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Updated Recentlyvelofix Group of Companies vs AR WORKSHOP Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of velofix Group of Companies vs AR WORKSHOP 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 | $71,449 - $125,666 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 8% | 6% |
| Advertising Fee | 2% | 1% |
| Year Founded | 2012 | - |
| Year Franchised | 2013 | - |
| 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 | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| 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 |
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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 AR WORKSHOP
!["AR]("https://fddexchange.com/wp-content/uploads/2019/08/AR-WORKSHOP.jpg")
Our AR WORKSHOP DIY workshop franchise opportunity is a way to make a living and to become integrated in your community offering hands-on classes to create customizable home decor pieces
out of raw materials including wood, canvas and other media. Wine and
beer may be sold or brought on a bring-your-own beverage basis by
customers of your workshop.
We do not have one particular idea of what a workshop owner should look like, which means our franchise partners come from all walks of life.
The total investment necessary to begin operation of an AR WORKSHOP
franchise is between $71,449 and $125,666. This includes $27,280 that
must be paid to the franchisor or affiliate for the operation of one
outlet and $22,280 that must be paid to the franchisor or affiliate for
operation of a second or subsequent outlet.
Veteran Incentives 10% off franchise fee
#307 in Franchise 500 for 2021. Not in Franchise 500 for 2020.