Question 1

How much does it cost to open a Velofix franchise?

Accepted Answer

The total initial investment for a Velofix franchise ranges from $203K to $252K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Velofix franchise fee?

Accepted Answer

The initial franchise fee for Velofix is $35K.

Question 3

What are the net worth requirements for a Velofix franchise?

Accepted Answer

Net worth requirements for Velofix are specified in the Franchise Disclosure Document.

Question 4

Does Velofix require a personal guarantee?

Accepted Answer

Yes, Velofix requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Velofix franchise?

Accepted Answer

Equipment costs for a Velofix franchise range from $55K to $67K. Initial inventory costs range from $13K to $13K.