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Updated Recentlyvelofix Group of Companies Franchise
Cycle shop
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.
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How much does it cost to open a velofix Group of Companies Franchise?
The investment required to open a velofix Group of Companies Franchise is between $169,200-$202,700. There is an initial franchise fee of $25,000 which grants you the license to run a business under the velofix Group of Companies name.
Individual Unit Costs
- Initial Investment:
$169,200-$202,700 - Initial Franchise Fee:
$25,000 - Royalty Fee:
8% - Advertising Fee:
2%
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When did velofix Group of Companies start Franchising? 2013
United States: Nationwide
Canada: Nationwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | Yes |
| Startup Costs | N/A | Yes |
| Equipment | N/A | Yes |
| Inventory | N/A | Yes |
| Accounts Receivable | N/A | N/A |
| Payroll | N/A | N/A |
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
To calculate how much income a franchise owner can do at velofix Group of Companies Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for velofix Group of Companies and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a velofix Group of Companies franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
velofix Group of Companies
velofix Group of Companies
2711 Centerville Road, Suite 400
Wilmington,
DE
19808