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Below is an in-depth analysis and side-by-side comparison of Sussex Insurance 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 | $800,000 - $1,000,000 | $748,585 - $2,026,210 |
Franchise Fee | $75,000 - $350,000 | $79,500 |
Royalty Fee | 4% | 6% |
Advertising Fee | 1% | 1% |
Year Founded | 1976 | 2012 |
Year Franchised | 1985 | 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 | - | 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 | Yes | No |
International Expansion | - | Yes |
The Sussex Insurance establishment opportunity offers our franchisee arrange remunerating potential, based on our quality, security and experience. When you are granted a Sussex Insurance establishment, you join a spearheading system that has stood out for more than 30 years! As a Sussex Insurance franchisee, you will have the individual and expert autonomy, flexibility and control that you need and merit. You will construct a productive business utilizing a demonstrated plan of action and an authoritative equation for achievement. You will secure long haul business development and effective customer connections, directing people to your establishment area and changing over guests into paying clients. The subsequent salary will empower you to fulfill the way of life you need, for yourself and your family. Regularly situated inside high-activity retail locations or inside prominent strip malls and business edifices, Sussex Insurance utilizes its sourcing of areas as a major key to our prosperity. Sussex Insurance is a regarded retail establishment operation and has solid associations with significant proprietors crosswise over Canada, which permits us to secure the best retail stores at honest esteem. By consolidating statistical surveying, field involvement and neighborhood information, we build up the ideal open doors accessible, and secure the best establishment areas. Hours of operation change, however areas are regularly open 7 days seven days from 9 a.m. to 9 p.m. Sussex Insurance is as of now tolerating applications from persuaded, entrepreneurial-disapproved of people for new establishment openings in high-development markets. Protection industry encounter, in spite of the fact that an advantage, is not required.
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.