Venture X Franchise Costs, Fees & FDD

Year Business Began: 2012

Franchising Since: 2016

Headquarters: West Palm Beach, Florida

Estimated Number of Units: 70

Franchise Description: The franchisor is Venture X Franchising, LLC. The franchisor is a member of United Franchise Group. Franchisees independently own and operate a business that provides co-working office space and meeting rooms utilizing the franchisor’s then-current proprietary marks, and system of operations developed by the franchisor and its principals.
Training Overview: We will provide franchisees and their initial management with its initial training program. Training hours are provided in the franchisor’s training facility in West Palm Beach, Florida, or on-site at a local Venture X. The franchisor will typically designate a period of up to 14 days prior to or around the “soft opening” of the franchised business to send one or more of its training personnel to the premises to provide initial on-site training. In addition to the corporate training as outlined the franchisor will connect franchisees with a franchise location for “On the Job” training (OJT). During this time, franchisees will visit an Intelligent Office location and train side by side with the local team. The franchisor may schedule and hold an annual conference, as it deems advisable in its sole discretion, to discuss the current state of the system, improvements to the system, hold discussion forums for system franchisees and recognize certain franchisees.

Territory Granted: Franchisees will operate the facility at a specific location approved by the franchisor (referred to as the “premises”). Once franchisees have secured their premises, the franchisor will provide them with a designated territory within which they will have certain protected rights. The designated territory, if granted, will typically be comprised of a radius around the facility that the franchisor determines appropriate based on a number of factors. There is no minimum radius or population associated with the designated territories awarded. If and when franchisees are granted a designated territory, then the franchisor will not open or locate, or license any third party the right to open or locate another Venture X facility utilizing the proprietary marks and system from a physical location within that designated territory, until such time that the Franchise Agreement expires or is terminated. Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that the franchisor controls.

Obligations and Restrictions: While the franchisor recommends that franchisees personally participate and manage the day-to-day operations of their franchised facility directly, they may hire a designated manager to manage daily operations with the franchisor’s approval. Both the franchisee and any designated manager appointed will be required to complete the initial training program to the franchisor’s satisfaction. Franchisees must (1) sell or offer for sale only those products, merchandise, and services as the franchisor has expressly approved for sale in writing, (2) sell or offer for sale all types of products, merchandise, and services the franchisor specifies, (3) refrain from any deviation from the franchisor’s standards and specifications without prior written consent, and (4) discontinue selling and offering for sale any products, merchandise, and services which the franchisor may, in its discretion, disapprove in writing at any time.

Term of Agreement and Renewal: The length of the initial franchise term is 35 years. A renewal term of 35 years is available if requirements are met.

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or any other obligation. Eligible United States military veterans (and/or military spouses) will receive a discount of 10% of the franchise fee or 5% of the then current transfer fee.

Estimated Initial Investment

Name of Fee	Low	High
Initial Franchise Fee	$79,500	$79,500
DSS Fee	$10,000	$19,500
Professional Fees and Other Legal Fees	$15,000	$60,000
Leasehold Improvements / Low Voltage Data Cabling / Access Control and Sound Masking	$0	$1,066,000
Architectural Services	$0	$150,000
Designated Furniture, Fixture & Equipment (FF&E)	$50,000	$750,000
Initial Marketing Launch	$45,000	$90,000
Grand Opening Event	$5,000	$15,000
OJT (On the Job Training)	$500	$4,000
Real Estate (rental payments will vary by location)	$19,500	$113,000
Office Supplies and Kitchen Supplies	$15,000	$30,000
Pre-Opening Staff, Salaries, Travel, Accommodations, Transportation and Meals During Training	$5,000	$30,000
Insurance Deposits and Premiums	$2,000	$20,000
Site Lease Deposit	$0	$600,000
Additional Funds (0-6 mos.)	$100,000	$350,000
ESTIMATED TOTAL	$346,500	$3,377,000

 
Other Fees

Type of Fee	Amount
Royalty	The greater of (a) 6% of gross revenues generated by the franchised business, or (b) $1,500/month (the monthly minimum royalty).
Marketing Fund Contribution	Currently the greater of: (a) 2% of Gross Revenues; or (b) $1,500/month.
Local Marketing	If the franchisee’s private offices occupancy rate is: (A) below 25%, they must spend at least $6,000 per month; (B) between 25% and 50%, they must spend at least $4,000 per month; (C) between 50% and 75%, they must spend at least $2,500 per month; (D) between 75% and 90%, they must spend at least $1,500 per month; or (E) at or above 90%, there is no minimum required.
Local and Regional Advertising Cooperatives	As determined by the co-op. Currently, none.
Transfer Fee	Currently the greater of: (a) $49,500 or (b) the then current transfer fee at time of transfer.
Renewal Fee	$2,500
Training School Fee	$500 or the then current training fee.
Additional Training School Fee	$500 or the then-current additional training school fee.
Technology Fee	$2,000 per month or the then current fee, for the first five users; $75 for each additional user.
Procurement Fee	The greater of: 1) 15% of the gross value of the materials and services ordered by the franchisor or its affiliate(s) on the franchisee’s behalf, or 2) $25,000.
Enterprise Level Internet and Backup	$1,000 to $3,000 per month depending on circuit size, type and physical location.
Member and Client Referral Fee	5% to 30% of contracted value.
Convention or Conference Fee	$600
Audit Expenses	Cost of audit plus underpayment and interest on underpayment.
Lease Renewal Assistance / Expansion Fee	$5,000
Indemnification	Damages sustained by the franchisor or its affiliates as a result of actions by the franchisor. Amount will vary.
Professional Fees and Expenses	Will vary under circumstances.
Attorneys’ Fees	Reasonable attorney fees and costs.
Non-Compliance Fee	$500 for the first violation and $250 per compliance violation thereafter.
Liquidated Damages	Will vary under the circumstances.

The above information has been compiled from the FDD of Venture X. Year of FDD: 2025.
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