Velocity Express vs Racing Limos Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Velocity Express vs Racing Limos including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Velocity Express Franchise
Racing Limos Franchise
Investment N/A $39,000 - $100,000
Franchise Fee N/A $22,500 - $77,500
Royalty Fee - $291 per month on your first vehicle
Advertising Fee - -
Year Founded - 2002
Year Franchised - 2003
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Velocity Express Franchise
Racing Limos Franchise
Experience - -

Financing Options

 
Velocity Express Franchise
Racing Limos Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Velocity Express Franchise
Racing Limos Franchise
Training - * Comprehensive course * Extensive operations manual * Personal visits * Telephone visits * Annual conference (3 days) * Networking opportunities * Website support area including message board, franchisee news, local website administration and an extensive on-line library * Toll free help line
Support - -
Marketing - * Custom newsletters and direct mail pieces * Toll free help desk * National toll free lead line * Your own Internet website * Annual national conference * Introductory print ads * Marketing brand package of promotional materials * Public relations pieces * Mobile advertising customizable presentation
Operations - -

Expansion Plans

 
Velocity Express Franchise
Racing Limos Franchise
US Expansion - Yes
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Velocity Express Franchise
N/A
Racing Limos Franchise
$39,000 - $100,000
Franchise Fee
Velocity Express Franchise
N/A
Racing Limos Franchise
$22,500 - $77,500
Royalty Fee
Velocity Express Franchise
-
Racing Limos Franchise
$291 per month on your first vehicle
Advertising Fee
Velocity Express Franchise
-
Racing Limos Franchise
-
Year Founded
Velocity Express Franchise
-
Racing Limos Franchise
2002
Year Franchised
Velocity Express Franchise
-
Racing Limos Franchise
2003
Term Of Agreement
Velocity Express Franchise
-
Racing Limos Franchise
-
Renewal Fee
Velocity Express Franchise
-
Racing Limos Franchise
-


Business Experience Requirements

Experience
Velocity Express Franchise
-
Racing Limos Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Velocity Express Franchise
-/-
Racing Limos Franchise
-/-
Start-up Costs
Velocity Express Franchise
-/-
Racing Limos Franchise
-/-
Equipment
Velocity Express Franchise
-/-
Racing Limos Franchise
-/-
Inventory
Velocity Express Franchise
-/-
Racing Limos Franchise
-/-
Receivables
Velocity Express Franchise
-/-
Racing Limos Franchise
-/-
Payroll
Velocity Express Franchise
-/-
Racing Limos Franchise
-/-

Training & Support

Training
Velocity Express Franchise
-
Racing Limos Franchise
* Comprehensive course * Extensive operations manual * Personal visits * Telephone visits * Annual conference (3 days) * Networking opportunities * Website support area including message board, franchisee news, local website administration and an extensive on-line library * Toll free help line
Support
Velocity Express Franchise
-
Racing Limos Franchise
-
Marketing
Velocity Express Franchise
-
Racing Limos Franchise
* Custom newsletters and direct mail pieces * Toll free help desk * National toll free lead line * Your own Internet website * Annual national conference * Introductory print ads * Marketing brand package of promotional materials * Public relations pieces * Mobile advertising customizable presentation
Operations
Velocity Express Franchise
-
Racing Limos Franchise
-

Expansion Plans

US Expansion
Velocity Express Franchise
-
Racing Limos Franchise
Yes
Canada Expansion
Velocity Express Franchise
-
Racing Limos Franchise
-
International Expansion
Velocity Express Franchise
-
Racing Limos Franchise
-

Company Overviews

About Velocity Express

TransForce has purchased Stafford, Texas-based Velocity Express and its subsidiaries, which include 80 locations across the US and Western Canada, employing about 2,600 staff and independent contractors. Velocity provides same-day regional delivery services.

About Racing Limos

Racing Limos was founded by Bryan Pease in Naples, FL in 2002 as a specialty transportation company.  At its peak, Racing Limos boasted 53 active franchise locations, but the 2007-2009 downturn slid the franchise operations into difficult times.

James Albion (Dover, NH) got involved with the NH franchise as an ad agency, ZMJ Advertising (founded in 1992), and felt the company had potential more as a marketing & advertising company than a limousine service.  Albion took over the Racing Limos business under his NH corporation, Racing Limos America, Inc., in April 2010.

"With the economy likely to stay in the dumper for another 10 years, and gasoline showing signs that we could see $5 - $6 per gallon, I saw the potential of the business moving into marketing and away from a luxury service.  Regardless of economy, businesses advertise, and when the economy is very difficult, as it is now, businesses are looking for more creative, aggressive forms of advertising to keep moving forward.  We are that aggressive, creative business."

Franchises are priced as turnkey operations, making it easier for a franchise owner to be in business and moving forward from Day 1.