Asking Price: $1,000,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Venture X is a shared workspace and community that is a blend of boutique hotel and modern office styles with a high level of design that feels professional and welcoming. It is intentionally designed to be the premium membership-based workspace and community for entrepreneurs and businesses that attracts a diverse membership of entrepreneurs, creative professionals, freelancers, remote workers, startups, non-profits, small businesses to large teams from fortune 500 companies.
Revolutionary designed co-working office space, work space, and meeting rooms for highly innovative professionals and entrepreneurs. One of the first franchise concepts in the co-working industry with an absentee ownership model. This can be an absentee ownership for someone looking to add to their portfolio. You are able to run this business with only 2 employees, therefore overhead is low. Customers will purchase a membership, similar to how a gym membership works.
About the Business
Building Sq. Ft.:
Amenities rich spaces include concierge-level member services, secure 24/7 access, super-fast Internet, high-speed copier/scanner/printers, meeting rooms that are fully equipped with the latest presentation and conference technology. Additional benefits include centralized café & lounge areas that serve as a hub of activity and foster naturally the collaborative community, free coffee, tea, filtered water, and weekly catered breakfast/lunch, weekly events focused on social, educational, cultural, and entrepreneurial themes, and an online and in person member network to make connections, collaborate, share expertise, and get inspired. All to help businesses grow and to develop meaningful relationships. Consult with Franchisor for more details.
Venture X offers you a menu of beautiful workspace solutions with flexible month-to-month agreements. No leases or long-term contracts required.
Like other “sharing” industries, Venture X franchisees simply provide the modern work space and members buy private memberships, giving them access to open areas or private offices, whichever they prefer. The days of working in a cramped cubicle are over for many people in today’s mobile work world. That has led to a rise of coworking spaces that allow for environments that are collaborative, inspiring and stimulating.
Each franchise location is designed to be locally owned by a franchisee who understands the local community, competition and market that they live and work in. Those local connections and being knowledgeable and part of the local community are a definite competitive advantage.
Growth & Expansion:
Backed by the support of franchising giant, United Franchise Group, we are dedicated to the success of each Venture X franchisee. There are systems in place to provide world-class training, operations and marketing support. Our professional staff will provide comprehensive training, market launch expertise and ongoing collaboration and assistance, ensuring that your location gets the attention it deserves to get off the ground and grow successfully.
Venture X! New Virtual Office Franchise Expansions in Texas!
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.