Velofix vs True North Restoration
Franchise Comparison 2026
Both Velofix and True North Restoration are automotive franchises. Velofix requires an investment of $170K – $203K while True North Restoration requires $115K – $233K. 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 Velofix F (Bottom Quintile) and True North Restoration A (Top Quintile).
| Metric | Velofix | True North Restoration |
|---|---|---|
| Verdict Grade | FBottom QuintileBottom Quintile | ATop QuintileTop Quintile |
| Investment Range | $170K – $203K | $115K – $233K |
| Franchise Fee | $25K | $50K |
| Royalty Rate | 8.0% | 7.0% |
| Average Revenue (Item 19) | N/A | $985K |
| SBA Charge-Off Rate | 0.0% (10 loans) | Limited data |
| Total Units | 99 | 18 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2014 | 2021 |
| FDD Year | 2022 | 2025 |
Investment Range
$170K – $203K
$115K – $233K
Franchise Fee
$25K
$50K
Royalty Rate
8.0%
7.0%
Average Revenue (Item 19)
N/A
$985K
SBA Charge-Off Rate
0.0% (10 loans)
Limited data
Total Units
99
18
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2014
2021
FDD Year
2022
2025