velofix Group of Companies
Mobile bike shops

velofix Group of Companies
Mobile bike shops

About
Founded

2012

Franchising Since

2013 (7 Years)

Corporate Address

40 E. Main St.
Newark, DE 19711

Leadership

Chris Guillemet, CEO

Parent Company

Velofix Holdings Ltd.

Financial Requirements
Initial Investment

$170,200 - $202,950

Net-worth Requirement

$50,000

Ongoing Fees
Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

8%

Ad Royalty Fee

2%

Financing Options

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

Veteran Incentives

10% off franchise fee

Support Options
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

On-The-Job Training:

17 hours

Classroom Training:

24 hours

Cost
Initial Investment: Low - $170,200 High - $202,950
Units
+1.5%+2 UNITS (1 Year) +55.3%+47 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 30th, 2019