Venture X

The vendor opportunity at Venture X

Venture X operates 61 franchised coworking spaces, all run by single-unit franchisees. The brand posted a 7% year-over-year unit growth rate and an average unit volume of $1,499,855. For software vendors, the addressable market is compact but centralized: every location follows the same tech mandates handed down from headquarters in Florida. There are no multi-unit operators to fragment the sales process, and no company-owned units are disclosed in the 2025 FDD. The operator footprint spans 81 mapped individuals across roughly 81 located units, with the heaviest concentration in Florida (16 units) and Texas (15 units), followed by Colorado (6), South Carolina (5), and Virginia (5).

Who controls software purchasing

Purchasing authority sits with the franchisor’s executive team. The FDD lists Ray Titus as Managing Member, with Jason Anderson serving as President and Chief Strategy Officer and Brady Lee as Chief Operating Officer. Todd Newton is Chief Financial Officer, and Michael White leads development as Chief Development Officer. No dedicated CIO or CTO is named, meaning strategic technology decisions likely fall to Anderson or Lee. For vendors, the path into Venture X starts with these HQ roles, not with individual franchisees. The brand’s structure—no parent company on file, appearing independently owned—keeps the buying center lean.

Mandated and current tech stack

Venture X mandates two technology components across its system. The first is a proprietary platform called System Site. The second is a workspace management software suite that covers point-of-sale and customer relationship management functions. The FDD does not name the specific vendor behind the workspace management/POS/CRM system, only that it is required. For software sellers, this means any pitch must address how your product coexists with or improves upon a mandated, likely embedded operational stack. Integration with coworking-specific workflows—booking, billing, member management—is table stakes.

Procurement, renewals, and timing

The 2025 FDD does not include an Item 8 extract, so the formal procurement model—whether designated supplier, approved supplier, or open—is not publicly disclosed. Vendors should request this detail during initial conversations with HQ. On the renewal side, Item 17 outlines a 35-year term with conditions: a $2,500 renewal fee, a remodel requirement, signed releases, and the possibility of a new Franchise Agreement with materially different terms. These long cycles mean renewal-driven software switches will be rare. The more realistic entry point is new unit openings, given the brand’s 7% growth rate, or a compelling case for system-wide adoption driven at the executive level.

How to read the Venture X FDD

The 2025 Franchise Disclosure Document is the authoritative source for unit counts, executive contacts, mandated technology, and financial performance representations. The embedded PDF viewer below contains the full filing. Key sections for software vendors include Item 1 (executives), Item 11 (mandated systems), and Item 17 (renewal terms). Use these to validate the decision-maker list and tech stack before outreach. For a ranked target list of franchise brands matched to your software category, FranCloud can help.