Potential Venture X franchisees should be careful to consider all financial obligations and expenses.
While this is a phenomenal investment opportunity, in order to ensure a successful launch, you’ll want to secure sufficient funding. Below is an outline of some of the costs you can expect to incur while getting your Venture X franchise off the ground. Figures below are in Canadian Dollars.
The Franchise Fee
Our franchise fee is a standard, set amount of CAD$69,500, based on a number of factors, including: company expenses for grant and acquisition, uniqueness of the business, complexity levels, overall revenue streams, just to name a few.
Readily convertible assets are referred to as liquid capital. This is an important determining factor in whether or not your business will be financially stable after your launch, until you begin to turn a profit. There is a minimum requirement of liquid capital in order to start your Venture X franchise.
As a Venture X franchisee, you can expect to invest approximately CAD$600,000 – $800,000 (some up to $1M depending on size and location) which does include your $69,500 franchise fee. These costs cover a multitude of expenses such as furniture, appliances, media equipment, rent, insurance and more.
Venture X Royalties
All Venture X franchisees will pay 6% of gross revenue towards royalties. This is a monthly, recurring expense for the life of your business, and covers such items as our ongoing support and other resources provided by the brand and corporate office.