Positioned for tremendous growth in the upcoming year, Venture X is at head of the co-work space trend as a leading provider of professional office spaces with boutique services and a modern design. By the end of 2017, this brand's franchise locations in Canada, Texas and Florida were fully occupied with a waiting list, and many new international and domestic franchise business locations are scheduled to open across 2018. This office space innovator is also part of United Franchise Group, a family of companies with more than three decades in the business and over 1,400 franchise locations spanning 80 countries.
Because of the increase in demand for this brand's services, 20 franchise opportunities were snapped up in 2017 and are now under development. The company is expecting 30 new spaces to open in 2018, including new locations in New Jersey, Florida, Massachusetts, Wisconsin, Ohio, Indiana, Virginia and Colorado, along with another eight in Texas.
The flexible office plans this brand provides include private, shared and virtual office options, high-speed Internet, meeting rooms with today's tech, an office cafe and kitchen, and document and printing services. Venture X is meeting the needs of today's companies, which are increasingly seeking modern, full-service office spaces that are cost-effective and accommodate traveling workers.
Brand President Tom Weber noted that the company opened a space in San Antonio, Texas, just this year, and there is already a waiting list there. Weber said the demand for space and the services the brand provides is high and that they expect 2018 to be a year of productivity and strong growth.
This office-space brand also enjoyed tremendous growth overseas in 2017, with new agreements signed for locations across Australia, the Middle East and South Africa. In 2018, the company expects to open new spaces in Cape Town, Sydney, Dubai, Johannesburg, Morocco and elsewhere.
Offering flexible work spaces across multiple industries, Venture X is currently seeking qualified individuals for its franchise opportunities across the globe as it rapidly expands. The franchise fee is $79,500, and the total initial investment ranges from $600,000 to $800,000.