Venture X vs Charles Schwab Franchise Comparison

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

Start-Up Costs and Fees

 
Venture X Franchise
Charles Schwab Franchise
Investment $748,585 - $2,026,210N/A
Franchise Fee $79,500N/A
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

 
Venture X Franchise
Charles Schwab Franchise
Experience --

Financing Options

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

Training & Support

 
Venture X Franchise
Charles Schwab 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
Charles Schwab Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion YesYes

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 Charles Schwab

"Charles
The Independent Branch Leader will operate a branch office of Charles Schwab & Co., Inc., a registered broker-dealer and investment adviser, under the  Charles Schwab® trade name and logo and offer retail clients non-discretionary investment advice and access to a variety of approved financial products and services.
Become a  Charles Schwab franchisee, and you'll be part of a deeply trusted, highly innovative brand where your clients will have access to a wider range of products and services.