True North Restoration vs Velofix
Franchise Comparison 2026
Both True North Restoration and Velofix are automotive franchises. True North Restoration requires an investment of $140K – $233K while Velofix requires $170K – $203K. True North Restoration discloses average revenue of $985K; Velofix does not report Item 19 data. Velofix has SBA lending data on file with a 0.0% charge-off rate. FranchiseVerdict rates True North Restoration A (Strongest tier) and Velofix B (Above average).
| Metric | True North Restoration | Velofix |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $140K – $233K | $170K – $203K |
| Franchise Fee | $50K | $35K |
| Royalty Rate | 7.0% | 8.0% |
| Average Revenue (Item 19) | $985K | N/A |
| SBA Charge-Off Rate | Limited data | 0.0% (10 loans) |
| Total Units | 18 | 74 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2021 | 2014 |
| FDD Year | 2025 | 2022 |
Investment Range
$140K – $233K
$170K – $203K
Franchise Fee
$50K
$35K
Royalty Rate
7.0%
8.0%
Average Revenue (Item 19)
$985K
N/A
SBA Charge-Off Rate
Limited data
0.0% (10 loans)
Total Units
18
74
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2021
2014
FDD Year
2025
2022