Velofix

Franchise agreement

Franchisee shall establish a bookkeeping, accounting and recordkeeping system conforming to the requirements prescribed from time to time by Franchisor

Franchise agreement

Franchisor directly and through its authorized representatives shall be entitled and Franchisee shall cooperate with Franchisor to permit Franchisor and its authorized representatives from time to time to access electronically all information which Franchisor deems advisable to its monitoring of Franchisee’s Business…

Franchise agreement

Franchisee shall furnish to Franchisor such reports as Franchisor may require from time to time.

Item 8

Our affiliate, Yellow Jersey, is currently the approved supplier of inventory, products and supplies for our franchisees

Franchise agreement

Franchisor reserves the right to periodically designate or approve suppliers of any such items and if Franchisor requires, Franchisee agrees to purchase or lease all such items only from suppliers Franchisor designates or approves, which may include or be limited to Franchisor and/or its affiliates.

Item 8

In our last fiscal year ending December 31, 2024, we did not receive any revenues from the sale of products or services to franchisees in the United States, however, our affiliates had revenues of $271,936 or the sale of parts, tools custom trucks and other products to franchisees.

Item 8

We may profit from your purchases from approved suppliers, and we and/or our affiliates may receive payments, fees, commissions or reimbursements from such suppliers in respect of your purchases.

Item 8

We estimate your required purchases for the operation of the Business will be 98% or more of your annual purchases or leases.

Franchise agreement

If Franchisee wishes to use any type or brand of item, or wishes to purchase an item from a supplier, that is not currently approved by Franchisor, Franchisee must notify Franchisor in writing of Franchisee’s desire to do so and submit to Franchisor (or to an independent laboratory Franchisor designates)…

Franchise agreement

Franchisee acknowledges that by the assignment shown in Schedule B attached hereto, Franchisor will have the sole option to acquire all rights to, and interest in, all telephone numbers, and directory listings associated with the Marks.

Franchise agreement

Franchisee agrees that it will cause the Franchised Business to meet or exceed, at all times, all applicable security standards developed by the Payment Card Industry Data Security Standards (“PCI DSS”) council, or its successor, and other regulations and industry standards applicable to the protection of customer…

Franchise agreement

Franchisee must participate in and comply with all of Franchisor’s Customer satisfaction and Customer survey programs.

Franchise agreement

Franchisor shall have the right, during normal business hours and with reasonable prior notice to Franchisee, to inspect or audit, or cause to be inspected or audited the financial books, records, bookkeeping and accounting records, documents or other materials in respect of the Franchised Business

Franchise agreement

Franchisor has the right to add to or modify the Manual from time to time to, among other reasons, change operating procedures, maintain the goodwill associated with the Marks, and enable the System to remain competitive.

Franchise agreement

Without Franchisor’s prior written approval, which Franchisor may give or withhold in Franchisor’s sole discretion, Franchisee may not develop, create, generate, own, or otherwise use any computer and/or electronic media (including but not limited to the Internet, bulletin boards, social networking sites (e.g.…

Franchise agreement

Franchisee shall expend an initial amount of not less than five thousand ($5,000.00) dollars on a pre-opening and opening promotional campaign for the Franchised Business at least one (1) week immediately preceding the opening and the first three (3) weeks of operation of the Franchised Business and provide…

Item 6

You must spend an amount equal to 2% of your Gross Sales on local advertising and promotion of your Business each fiscal year.

Item 11

You must participate in, and comply with the requirements of, any gift card, gift certificate, customer loyalty or retention programs that we implement for all or part of the Velofix franchise system and sign the forms and take the other action we require for you to participate in these programs.

Item 8

You must purchase our recommended level of approved brands or types of inventory, products and supplies only from suppliers approved by us, which may include us or our affiliates.

Item 8

You must purchase from our designated supplier the Designated Equipment Package, which includes hand tools, fixed equipment, customized stainless steel shelving and custom work surface and storage solutions that we require to be used and installed in each Mobile Bike Shop you put into service.

Franchise agreement

Franchisee hereby authorizes Franchisor to initiate electronic debit entries (“EFT”) against Franchisee’s designated bank account and agrees to execute an authorization in the form of Schedule F to this Agreement and all other documents necessary to effect the authorization given herein.

Item 11

You must participate in, and comply with the requirements of, any gift card, gift certificate, customer loyalty or retention programs that we implement for all or part of the Velofix franchise system and sign the forms and take the other action we require for you to participate in these programs.

Franchise agreement

Employ sufficient staff to properly operate the Franchised Business in accordance with this Agreement and the Manual, including employing or contracting a Lead Mechanic at all times who has completed the Initial Training Program to Franchisor’s satisfaction;

Franchise agreement

Franchisee shall, in all dealings with its Customers, suppliers and the public adhere to the highest standards of honesty, integrity, fair dealing and ethical conduct; (i) Immediately report any escalated Customer complaints to Franchisor and to participate in any procedures specified by Franchisor for the resolution…

Item 11

We may require you to provide us with independent access to information and data maintained on your computer system.

Franchise agreement

The Initial Training Program is provided at no additional charge; however, Franchisor reserves the right to charge a reasonable fee for training successor or replacement personnel.

Franchise agreement

Attendance at such conventions is mandatory and will be at Franchisee’s sole cost and expense.