Question 1

How many Velofix franchise locations are there?

Accepted Answer

Velofix currently has 74 total units, including 34 franchised locations and 40 company-owned locations.

Question 2

Is the Velofix franchise system growing or shrinking?

Accepted Answer

Velofix has experienced negative net growth of -2.6% over the past year, with a 3-year compound annual growth rate (CAGR) of -7.7%.

Question 3

What is the franchise vs. company-owned ratio for Velofix?

Accepted Answer

Velofix has a franchise ratio of 46%, meaning 46% of all units are franchisee-owned. This indicates significant company ownership of units.

Question 4

How many Velofix franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Velofix had 2 units opened and 4 units closed.