of your future success.
About Venture X
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.
By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors, or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.
Like other “sharing” industries, Venture X franchisees simply provide the modern workspace 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.