All Press Releases for November 29, 2018

Venture X Announces Expansion Into Virginia Market

New Facility in Richmond Scheduled to Open in 2019

    WEST PALM BEACH, FL, November 29, 2018 /24-7PressRelease/ -- Venture X®, a premium membership-based workspace community for entrepreneurs and businesses, announced plans to open a 17,862-square-foot facility in Richmond, VA. The new location, owned by Harry Vinson, will be located at 1806 Summit Avenue and upon completion will be the first Venture X shared workspace in the Old Dominion state.

Construction of the $1,575,000 facility began during the last week of November, and is expected to be complete for opening late Q1 or early Q2 of 2019. "There has been a high demand for workspace and growth in the community, and it's exciting that we'll be able to provide a full range of services for working professionals in a modern environment," said Vinson. "This unique concept will help businesses and individuals grow and connect, while creating a synergy for creativity and individual expression."

A member of the United Franchise Group (UFG) group of brands, VTX offers a revolutionary, new concept that goes beyond the "one size fits all" mentality associated with traditional workspaces. It features offices of high quality design, that are equipped with modern furnishings, complemented by outstanding boutique-style hotel amenities

Working with the real estate experts at United Franchise Group, Vinson led a comprehensive search for the best location for this Richmond Venture X, and he says the site fits the needs of the community. "The new facility will be convenient and easily accessible to all our members, and it's located in an area with a growing business population and a diverse client base."

Vinson was attracted to Venture X because of its proven track record, history of support, and a sound business model that attracts a large membership base in a quickly growing industry. "The Venture X brand is forward-thinking in terms of meeting the needs of what workers expect and demand in a digital age," he said. "Operators are armed with a solid corporate infrastructure capable of managing all aspects of site identification, construction, marketing, and ongoing consulting."

The amenities offered at Venture X locations around the world are first class and appeal a wide variety of members, ranging from those who work for large corporations and organizations to smaller businesses and independent contractors or consultants who want to work remotely. Members who belong to one location, have access to all locations.

"Our co-working office space concept provides an environment that fosters relationships," commented Tom Weber, brand President of Venture X. "We consistently focus on quality, and our value-added offerings are the cornerstone of the membership experience."

Richmond owner Vinson is also an Operating Partner with Soundcore Capital Partners, a New York-based private equity firm, providing guidance on valuation and acquisition strategies, and as an independent consultant. For eight years Vinson was president of Commercial Print, Global Packaging, and Envelope divisions of Cenveo, Inc.

Business hours at the new Venture X in Richmond will be from 9 a.m. to 5 p.m., but 24/7 access is an available option. Anyone interested in learning more about opening a Venture X franchise is invited to visit, or call 888-567-8995.

About Venture X
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. We are designing beautiful spaces and developing an environment and community that people love coming to work to every day. Founded in 2012 by entrepreneurs, father and son, David and Brett Diamond, Venture X has been recognized by Inc. as one of the best co-working spaces in the United States. For more information, visit

About UFG
Led by CEO Ray Titus, United Franchise Group is home to a variety of internationally recognized brands including Signarama, Fully Promoted, Experimac, Jon Smith Subs, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, Jon Smith Subs, Venture X, and the Great Greek Mediterranean Grill. With over three decades in the franchising industry and more than 1,600 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.

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