Supporting Strategies vs Venture X Franchise Comparison

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

Start-Up Costs and Fees

 
Supporting Strategies Franchise
Venture X Franchise
Investment $77,930 - $103,190$748,585 - $2,026,210
Franchise Fee $60,000$79,500
Royalty Fee 10%6%
Advertising Fee 2%1%
Year Founded 20042012
Year Franchised 20132016
Term Of Agreement -20 years
Term Of Agreement -20 years
Renewal Fee -$1K


Business Experience Requirements

 
Supporting Strategies Franchise
Venture X Franchise
Experience --

Financing Options

 
Supporting Strategies Franchise
Venture X Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/Yes
Equipment -/--/Yes
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Supporting Strategies Franchise
Venture X Franchise
Training On-The-Job Training: 23 hours Classroom Training: 12 hours Additional Training: Online training On-The-Job Training: 8 hours Classroom Training: 23 hours
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures 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 Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app 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

 
Supporting Strategies Franchise
Venture X Franchise
US Expansion YesYes
Canada Expansion -No
International Expansion -Yes

Company Overviews

About Supporting Strategies

Starting a franchise such as Supporting Strategies can be incredibly exciting and rewarding, but leaving your corporate job can be a scary proposition. For many people looking into franchise ownership, leaving is the right long term decision.
Just take the time to make sure buying a franchise is right for you before you make the leap. It could be hard to get your old corporate life back once you leave that world to pursue independent business ownership for a year or two.
For more information about the pros and cons of business ownership, contact Supporting Strategies today!
Veteran Incentives  10% off franchise fee


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.