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Below is an in-depth analysis and side-by-side comparison of The Organization Supporting Business Owners 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 | $25,000 | $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 | - | 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 |
NO LONGER FRANCHISING
OSBO is expanding our local consulting and training benefits through franchise territories. Our OSBO franchisees will have access to the latest technology, to manage their database, develop reports and handle the accounting for the membership. Each franchise territory will have its own locally branded website for posting local events and member information.
We offer our franchisees a business with low overhead and no requirements of a physical location. For more information about an OSBO Franchise, please contact OSBO Franchising, LLC at [email protected] e-mail address is being protected from spam bots, you need JavaScript enabled to view it and visit our membership site at http://www.osbo.org/.
Benefits of an OSBO Franchisee
REASONS TO BECOME AN OSBO FRANCHISEE
* An exciting new franchise concept
* Five years of success
* Exclusive territory
* Low overhead
* No physical location is required
* Accounting and merchant fees managed by Corporate Office
* Locally branded website
* Online reporting
* Online database
* Low monthly fees
* Builds visibility in the business community for the franchisee
* A great compliment to an existing sales and business support service company
* Complimentary to other franchise concepts and franchise ownership
A GREAT PRODUCT THAT BUSINESS OWNERS NEED
OSBO membership benefits are a product that any business owner could use.
A low annual fee makes it an easy decision for a business owner to join.
Benefits extend to the employees of the member firms making it attractive to a business of any size.
Association Health programs make membership a great advantage to small business owners without existing health plans.
REVENUE STREAMS FOR FRANCHISEES
Franchisees receive 70% of revenue from memberships and local consulting fees and all of the local revenue from local events.
OSBO offers a tiered membership program based on the number of locations that a company has in a franchise territory increasing the revenue opportunity for the franchisee.
OSBO has local consulting teams that pay an additional monthly fee to become the consultant in their category.
Since OSBO membership benefits include the employees of each member firm, companies with multiple locations pay higher membership fees.
The membership fees are annual giving the franchisee residual income when the members renew.
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.