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54ny77
03-26-2016, 05:57 AM
Evolution.

https://www.youtube.com/watch?v=PGepfp9ejl8
Tickdoc
03-26-2016, 06:07 AM
unhappy bike wrenches unite! ( at least hose with good credit and some balls):hello:
54ny77
03-26-2016, 06:09 AM
i wonder what the biz model is for the franchise owner.

looks like a fun retirement gig!
weisan
03-26-2016, 06:10 AM
looks like someone just thrown in a lot of money...

https://tribktla.files.wordpress.com/2013/07/ice-cream-truck1.jpg
Elefantino
03-26-2016, 06:16 AM
$90k setup cost for the van, equipped.

http://www.cyclingindustry.news/velofix-the-floodgates-opened-with-treks-b2c-announcement-dealers-know-whats-coming/
ryker
03-26-2016, 08:36 AM
... plus a percentage of revenue.
oldpotatoe
03-26-2016, 08:54 AM
unhappy bike wrenches unite! ( at least hose with good credit and some balls):hello:

Hmmm..$115,000 up front(van plus franchise buy in fee) with 10% fee going to parent company.

I started 2 bike shops in Boulder with about 1/2 of that. I've done a biz plan for a one man shop in Boulder for about 1/3 of that. Seems keen but lots of $ upfront. The 10% offsets a lot of $ associated with having a store front. Rent, insurance, utilities, internet/phone fees, etc. Plus seems like a lot of time just 'getting there', to the customer, limits what one person can accomplish. I needed about 4-6 'jobs' per day for a decent cash flow.

Interesting tho.
ultraman6970
03-26-2016, 11:23 AM
There was a store than closed here years ago and he tried to do something like that, a mobile shop/repair van and did not work for him. But that doesnt mean wont work maybe in california and in places where people have a lot of money and dont have time to check out their bikes. People that have money pays for everything.
tumbler
03-26-2016, 02:28 PM
Interesting idea with plenty of pros and cons vs. a traditional shop. I've seen similar businesses in both NYC and SF. The upfront costs seem a bit high, but part of the value would be the technology platform, brand, territory claim, etc. I would love to see stats for their existing franchisees like avg revenue per van to see how they are doing.
sg8357
03-26-2016, 02:50 PM
[snip] But that doesn't mean wont work maybe in California and in places where people have a lot of money and don't have time to check out their bikes. People that have money pays for everything.

Yes, but the Velofix owner would have to live 2.5 hours from SF to find
an affordable hovel to live in.
There is a Velofix van around here, downside is tiny parts selection,
so you have to skip a lot possible jobs due to lack parts.