Business Overview

Venture X franchise simply provide the modern work space and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.
By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community. Nearly 1,400 locations in more than 80 countries around the world.
Overview:
• Total Investment – $800,000 – $1,200,000 (includes Franchise Fee) w/Financing available.
• $400,000 minimum cash required.
• Franchise Fee – $79,500.
• 4 Weeks of training included in Franchise Fee. Airfare, Hotel are included.
• Royalty – 6% Gross Revenues.

To find out more-with no cost or obligation- call Bill Kraemer at 612-331-8392 or email bill.kraemer@oibmn.com.

Financial

  • Asking Price: $400,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Training included in sale.

Established Franchise:

This Business Is An Established Franchise

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the true factor vs the one they tell you may be 2 totally different things. For instance, they might say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is very vital that you not rely totally on a seller's word, but instead, make use of the seller's solution in conjunction with your overall due diligence. This will paint an extra realistic image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover items such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that earnings margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract brand-new consumers? Many times, businesses have repeat consumers, which form the core of their daily earnings. Certain factors such as brand-new competition sprouting up around the location, road construction, and also personnel turn over can impact repeat consumers as well as negatively affect future earnings. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local average household income influence future earnings potential?