| ||||
Updated Recentlyvelofix Group of Companies vs Clothes Bin Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of velofix Group of Companies vs Clothes Bin including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $169,200 - $202,700 | $156,145 - $199,965 |
| Franchise Fee | $25,000 | $40,000 |
| Royalty Fee | 8% | - |
| Advertising Fee | 2% | - |
| Year Founded | 2012 | 2014 |
| Year Franchised | 2013 | 2015 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | On-The-Job Training: 17 hours Classroom Training: 24 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About velofix Group of Companies
velofix was launched in 2013 by Chris Guillemet, Boris Martin, and Davide Xausa, who all share a passion for cycling and the common belief
that bicycles can help change the world. velofix is the largest fleet of Mobile Bike Shops in North America.
velofix has also been called “one of the most impressive mobile
franchises” by Entrepreneur Magazine. velonews calls Mobile Bike Shops
the #1 Industry Trend in 2017. Veteran Incentives 10% off franchise fee
About Clothes Bin
Clothes Bin® is a national franchise system made up of independently owned bins that are operated by franchisees.
The Clothes Bin® mission is to help people reach their
entrepreneurial dream of business ownership through a semi-absentee
franchise system that promotes environmental stewardship, stimulates the
economy and provides a source of clothes, shoes and textiles in the
United States and throughout the world.
This affordable franchise offers a flexible work schedule, low
overhead and competitive margins, making it the ideal opportunity for
veterans, firemen, teachers, entrepreneurs, part-time workers and anyone
looking for a hands-on business.
- Simply put, there’s no storefront to build out, no inventory to buy and nothing gets spoiled over time.
- Overhead is low.
- The franchise can be managed part-time, on your own time. No set hours to keep or store to maintain.
#389 in Franchise 500 for 2021. Not in Franchise 500 for 2020.