Velofix operates a mobile bicycle repair franchise system with 74 total units (34 franchised, 40 company-owned). The investment ranges from $202,700 to $252,450 with a $35,000 franchise fee. Key concerns include a high turnover rate of approximately 50% over the past three years and no financial performance representations provided. The franchise offers exclusive ZIP code-based territories and requires full-time owner involvement. The business model involves mobile workshops providing on-site bicycle repair services.
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Total startup costs, working capital, and financial requirements
Training, marketing support, technology, and operational assistance
Royalty, marketing, technology, and other ongoing fees
Revenue data, P&L estimates, and financial projections
Lawsuits, disputes, and legal risk assessment
Territory rights, term length, non-compete, and transfer rules
82 legal provisions scored on a franchisee-friendliness scale
Unit growth trends, exit rates, and system trajectory
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