velofix Group of Companies

Mobile bike shops
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$170K - $203K
Units as of 2019
132 Increase 55.3% over 3 years

Company Overview

About velofix Group of Companies

Industry Services (Other)
Related Categories Miscellaneous Services, Miscellaneous Maintenance Businesses
Founded 2012
Parent Company Velofix Holdings Ltd.
Leadership Chris Guillemet, CEO
Corporate Address 40 E. Main St.
Newark, DE 19711
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 2013 (11 years)
# of employees at HQ 19
Where seeking

This company is offering new franchises worldwide.

This company is offering new franchises in the following US states:

# of Units 132 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a velofix Group of Companies franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$25,000
Initial Investment Information Circle
$170,200 - $202,950
Net Worth Requirement Information Circle
$50,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
8%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
5 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing velofix Group of Companies has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 17 hours
Classroom Training 24 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where velofix Group of Companies landed on this year's Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022