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Updated Recentlyvelofix Group of Companies vs HMI Concrete raising Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of velofix Group of Companies vs HMI Concrete raising 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 | $50,000 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | 8% | - |
| Advertising Fee | 2% | - |
| Year Founded | 2012 | 1974 |
| Year Franchised | 2013 | 1974 |
| 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 | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | Yes |
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 HMI Concrete raising
!["HMI]("https://d1v10wa6gxsq73.cloudfront.net/images/sponsors/3663/HMI_NEW120.jpg")
HMI began as RaiseRite Concrete Lifting, Inc. in 1974. At that time, the
only slab raising pumps on the market were mechanical pumps designed in
the 1950’s, and needless to say, innovation wasn’t a descriptive word
for our industry.
Innovation and meeting customers’ expectations has driven us to become a world
leading manufacturer of concrete raising equipment and materials.
Through our history, we have led the concrete raising industry by
developing and introducing self-propulsion, radio remote control,
increased pumping speeds, and other improvements to our equipment to
meet the concrete raising industry’s needs.