Venture XFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A VENTURE X franchise requires a total initial investment of $347K – $3.4M, including a $80K franchise fee. Per the 2025 FDD, average unit revenue was $1.5M[2]. SBA 7(a) loans show a 0.0% charge-off rate across 27 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $347K – $3.4M
- 52nd pct Business Serv…
- Avg gross sales
- $1.5M
- 22nd pct Business Serv…
- Royalty
- N/A
- Units
- 61
- 34th pct Business Serv…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Business Services · color = vs category peers
Green = >15% above Business Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Only 0.0% of 27 SBA loans charged off, well below the 16% franchise average.
Bottom line
- Total investment $347K – $3.4M including a $80K franchise fee.
- Average unit revenue of $1.5M/year (median $1.3M).
- Verdict F (Bottom Quintile) with a risk score of 88/100. SBA loan charge-off rate of 0.0% across 27 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Venture X Franchising, LLC
- Parent company
- RWT Holdings, LLC
- Incorporated in
- FL
- HQ
- 2121 Vista Parkway, West Palm Beach, FL 33411
- Auditor
- Milbery & Kesselman, CPAs, LLC
- Audited financials
- Franchisor revenue
- $5.7M
- vs $6.3M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
Venture X is a flexible workspace franchisor operating shared office, coworking, and business services facilities. Franchisees manage day-to-day operations including membership sales, facility management, community programming, and ancillary services (mail, virtual office, meeting rooms) within their protected territory.
- CEO
- Jason Anderson
- Headquarters
- FL
- Founded
- 2015
- FDD year
- 2025
- States available
- 14
FDD Item 7 · 2025 filing · 15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $80K | $80K | |
| DSS Feenot refundable | $10K | $20K | |
| Professional Fees and Other Legal Fees | $15K | $60K | |
| Leasehold Improvements/Low Voltage Data Cabling/Access Control and Sound Masking | $0 | $1.1M | |
| Architectural Services | $0 | $150K | |
| Designated Furniture, Fixture & Equipment (FF&E) | $50K | $750K | |
| Initial Marketing Launch | $45K | $90K | |
| Grand Opening Event | $5K | $15K | |
| OJT (On the Job Training) | $500 | $4K | |
| Real Estate (rental payments will vary by location) | $20K | $113K | |
| Office Supplies and Kitchen Supplies | $15K | $30K | |
| Pre-Opening Staff, Salaries, Travel, Accommodations, Transportation and Meals During Training | $5K | $30K | |
| Insurance Deposits and Premiums | $2K | $20K | |
| Site Lease Deposit | $0 | $600K | |
| Additional Funds (0-6 mos.) | $100K | $350K | |
| Total initial investment | $347K | $3.4M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$224K
15.0% margin
Unlevered ROIC
11%
EBITDA / total invested capital
Payback
9.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $347K – $3.4M
- Near category avg vs category
- Liquid capital req'd
- $100K – $350K
- Near category avg vs category
- Franchise fee
- $50K – $80K
- Near category avg vs category
- Royalty
- Greater of 6% of Gross Revenues or $1,500/month
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $24K |
| Transfer fee | $50K |
| Renewal fee | $3K |
| Inventory (initial) | $15K – $30K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.5M
- Per unit, per year
- Median gross sales
- $1.3M
- Item 19 type
- gross_sales
- Sample size
- 32 units
- vs category median 32
- Range (low → high)
- $441K→$3.5M
- Cohort dispersion (min → max)
- Transparency tier
- revenue_only
- Categorical assessment of disclosure depth
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 4 / 5
- vs category median 3 / 5 · above
Compared against 360 Business Services brands
Revenue is only 0.8x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Business Services averages
How Venture X Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 61
- Opened
- 9
- Last reporting year
- Closed
- 5
- Turnover rate
- 8.2%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +7.0%
- Net unit change last year
- 3-yr CAGR
- +24.5%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 4
- Closed (3yr)
- 61
- Terminated (3yr)
- 8
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 57
- Franchisor bought back
- Termination rate
- 14.0%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 22 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- Illinois
- Indiana
- Maryland
- Michigan
- Minnesota
- New York
- North Dakota
- Rhode Island
- South Dakota
- Washington
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 27
- Loan volume
- $35.7M
- Median loan
- $999K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 11
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Venture X's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 8-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 27 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Venture X presents moderate-to-cautious risk: lack of profitability disclosure, recent regulatory violations, slow growth, and high fee structure warrant deep validation of actual franchisee earnings and franchisor compliance culture.
Litigation (Item 3)
4 case reference(s): 0 pending, 2 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code during or within on
Audited financials (Item 21)
Yes · Milbery & Kesselman, CPAs, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 88 / 100 rating
- 01MINORNo Item 19 (Net Income) disclosure limits ability to assess actual profitability; average revenue of $1.5M does not confirm franchisees achieve this
- 02MINORMultiple regulatory consent orders (2021, 2022 California; 1996 Maryland; 1998 FTC injunction against affiliate) indicate persistent compliance and sales practice violations
- 03MINORSlow unit growth (7.0% YoY on only 61 units) suggests stagnant expansion and potential market saturation or franchisee satisfaction issues
- 04MINORHigh franchise fee ($79,500) combined with broad royalty structure (greater of 6% or $1,500/month minimum) creates significant fixed cost burden before profitability
- 05MINOR35-year term is unusually long and locks franchisees into relationship with franchisor having compliance history
- 06MINOR2022 California unregistered offering violation at trade show indicates recent (not historical) regulatory lapses
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 35 years |
|---|---|
| Renewal term | 35 years |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 4 |
View Item 3 litigation summary
4 case reference(s): 0 pending, 2 settled.
Items 10, 11
Training & Operations
- Classroom training
- 31 hrs
- On-the-job training
- 8 hrs
- Training location
- On-site and corporate
- Site selection
- franchisor
- Franchisor financing
- Not offered
- Item 10
- POS system
- Essensys
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Essensys
Item 20 · call current owners
Franchisee Contacts
86 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
VENTURE X · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a VENTURE X franchise?
The total investment to open a VENTURE X franchise ranges from $347K – $3.4M, with an initial franchise fee of $80K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do VENTURE X franchise owners earn?
According to Item 19 of the VENTURE X FDD, the average gross sales per unit is $1.5M. The median is $1.3M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is VENTURE X's franchise failure rate?
Based on SBA 7(a) loan data, VENTURE X has a charge-off rate of 0.0% across 27 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many VENTURE X franchise locations are there?
As of their most recent FDD filing, VENTURE X has 61 total units in the United States, including 49 franchised units and 0 company-owned units. 9 new units were opened in the latest reporting year.
Is VENTURE X a good franchise to buy?
FranchiseVerdict rates VENTURE X as a F-grade franchise with a risk score of 88 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.