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Investment
$170,200
Initial Franchise Fee
$25,000
Units
132
Growth Rate
+55.3%
Overview
Investment Details
Initial Franchise Fee
$25,000
Initial Investment
$170,200 - $202,950
Net Worth Requirement
$50,000
Cash Requirement
Royalty Fee
8%
Ad Royalty Fee
2%
Technology Fee
N/A
Term of Agreement
5 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
10% off franchise fee
Available Territories
Franchising opportunities available in the following regions
United States
International
Training & Support Programs
Comprehensive training and ongoing support to help you succeed
Training
On the Job Training
17 hours
Classroom Training
24 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Operations & Requirements
Key operational details and requirements for running this franchise
Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
N/A
Are exclusive territories available?
Yes
Ranking History
velofix Group of Companies performance in the Franchise rankings over recent years
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022