Thomas Weber of Venture X


Apr 18, 2017

Mr. Weber has extensive experience in the public and private sectors managing complicated projects and overseeing successful operations.

Mr. Weber is currently Vice-Chair of the Children Services Council of Palm Beach County. He recently held the position of Chair of the Education Foundation of PB County, which supports public education in the county. He also previously held the position of Chair of the Council of Executive Officers in Coral Springs, Florida as well as board member positions on the Business Development Board, Economic Council and Junior Achievement of PB County.

Mr. Weber is the President of Venture X, a franchise brand of United Franchise Group in West Palm Beach Florida. Venture X is “Shared Workspace” facility that creates a collaboration environment for businesses and entrepreneurs to productively pursue their goals in locations around the world.

Mr. Weber is the co-founder of Aquila Property Company, Inc., which was established in 1998. Aquila has owned and managed real estate properties throughout South Florida including office/retail buildings (including shared workspace), golf course, residential and commercial properties.

Mr. Weber is also the co-founder of Arbitration Resolution Services, Inc. (ARS) which was established in 2012. ARS is a proprietary cloud-based service that integrates technology and arbitration for a revolutionary approach to online dispute resolution throughout the United States.

From 1993 to 1998, Mr. Weber served as Executive Vice President for Ocwen Financial Corporation where he was one of the founders of its commercial real estate asset acquisition unit. He had primary responsibility for designing computer models and negotiating over $1.5 billion of transactions that helped make Ocwen one of the United States’ leading purchasers of distressed assets. He also had the responsibility for touring and identifying opportunities in Canada, Asia and Europe.

Prior to Ocwen, he worked for financial institutions where his primary focus was in managing, analyzing and underwriting commercial projects throughout the United States. From 1979 to 1983, he worked for Texas Instruments building and servicing computer equipment on research vessels around the world.

Mr. Weber earned a degree in electrical engineering in 1979 at the Florida Institute of Technology. In 1984, he earned a BA in finance from Texas State University. He completed the Running a Real Estate Company course at Harvard University Graduate School of Design in 2005.

Mr. Weber resided in Palm Beach County with a wife of 30 years and a son who was educated in the Palm Beach County public school system and current attends Florida Gulf Coast University in Fort Myers, Florida. Mr Weber is also very active spiritually as past president of Nativity Lutheran Church in Palm Beach Gardens and Kairos International Prison Ministry.

1. Tell us about the Venture X concept.

Venture X is a premier provider of a membership based workspace offering an inspiring, diverse and collaborative community where businesses launch, develop and achieve success.

2. How and when did you become involved with Venture X?

The opportunity started to nurture in late 2016 when I saw the first Venture X prototype in Naples Florida. The layout and the activity at that location had the “Wow” factor. I realized this is the wave of future in workspace.

3. What was your background prior to joining Venture X?

I have a successful background in commercial real estate banking as well as in owning and managing large office/retail buildings that included “executive suite” facilities. I have seen this business from a banker, a landlord, an owner and a user’s perspective.

4. What are some of the advantages in being a Venture X franchisee?

A Venture X Franchisee is investing into the cutting edge of the future in how today’s technology based workforce is growing around the world. The backbone of United Franchise Group’s successful 30+ year history in franchising is a huge advantage in its support structure for the success of this brand.

5. Who is your ideal franchisee?

Franchisee candidates include:

  • Investors looking for a cutting-edge investment opportunity.
  • Brokers, accountants, lawyers or other business owners looking to invests where they can operate their business within the amenities and revenues of a Venture X business.
  • Real estate investors seeking an alternative investment opportunity.
  • Office building owners with large (>10k sqft) available space to fill.

6. Tell us a little about the Workspace Market?

Businesses have been downsizing space needs and costs with flexible work environments around the world. Technology has created the ability for a mobile workforce. By 2020 the Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors or entrepreneurs making up 40% of the workforce.

7. What are some of the greatest lessons you’ve learned in growing this franchise?

The opportunity is even bigger then I originally imagined.

8. Do you have a mentor and is their someone you use for inspiration?

At United Franchise Group, you don’t have to look much farther than its CEO, Ray Titus. Ray is a visionary and motivator extraordinaire.

9. What advice do you have for someone looking to acquire a Franchise?

Look at the structure behind the brand. The reason for buying a franchise is the support, experience and history of the Franchisor who is effectively becoming your partner.

10. In your opinion, why do you think that Venture X would be a great opportunity for someone?

As technology continues to grow, businesses are becoming less constrained to have everyone in one environment. Venture X is a catalyst to this seismic shift in how business will operate around the world. Investing in Venture X is investing in the future of workspace.

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