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Updated Recentlyvelofix Group of Companies vs NextGen Great Sealcoating Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of velofix Group of Companies vs NextGen Great Sealcoating including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $169,200 - $202,700 | $72,850 - $179,100 |
| Franchise Fee | $25,000 | $15,000 |
| Royalty Fee | 8% | 7.5% |
| Advertising Fee | 2% | 1% |
| Year Founded | 2012 | 2005 |
| Year Franchised | 2013 | 2018 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | Yes/- |
| Inventory | -/Yes | Yes/- |
| Receivables | -/- | -/No |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 17 hours Classroom Training: 24 hours | On-The-Job Training: 33 hours Classroom Training: 10.5 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 | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations 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 | Co-op Advertising Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | 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 NextGen Great Sealcoating
!["NextGen]("https://fddexchange.com/wp-content/uploads/2020/10/NextGen-Great-Sealcoating-300x152.jpg")
NextGen Great Sealcoating is committed to providing you with the highest
quality driveway sealcoating & repair service, using the highest
quality products available. We staff courteous and professional people
whose goal is to deliver outstanding results and ensure your
satisfaction.
Seeking new franchise units in the following regions/states: