Venture X Expanding Franchise Business Into Colorado


Aug 21, 2018

Unique shared workspace concept Venture X is continuing its expansion and has just announced a new facility to be opened in Denver, Colorado. This new franchise business location recently had its groundbreaking and is slated to be up and running by the fall.

Franchisees Michael and Kate Patton are the owners of this new location, and they signed their lease at the beginning of this year. A local contractor is handling the construction of the 13,000-square-foot office.

Michael Patton said the new facility will have many flexible workspace options to meet the needs of all customers. It will have 33 private offices that can hold from one to 10 people, shared desk spaces, dedicated desks, conference rooms and open areas for collaborative efforts and meetings. The open spaces and planned cafe, noted Patton, can also be used for community events.

Venture X is a solution for entrepreneurs and large businesses that need flexible yet modern workspace solutions. This brand offers modern offices and boutique-style services that appeal to many businesses and entrepreneurs. The US Bureau of Labor and Statistics estimates that by 2020, 40 percent of the workforce will need spaces to work in outside the home, and Colorado was a natural choice for the new facility meant to help meet this need because the state has the third-fastest growing population.

Brand President Tom Weber added that the Denver facility is the company's first location in Colorado. He also said the company is honored to have the Pattons join them as the brand works to expand to every major city across the globe.

The new Denver facility is expected to have a diverse member array, ranging from large corporations to start-ups and creative professionals. Amenities at this brand's facilities include secure access around the clock, concierge-level services for members, high-speed Internet, top-tier office equipment, and meeting rooms with the latest in conference and presentation technology. This newest Denver location also has an area for rooftop events, a gym and restaurants on-site; adjacent public transportation and storage facilities; and financial centers and off-site shops within walking distance.

A member of the United Franchise Group, which is home to a large variety of recognized franchise brands, Venture X is changing the workspace landscape and is currently offering franchise opportunities in several areas. The franchise fee for one of these franchise opportunities is $79,500, and the total investment ranges from $600,000 to $800,000.

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