Velofix Franchise FDD, Profits & Costs (2025)
Founded in 2012 in Vancouver, British Columbia, Velofix is a mobile bike-shop franchise that delivers bicycle repair, servicing, and accessory sales directly to customers at their homes, workplaces, or other convenient locations. The brand operates under Velofix Holdings Ltd., headquartered in Vancouver, with a U.S. corporate presence in Delaware.
Franchising began around 2014 as the company expanded its “shop on wheels” model to meet growing demand from cyclists seeking professional maintenance without the need to visit a traditional bike shop.
Through its franchise network, Velofix owners operate fully equipped mobile vans—typically customized Mercedes Sprinter vehicles—that serve as mobile workshops and retail units.
Each van is stocked with professional-grade tools, parts, and accessories, enabling franchisees to perform full tune-ups, repairs, bike builds, e-bike servicing, and travel packaging.
The brand differentiates itself by offering convenience, personalized service, and a time-saving alternative to brick-and-mortar bicycle stores, catering especially to busy urban professionals and cycling enthusiasts.
Velofix emphasizes sustainability and community engagement by encouraging cycling as a lifestyle while minimizing the environmental footprint of transportation. The franchise’s mobile model also offers operational efficiency, lower overhead costs, and geographic flexibility compared to traditional bike shops.
Initial Investment
How much does it cost to start a Velofix franchise? It costs on average between $203,000 – $252,000 to start a Velofix franchised facility.
This includes costs for the purchase and customization of the mobile van, tools and equipment, initial inventory of bike parts and accessories, and initial operating expenses. The exact amount varies based on factors such as the size of the territory, local market conditions, and whether the franchisee chooses to buy or lease the service vehicle.
| 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 |
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Frequently Asked Questions
How many Velofix locations are there?
As of the latest data, Velofix has approximately 130 mobile bike shop locations across North America.
What is the total investment required to open a Velofix franchise?
The total investment required to open a Velofix franchise ranges from $203,000 to $252,000.
What are the ongoing fees for a Velofix franchise?
Velofix franchisees pay an ongoing royalty fee of 8% of gross sales. They are also required to contribute 2% of gross sales to a marketing and advertising fund that supports national brand promotion and local marketing initiatives.
Who owns Velofix?
Velofix franchise is owned by Velofix Holdings Ltd., a privately held company based in Vancouver, British Columbia, Canada.
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