velofix 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

 
velofix Group of Companies Franchise
NextGen Great Sealcoating Franchise
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 20122005
Year Franchised 20132018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
velofix Group of Companies Franchise
NextGen Great Sealcoating Franchise
Experience --

Financing Options

 
velofix Group of Companies Franchise
NextGen Great Sealcoating Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/Yes
Start-up Costs -/Yes-/Yes
Equipment -/YesYes/-
Inventory -/YesYes/-
Receivables -/--/No
Payroll -/--/Yes

Training & Support

 
velofix Group of Companies Franchise
NextGen Great Sealcoating Franchise
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/appCo-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

 
velofix Group of Companies Franchise
NextGen Great Sealcoating Franchise
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

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:
Delaware, Maryland, New Jersey, New York, Pennsylvania

Veteran Incentives  20% off franchise fee