WEST PALM BEACH, FL, March 08, 2022 /24-7PressRelease/ — Michael White, director of development for the family of brands affiliated with United Franchise Group (UFG), is now president of leading high-end coworking space franchise Venture X Franchising, LLC. At the forefront of this industry with locations in seven countries and 14 U.S. states – including key spaces in the nation’s most business-rich and entrepreneurial cities, Venture X® represents the next generation of shared space, not just coworking, but pro-working: premium and flexible environments for professionals.
“After two decades of being part of the United Franchise Group ecosystem and its exponential growth across the globe, I am honored to guide Venture X into its exciting next phase,” said White. “With work setups seemingly changing from week to week, Venture X is uniquely positioned to lead the coworking space industry due to its unique business model, premium amenities, and… unparalleled experience.”
White takes the reins of Venture X as it gains even greater notoriety and notoriety. In fact, Venture X ranked 261st in Entrepreneur magazine’s Franchise 500® rankings, the world’s first and most comprehensive ranking of franchises. The list measures success by looking at outstanding performance in unit growth, financial strength and stability, and brand power.
In January 2022, Worcester Business Journal acknowledged Venture X in Marlborough Apex Center — launched in 2018, 30 miles west of Boston, MA — as the top business incubator in the publication’s annual “Best Of” roundup. Venture X in Marlborough, MA is owned by Ryan Gagne.
Besides, Venture X in Lewisville, TXwhich is located in The Realm at Castle Hills, Texas, won the Colony Chamber of Commerce’s Best Business Service of 2021 award at its Salute the Stars gala.
In 2021, readers of Addison magazine recognized the Venture X, Gallery located in North Dallas, tastefully decorated with Herman Miller furniture, as their favorite coworking/virtual office space. Venture X in North Dallas is owned by Nadim Ahmed.
White’s passion for franchising and his relationship with United Franchise Group began in 2000 while working as a marketing representative for a Signarama franchise. Since then, he has excelled in various roles within the organization, including Regional Vice President and Director of Sales.
As President of Venture X, White will actively oversee marketing and brand development efforts, both domestically and internationally. He is based at Venture X in Durham, North Carolina, at the epicenter of the state’s Research Triangle, a hotbed of innovation and technology.
The growth prospects for coworking spaces are bright and continue to increase every year, as evidenced by a study published by Coworking Resources and coworking.com, “The number of coworking spaces worldwide is expected to reach nearly 20,000 this year and [surpass] 40,000 by 2024.”
Coworking spaces are becoming increasingly popular in Europe, with Venture X having two locations in the UK and a brand new location in Madrid, Spaina city that is home to a growing number of digital nomads.
Additionally, according to the KPMG 2021 CEO Outlook, corporate CEOs are now more interested in providing flexibility to their workforce, with 51% looking to invest in shared office space.
A global leader for entrepreneurs, United Franchise Group is home to a community of 11 affiliated brands and consultants. With a 36-year history in the franchise industry and a network of award-winning franchise affiliates operating in over 60 countries, it has been recognized for its contributions to leadership, education and training in the development of franchises, connected with some of the biggest biggest names in the industry.
Venture X® is a co-working space and community that is a mix of boutique hotel and modern office styles, with a high level of design that feels professional and welcoming. Venture X designs beautiful spaces and develops an environment and community where people love to come to work every day. Recognized by Inc. magazine as one of the best coworking spaces in the United States, Venture X is part of a thriving community of associate consultants, businesses and brands affiliated with the United Franchise Group (UFG). For more information on the locations, visit www.venturex.com and for more information on franchise opportunities, visit www.venturexfranchise.com.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group is home to an affiliated family of brands and consultants, including Accurate Franchising, FranchiseMart, Fully Promoted, Network Lead Exchange, Preveer (formerly Resource Operations International), Signarama, Transworld Business Advisors, Venture X and a food division with Jon Smith Subs, The Great Greek Mediterranean Grill and Graze Craze. With more than three decades in the franchise industry and more than 1,600 franchisees worldwide, United Franchise Group provides unparalleled leadership and strong business opportunities for entrepreneurs.
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