Venture X vs Hommati Franchise Comparison

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

Start-Up Costs and Fees
 
Venture X Franchise
Hommati Franchise
Investment $748,585 - $2,026,210$49,920 - $64,995
Franchise Fee $79,500$20,000
Royalty Fee 6%5%
Advertising Fee 1%2%
Year Founded 20122017
Year Franchised 20162017
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee $1K-


Business Experience Requirements
 
Venture X Franchise
Hommati Franchise
Experience --

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

Training & Support
 
Venture X Franchise
Hommati 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
 
Venture X Franchise
Hommati Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion Yes-

Company Overviews

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.


About Hommati

"hommati
Provide real estate and marketing services to real estate agents and brokers, including digital media services such as 3D interactive tours, drone aerial videos, virtual reality tours, agent green screen videos, agent biography videos, 4K 2D images, augmented reality services, video slideshows, guided tours, 3D walkthroughs, virtual staging, SMS Sign Riders (known as Curb Leads), as well as a door hanger service, sign and lockbox placement, and a real estate web site and mobile app for agents to promote their listings.