Franchise Development Services vs Venture X Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Franchise Development Services vs Venture X including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Franchise Development Services Franchise
Venture X Franchise
Investment $350,000 - $750,000$748,585 - $2,026,210
Franchise Fee N/A$79,500
Royalty Fee -6%
Advertising Fee -1%
Year Founded 19812012
Year Franchised 19852016
Term Of Agreement -20 years
Term Of Agreement -20 years
Renewal Fee -$1K


Business Experience Requirements
 
Franchise Development Services Franchise
Venture X Franchise
Experience --

Financing Options
 
Franchise Development Services Franchise
Venture X Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Franchise Development Services Franchise
Venture X Franchise
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
 
Franchise Development Services Franchise
Venture X Franchise
US Expansion -Yes
Canada Expansion -No
International Expansion -Yes

Company Overviews

About Franchise Development Services

Whether you are an individual with capital to to invest in a franchise licence, or a company seeking Franchise Consultants to assist in the development of national and international franchise networks, FDS can provide the best advice and guidance founded on 26 years of serving the franchise industry. We have developed a complete range of franchise consultancy products and services for prospecitive and established franchisees and franchisors, as well as a range of franchise publications including the best selling The Franchise Magazine. So whether you want to be your own boss by becoming a Franchisee, invest in a national venture by becoming a Master Franchisee, or expand your business by Franchising nationally or internationally, FDS can help you.

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#45 on Franchise Rankings.com

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.

Veteran Incentives  10% off franchise fee
#319 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.