Massive Growth Planned for Innovative Venture X in 2018
Release Date: 1/9/2018
Venture X is uniquely positioned to take advantage of the surge in cowork space popularity, as the premier provider of smart, professional office spaces with a distinctive modern design and boutique concierge-style services. The brand is poised for massive growth in 2018. The current Venture X locations in Florida, Texas and Canada were at full occupancy with a waiting list at the end of 2017, and multiple new domestic and international locations are slated to start opening in 2018. Venture X is part of the United Franchise Group (UFG), a 31-year-old, family of companies comprised of more than 1,400 franchise locations across 80 countries.
With demand for Venture X's services sharply on the rise, 20 additional locations were sold in 2017, and are currently in development. The brand expects a total of 30 new locations to open in the new year, including eight new Texas locations in the first half of 2018, and a new location in Colorado, Virginia, Indiana, Ohio, Wisconsin, Massachusetts, Florida and New Jersey.
Venture X's flexible office plans include virtual, shared and private office options; high-tech meeting rooms, high-speed internet; printing and document services; an office kitchen and café, and more. Whether dropping in with a day pass, utilizing 24/7 office availability, or booking private offices for longer-term commitments, Venture X serves a growing need for individuals, as well as small and large businesses looking for an efficient, lower-cost, professional work environment. By 2020, the Bureau of Labor Statistics estimates that 40 percent of the country's workforce will need workspaces away from home. Companies like Venture X are at the forefront of responding to this need with the flexibility and price points that accommodate different work styles. Members can utilize the services of any Venture X facility while traveling.
"We recently opened a Venture X in San Antonio this year, and that location is already developing a waiting list for space," said Tom Weber, President of Venture X. "There is a very high demand for the services and space we provide, delivering all the advantages of a professional office space without having to lock in to an expensive commercial real estate contract. We expect 2018 to be a very busy and productive year."
The business has also seen tremendous growth internationally. In 2017, Venture X location agreements were signed for locations throughout the Middle East, South Africa and Australia. Expected openings in 2018 include locations around the world in Sydney, Morocco, Dubai, Johannesburg, and Cape Town, to name a few.
For more information about Venture X, including membership plans, locations, workspace options, and franchise opportunities, visit www.VentureX.com.
ABOUT VENTURE X
Venture X is the latest addition to the United Franchise Group family of brands, joining a team with more than 30 years of franchise experience. The Venture X franchise concept offers flexible workspace with a wide membership base including creative professionals, freelancers, remote workers, startups, entrepreneurs, non-profits, small businesses and large teams from fortune 500 companies. Venture X offers members an environment designed for innovation with an engaging, diverse community and concierge-style services. For more information visit venturexfranchise.com.
Led by CEO Ray Titus, United Franchise Group is home to a variety of internationally recognized brands including Signarama, Fully Promoted, Experimac, Jon Smith Subs, Venture X, SuperGreen Solutions, Transworld Business Advisors and Paramount Tax & Accounting CPAs. With over three decades in the franchising industry and more than 1400 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
SOURCE Venture X
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