About Velofix Franchise
Velofix is a mobile bicycle repair and servicing franchise that operates under the "VELOFIX" trademark.
Franchisees operate customized Mobile Bike Shops (MBS) — fully equipped vans that travel directly to customers' homes, offices, or event locations to provide on-site repair and servicing of all types of bicycles, as well as ancillary product sales and services.
Target customers include everyday cyclists, commuters, cycling enthusiasts, and corporate clients who value the convenience of having their bikes serviced at their location rather than transporting them to a traditional bike shop.
Velofix Franchise Cost & Fees
Minimum Investment
$170K
Average Investment
$187K
Maximum Investment
$203K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $25,000 | One-time payment upon signing |
| Royalty Fee | 8% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of Gross Sales (Branding Fund Contribution) | National brand fund |
| Total Investment Range | $170,200 – $202,950 | Includes build-out, inventory, working capital |
The investment range of $170K–$203K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (8% of Gross Sales) and marketing fee (2% of Gross Sales (Branding Fund Contribution)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $25,000 |
| Furniture, Fixtures & Equipment | $0 | $2,500 |
| Initial Training Expenses | $3,700 | $7,200 |
| Mobile Bike Shop | $49,000 | $55,500 |
| Designated Equipment Package and Customization of Mobile Bike Shop | $47,000 | $52,000 |
| Computer Hardware | $2,500 | $2,750 |
| Office Supplies, Printing and Stationary | $500 | $1,000 |
| Initial Inventory and Supplies | $12,500 | $12,500 |
| Professional Services | $3,000 | $5,000 |
| Promotional Expenses | $8,000 | $13,000 |
| Insurance | $3,500 | $5,500 |
| Uniforms | $500 | $1,000 |
| Additional Funds – For Initial 3-Month Period | $15,000 | $20,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 plus any fees or expenses incurred |
| Renewal Fee | Franchisor's costs and expenses, not to exceed $7,500 |
| Technology Fee | $140/month per Mobile Bike Shop |
| Audit Fee | Cost of audit, plus any costs incurred as a result of the audit |
| Local Advertising | 2% of Gross Sales |
| Client Services Center Fee | 1.5% of Gross Sales, maximum not to exceed 3% |
| Interest | 18% per year or the maximum lawful rate |
| Additional Training | $600 |
| Optional Ongoing Training Fee | $150 to $350 |
| Conventions | $750 to $1,500 |
| Insurance Fee | A reasonable amount based on expenses |
| Indemnification | Varies according to loss |
| Enforcement Costs | Will vary |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 3-4 days |
| Classroom Training | 24 hours |
| On-the-Job Training | 17 hours |
| Training Location | Virtual (conducted remotely using video conferencing) |
| Additional Training | Mandatory and optional training programs may be provided from time to time. Replacement or successor Lead Mechanic training fee is $600. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Defined by ZIP code or group of ZIP codes, at least one ZIP code |
| Description | You will not receive an exclusive territory. The Franchise Agreement gives you the right to operate a Velofix Business in a geographic area defined by ZIP codes. If you are in compliance, the franchisor will not establish or authorize anyone except you to establish a Velofix Business in the Territory. However, the franchisor retains rights to operate outside the Territory, develop other business systems using the Marks, advertise in the Territory, service Key Accounts within and outside the Territory, and engage in bicycle repair services under other names or marks through any distribution method including the Internet. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | 2 consecutive 5-year periods |
| Renewal Fee | Franchisor's costs and expenses, not to exceed $7,500 |
| Renewal Conditions | Give at least 7 months' and not more than 12 months' notice to renew; meet all required conditions to renewal including signing then-current form of franchise agreement; not be in default; pay all money owed; retain right to Location; pay renewal fee; sign a general release |
| Transfer Fee | $10,000 plus any fees or expenses incurred |
| Transfer Conditions | Pay all amounts due; not be in default; sign a general release; pay transfer fee; transferee must meet franchisor's criteria, complete required training, obtain certifications, provide business plan, guaranty obligations, update Mobile Bike Shop and equipment, enter into then-current franchise agreement |
| Termination for Cause | Franchisor may terminate on default. For curable defaults: 10 days to cure (15 days for failure to pay monies; 10 days for failure to comply with a notice in the Manual). Non-curable defaults include insolvency, bankruptcy, abandonment, conviction of crimes, threat to public health/safety, unauthorized transfer, false records, understatement of Gross Sales by more than 5%, repeated defaults. |
| Non-Compete Period | 2 years |
| Non-Compete Details | For 2 years after termination or expiration, you and your Owners will not have an interest in, manage, advise, assist or participate in the management of any business that is similar to the Velofix Business, within the Territory, or within a 10-mile perimeter of the Territory, or within 10 miles of the perimeter of the Territory of any other Velofix Business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You must devote full time and best efforts to conduct the Business in accordance with the Franchise Agreement. You must employ or contract on a continuing basis a Lead Mechanic to supervise and train all bicycle mechanics. |
| Required Suppliers | Designated Equipment Package from Broken Spoke Outfitters, Inc.; Mobile Bike Shop customization from Broken Spoke; Inventory, products and supplies from Yellow Jersey Supply, Inc.; Promotional Kit from franchisor or affiliate; Uniforms from franchisor or affiliate |
| Supply Restrictions | Must purchase from approved suppliers only. About 98% of initial required purchases and 98% or more of annual purchases must be from franchisor, affiliates, or approved suppliers under franchisor specifications. |
| Franchisor Revenue from Suppliers | Affiliates had revenues of $824,729 from sale of parts, tools, custom trucks and other products to franchisees in fiscal year ending December 31, 2021. Franchisor and affiliates may receive payments, fees, commissions or reimbursements from approved suppliers. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Neither we nor any agent or affiliate of ours offers direct or indirect financing to you, guarantees any note, lease or obligation of yours. |
Velofix Franchise Earnings — Item 19
Velofix does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Velofix does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Velofix Litigation & Risk Flags
Clean Litigation RecordVelofix has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Velofix System Growth
Total Units
99
Franchised
71
Company-Owned
28
Velofix currently operates 71 franchised locations and 28 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 7 | 23 | 97 |
| 2020 | 3 | 9 | 91 |
| 2021 | 1 | 21 | 71 |
Transfers: 6 | Closures: 21
State Registrations
Registered in 16 states: CA, CT, FL, HI, IL, IN, MD, MI, MN, NY, NC, ND, RI, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$1.1M
Net Income
$43K
Total Assets
$3.2M
Audited by Davidson & Company LLP for year ending December 31.
Velofix Franchise — FAQ
The total investment to open a Velofix franchise ranges from $170,200 to $202,950, per their Franchise Disclosure Document. This includes the initial franchise fee of $25,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Velofix charges a royalty fee of 8% of Gross Sales of gross sales, plus a 2% of Gross Sales (Branding Fund Contribution) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Velofix Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Velofix to ensure you have the most up-to-date version.
Velofix does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Velofix has been franchising since 2014. The FDD shows an investment range of $170,200-$202,950, a 8% of Gross Sales royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $25,000 and the total investment ranges from $170,200 to $202,950 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Velofix and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Velofix or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com