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Updated RecentlyOfficeZilla vs Venture X Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of OfficeZilla 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 | $21,300 - $30,250 | $748,585 - $2,026,210 |
| Franchise Fee | $5,000 - $15,000 | $79,500 |
| Royalty Fee | 8% | 6% |
| Advertising Fee | - | 1% |
| Year Founded | 2012 | 2012 |
| Year Franchised | 2014 | 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 | -/Yes | -/- |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/- |
| Receivables | Yes/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: As needed Classroom Training: 10-20 hours Additional Training: Online, webinar & phone training | On-The-Job Training: 8 hours Classroom Training: 23 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates Social media SEO Website development Email 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: 1 | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | No |
| International Expansion | - | Yes |
Company Overviews
About OfficeZilla
OfficeZilla was founded in 2012 with the belief that the office products industry was ready for a fun, flexible, and customer-obsessed way of doing business. Combining proprietary web-based tools with a dedicated support team and a commitment to exceptional service, OfficeZilla provides an outstanding shopping experience for customers.
The company began franchising in 2014 and now has over 27 franchisees in
the continental United States. The executive team boasts more than 50
years of experience building and growing some of the world’s
fastest-growing franchise concepts, category leaders and some of the
world’s most well-known brands. OfficeZilla was awarded the
2016 Pacesetter Award by the Atlanta Business Chronicle as one of the
fastest-growing privately-owned companies in the state.
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.