Velofix Franchise FDD, Costs & Fees (2025)

Velofix is a mobile bicycle repair and service franchise offering on-site maintenance, parts and rental fleets, serving cyclists and active customers, and known for low overhead, mobile flexibility and a franchise-ready support system.

Velofix was launched in 2012 in Vancouver, British Columbia, with a simple idea: bring bike repair and maintenance directly to the rider. The company operates as a mobile bike-service franchise, sending technicians to customers’ homes, offices, and other convenient spots.

It is run by Velofix Holdings Ltd., based in Vancouver, with an additional corporate presence in Delaware for U.S. operations. The franchise opportunity was introduced around 2014, allowing the brand to scale its “mobile bike shop” concept across multiple markets.

Franchise owners run specially outfitted vans—most often customized Mercedes Sprinter vehicles—that function as traveling repair shops and retail units. These vans carry the equipment, parts, and tools needed to handle a wide range of services.

With the mobile workshop fully stocked, franchisees can perform tune-ups, mechanical repairs, bike builds, e-bike maintenance, and even packing services for cyclists traveling with their bikes.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $35,000
Furniture, Fixtures & Equipment $0 to $2,500
Initial Training Expenses $3,700 to $7,200, plus employee wages (if any)
Mobile Bike Shop $60,500 to $75,500
Designated Equipment Package and Customization of Mobile Bike Shop $54,500 to $67,000
Computer Hardware, Software & Peripherals $6,000 to $7,250
Office Supplies, Printing and Stationary $500 to $1,000
Initial Inventory and Supplies $12,500
Professional Services $3,000 to $5,000
Promotional Expenses $8,000 to $13,000
Insurance $3,500 to $5,500
Uniforms $500 to $1,000
Additional Funds – For Initial 3-Month Period $15,000 to $20,000
TOTAL $202,700 to $252,450
Type of Expenditure Amount
Initial Franchise Fee $35,000
Furniture, Fixtures & Equipment $0 to $2,500
Initial Training Expenses $3,700 to $7,200, plus employee wages (if any)
Mobile Bike Shop $60,500 to $75,500
Designated Equipment Package and Customization of Mobile Bike Shop $54,500 to $67,000
Computer Hardware, Software & Peripherals $6,000 to $7,250
Office Supplies, Printing and Stationary $500 to $1,000
Initial Inventory and Supplies $12,500
Professional Services $3,000 to $5,000
Promotional Expenses $8,000 to $13,000
Insurance $3,500 to $5,500
Uniforms $500 to $1,000
Additional Funds – For Initial 3-Month Period $15,000 to $20,000
TOTAL $202,700 to $252,450

Franchise Disclosure Document

Number of units

Training

Velofix provides a comprehensive training program to ensure franchisees and their teams are prepared to operate their mobile bike shop effectively. The training emphasizes both initial onboarding and ongoing education to maintain service quality and brand consistency. Here are the key programs offered by the franchisor:

  1. Initial Training Program
    Velofix offers an Initial Training Program of up to five days for the franchisee and the Lead Mechanic (or another key employee). This may be conducted on-site, virtually, or a mix of both, and covers all aspects of running the franchised business. The training is provided at no extra cost, though the franchisee must cover travel, lodging, meals, and wages.
  2. Virtual Training Option
    As of the current policy, the Initial Training Program is delivered remotely through video conferencing. Velofix retains the right to shift this to in-person training at a designated location in the future.
  3. Mandatory and Optional Ongoing Training
    Velofix may require franchisees and staff to attend additional training sessions periodically. These can include webinars, interactive tutorials, or in-person events focused on updated policies, procedures, or marketing strategies. Mandatory programs are free, while optional ones may incur a fee.

Territory Protection

Velofix provides its franchisees with a defined territory composed of one or more ZIP codes, as specified in the Franchise Agreement. While this territory is not exclusive, the franchisor agrees that as long as the franchisee complies with the agreement, no other Velofix franchise will be established within the assigned area.

This arrangement offers a level of territorial protection, ensuring the franchisee has space to operate without direct internal competition from another Velofix location.

However, Velofix retains broad rights both inside and outside the assigned territory. The franchisor and its affiliates may continue to develop other business systems, operate under different names, serve Key Accounts, or market system-wide promotions in any area, including the franchisee's territory.

Competitors

Below are some of

Velofix

key competitors in the

Other Automotive

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Upgrade
Gross Profit
Upgrade
EBITDA
Upgrade

34

New
+
-33%
-33%

$35,000

$203,000

$252,000

n.a.

$0

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

Competitors

Velofix

Velofix is a mobile bicycle repair and service franchise offering on-site maintenance, parts and rental fleets, serving cyclists and active customers, and known for low overhead, mobile flexibility and a franchise-ready support system.

Franchisees

?

34
+
-33%
-33%
Investment

?

$203,000 - $252,000

Thrifty Car Rental

Thrifty Car Rental is a vehicle-rental franchise offering airport and local car hire services, serving business and leisure travellers, and known for recognizable brand strength, broad global presence and scalable fleet-management business model.

Franchisees

?

73
+
9%
9%
Investment

?

$879,000 - $15,874,000

RimTyme

RimTyme Custom Wheels & Tires is an automotive retail franchise offering custom wheels, tires, and rent-to-own payment plans, serving vehicle enthusiasts seeking upgrades, and known for same-day installations, flexible financing and a targeted niche market.

Franchisees

?

29
+
-22%
-22%
Investment

?

$473,000 - $802,000

SailTime

SailTime is a boating-lifestyle franchise offering fractional ownership, boat club memberships and watercraft access services, serving recreational boaters and lifestyle-seeking customers, and known for turnkey business operations, proprietary software and proven network support.

Franchisees

?

21
+
-13%
-13%
Investment

?

$75,000 - $152,000

Dollar Rent A Car

Dollar Rent A Car is a car rental franchise offering affordable vehicle rental services to both leisure and business travelers. Franchisees benefit from a recognized brand and a business model designed for operational efficiency.

Franchisees

?

68
+
10%
10%
Investment

?

$879,000 - $15,874,000

Budget Rent A Car

Budget Rent A Car offers affordable car rental services, providing a wide selection of vehicles and convenient rental options for travelers and locals alike.

Franchisees

?

174
+
-8%
-8%
Investment

?

$626,000 - $1,588,000