About Velox Valuations Franchise
Velox Valuations is a real estate appraisal and valuation services franchise.
Franchisees operate a business offering real estate appraisals and other valuation services to a diverse client base, including lenders, attorneys, appraisal management companies, and private homeowners.
Day-to-day operations involve conducting property appraisals, managing client relationships through CRM software, and delivering valuation reports using specialized appraisal technology platforms.
Velox Valuations Franchise Cost & Fees
Minimum Investment
$36K
Average Investment
$48K
Maximum Investment
$60K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $20,000 | One-time payment upon signing |
| Royalty Fee | 10% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of gross sales (Brand Fund Contribution) | National brand fund |
| Total Investment Range | $35,800 – $60,200 | Includes build-out, inventory, working capital |
The investment range of $36K–$60K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (10% of Gross Sales) and marketing fee (2% of gross sales (Brand Fund Contribution)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $20,000 | $20,000 |
| Rent, Utilities, and Leasehold Improvements | $0 | $0 |
| Market Introduction Program | $3,000 | $5,000 |
| Computer Systems | $3,000 | $4,000 |
| Insurance | $400 | $1,200 |
| Vehicle | $0 | $3,000 |
| Signage | $400 | $2,000 |
| Office Expenses | $500 | $1,000 |
| Licenses and Permits | $500 | $2,000 |
| Professional Fees (lawyer, accountant, etc.) | $1,000 | $3,000 |
| Travel, Lodging and Meals for Initial Training | $2,000 | $4,000 |
| Additional Funds (first 3 months) | $5,000 | $15,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs |
| Technology Fee | $120/month |
| Audit Fee | Our actual cost |
| Local Marketing/Required Spending | 1% of gross sales |
| Replacement/Additional Training Fee | $450 per day for in person training |
| Software Subscription Charges | $400 to $500/month |
| Non-compliance Fee | $500 per event; $250/week thereafter |
| Reimbursement | Amount spent on your behalf plus 10% |
| Late Fee | $100 plus interest at 18% per year |
| Insufficient Funds Fee | $30 |
| Costs of Collection | Our actual costs |
| Optional Appraiser Referral Fee | $1,500 per referral |
| Territorial Rights Infringement Fee | Greater of $500 or 75% of amount paid by customer |
| Customer Complaint Resolution | Our actual expenses |
| Non-compliance Cure Costs and Fee | Our out-of-pocket costs plus 10% |
| Liquidated Damages | Royalty and Brand Fund fees for lesser of 2 years or remaining term |
| Indemnity | Our costs and losses from legal action related to franchise operation |
| Prevailing Party Legal Costs | Attorney fees, court costs, and other expenses |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 29 total hours (13 classroom, 16 on-the-job) |
| Classroom Training | 13 hours |
| On-the-Job Training | 16 hours |
| Training Location | Headquarters in Greenwood, Indiana (HQ) or via video conference; on-the-job training at your location |
| Additional Training | Ongoing monthly support calls via videoconference. Additional training fee of $450/day if sending more than 3 trainees or sending trainees after opening. Virtual training may be offered at no fee or lower fee. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | 750,000 to 1,000,000 in population |
| Description | Territory based on specific market characteristics, specified by population size, a radius around location, zip codes, county or city lines, or some other limit. Franchisor will not operate or grant a franchise for another Velox Valuations business located in your territory or that has rights to market or solicit customers in your territory, provided franchisee is in full compliance. However, franchisor reserves broad rights including serving customers in territory via other channels, National Accounts, and merger/acquisition activity. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | Up to 2 additional 5-year terms |
| Renewal Conditions | Give advance notice; be in compliance with all contractual obligations; conform business to then-current standards; sign then-current franchise agreement and related documents including personal guaranty; sign general release (unless prohibited by applicable law) |
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs |
| Transfer Conditions | Pay transfer fee; buyer meets franchisor's standards; buyer is not a competitor; buyer signs then-current franchise agreement; franchisee has made all payments and is in compliance; buyer completes training; franchisee signs general release; business complies with then-current system specifications |
| Termination for Cause | Non-payment (10 days to cure); violate franchise agreement other than non-curable default (30 days to cure); non-curable defaults include misrepresentation, knowingly submitting false information, bankruptcy, violation of law, violation of confidentiality, violation of non-compete, slander or libel, refusal to cooperate with audit, cease operations for more than 15 consecutive days, three defaults in 12 months, felony conviction |
| Non-Compete Period | 2 years |
| Non-Compete Details | For 2 years after termination or expiration, neither franchisee, any owner, nor any spouse of an owner may have ownership interest in, lend money or provide financial assistance to, provide services to, or be employed by, any competitor operating in your former territory or the territory of any other Velox Valuations business operating on the date of termination. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Franchisee must participate personally in the direct operation of the business and devote substantial time and attention. If owned by an entity, a Principal Executive must be designated who owns at least 10% of the business, has decision-making authority, and must complete all training programs. |
| Required Suppliers | Franchisor is the designated provider of the following software: Anow (record production), LastPass (password management), Parsehub (data aggregator), Parserr (data extractor from emails), and Office365. Franchisees must also use QuickBooks, Stripe, Alamode Total, an approved CRM system, and Spark or DataMaster. |
| Supply Restrictions | Franchisees must purchase or lease all goods, services, supplies, equipment, computer hardware and software from franchisor, franchisor's designee, or approved suppliers. Alternative suppliers require written approval. |
| Franchisor Revenue from Suppliers | Franchisor receives a 10% rebate from vendor Paylocity (HRIS) based on franchisee purchases. Revenue from required purchases in prior fiscal year was $0. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Direct financing for a portion of the initial franchise fee for qualifying franchisees. Existing employees (1+ year) or honorably discharged U.S. Military Veterans pay $15,000 discounted fee: $7,500 upon signing, remainder in 12 monthly payments of $645.50 at 6% interest. Existing certified appraisers pay $20,000: $12,500 upon signing, remainder in 12 monthly installments of $1,075.83 at 6% interest. Promissory note required (Exhibit G). |
Velox Valuations Franchise Earnings — Item 19
Average Revenue
$129K
Median Revenue
$122K
Revenue Range
$75K – $286K
Sample Size
38 units
Past financial performance does not guarantee future results. Individual results will vary.
Velox Valuations Litigation & Risk Flags
Clean Litigation RecordVelox Valuations 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.
Velox Valuations System Growth
Total Units
40
Franchised
0
Company-Owned
40
Velox Valuations currently operates 0 franchised locations and 40 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 2 | 2 | 32 |
| 2022 | 8 | 1 | 38 |
| 2023 | 2 | 1 | 40 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 15 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, OR, RI, SD, VA, WA, WI
Velox Valuations Franchise — FAQ
The total investment to open a Velox Valuations franchise ranges from $35,800 to $60,200, per their Franchise Disclosure Document. This includes the initial franchise fee of $20,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Velox Valuations charges a royalty fee of 10% of Gross Sales of gross sales, plus a 2% of gross sales (Brand Fund Contribution) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Velox Valuations 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 Velox Valuations to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Velox Valuations franchise owners report average revenue of $129K and median revenue of $122K. This is based on a sample of 38 units. Past performance does not guarantee future results.
Velox Valuations has been franchising since 2024. The FDD shows an investment range of $35,800-$60,200, a 10% of Gross Sales royalty, and includes an 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 $20,000 and the total investment ranges from $35,800 to $60,200 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 Velox Valuations and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Velox Valuations or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com