Velofix Announces 50th Franchise Sold

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Contact: Mark Riedy

mark@trueoverdrive.com

415.302.2923

Velofix Announces 50th Franchise Sold

North America’s largest fleet of Mobile Bike Shops cements leadership position.

(June 7th, 2016) Velofix has announced that the company has moved past the threshold of 50 franchises sold last month with the sale of multiple franchises in Southern Florida. Launched in 2012, Velofix provides premium service and last-mile sales and delivery of mountain, road, triathlon, commuter, and electric bicycles and accessories. Velofix works with a range of leading brands including Shim ano, SRAM, Continental Tire, Stages Power Meters, Zipp and others. By the end of 2016, Velofix plans to have 100 franchises sold.

“We’ve always believed that consumers would choose convenience and the highest level of customer service,” said Velofix co-founder Chris Guillemet. “With over 55 franchises now sold, it is clear that the consumer values a direct mobile service. The number of customers across the United States and Canada who’ve shown us that they simply prefer taking advantage of premium service and direct delivery wherever it’s convenient for them has been staggering. There’s no question in our minds that Velofix will continue to grow rapidly and be a game changer in the retail bicycle industry.”

Velofix launched its first Mobile Shop in January 2013 and has quickly grown to have representation in every major Canadian market as well as most major American markets. In addition to Velofix DIRECT which provides last-mile delivery and service, the company makes it possible for consumers to buy a wide range of category-leading products in all disciplines as well as accessories and sports nutrition.

Velofix is also uniquely positioned to offer ongoing fleet sales and maintenance, employee repair, and lunchtime learning sessions that cover bicycle safety and basic maintenance education for corporate clients.

About Velofix

Founded with a passion for cycling, Velofix was launched in Vancouver in 2012 by Chris Guillemet, Boris Martin and Davide Xausa, who all share a passion for cycling and the common belief that bicycles can help change the world.

Recognized by Entrepreneur magazine, as “one of the most impressive mobile franchises” Velofix has also been featured on the CBC's Dragons Den (Canada’s version of Shark Tank), which resulted in Jim Treliving coming on board as an investor and advisor. Charles Chang of Lyra Growth Partners has also joined as an investor. Currently operating in every major Canadian market and many key American markets, Velofix currently has plans to expand to a total of 100 franchises across North America.

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