Velox Valuations Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$35,800 - $60,200
Franchise Fee
$15,000
Total US Locations
42
Business Summary
Velox Valuations operates a business that offers real estate appraisals and other valuation services. These services are provided to a variety of clients including lenders, attorneys, appraisal management companies, and private homeowners.
Corporate History
Franchise Velox Valuations LLC, the franchisor, was formed on April 23, 2024, originally named Velox Holdings, LLC, and changed its name on November 4, 2024. Its parent company, Velox Valuations LLC, was formed on January 19, 2020, and has been operating Velox Valuations businesses since 2020. As of December 31, 2024, the parent company operated 40 Velox Valuations businesses across the United States. Franchise Velox Valuations LLC began offering franchises in May 2024.
Financial Overview
Investment Range
$35,800 - $60,200
Franchise Fee (Low)
$15,000
Franchise Fee (High)
$20,000
Royalty %
10%
Marketing %
2%
Equipment Costs (Low)
$3,000
Equipment Costs (High)
$4,000
Working Capital
$10,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
The franchisor's financial condition, as shown in its financial statements, raises questions about Velox Valuations' ability to provide necessary services and support to its franchisees.
Financing Details
Velox Valuations offers direct financing for a portion of the initial franchise fee to qualifying franchisees. Existing employees of Velox Valuations for at least one year or honorably discharged U.S. Military Veterans can finance a $15,000 fee, paying $7,500 upfront and the remaining $7,500 in 12 monthly installments with a 6% interest rate. Existing certified appraisers purchasing a Velox Valuations franchise can finance their $20,000 initial fee, paying $12,500 upfront and the remaining $7,500 in 12 monthly installments also with a 6% interest rate. There are no security interests or additional personal guarantees required for these loans beyond the standard franchise agreement guarantee. The debt can be prepaid at any time without penalty.
Performance Metrics
Total US Locations
42
Franchised Units
1
Corporate Units
41
Franchising Since
2024
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Velox Valuations has no litigation to report. The franchisor or its management has not been involved in any material lawsuits or legal proceedings that require disclosure.
Bankruptcy History
Velox Valuations has no bankruptcy history to report for the franchisor or its key personnel. No bankruptcy information is required to be disclosed in this FDD.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their Velox Valuations franchise, franchisees must provide advance notice, be in full compliance with all contractual obligations to the franchisor and third parties, and ensure their business meets the then-current standards for new franchisees. They will need to sign the franchisor's current standard franchise agreement and related documents, including a personal guarantee, and execute a general release of any claims against the franchisor.
Training & Support Program
Franchisor Assistance
Velox Valuations provides pre-opening assistance by offering specifications for equipment, signs, inventory, and supplies, along with lists of approved suppliers. They provide access to their Brand Standards Manual and an initial training program for up to three people without a fee. Upon request, the franchisor reviews the franchisee's business plan and helps with the market introduction plan. A representative also provides 2-3 days of on-site support during the business opening. After opening, Velox Valuations offers advice via phone or electronic communication, recommended pricing, and administrative and accounting procedures. They manage the Brand Fund for marketing and maintain a website for the brand that includes franchisee information.
Initial Training Hours
66
Training Location
Headquarters in Greenwood, Indiana
Ongoing Support
After opening, Velox Valuations offers ongoing monthly support calls via videoconference. They also provide advice regarding business improvement and operational problem-solving upon request, delivered by telephone or electronic communication. If in-person support is requested and provided, the franchisor may charge for associated out-of-pocket expenses. They also manage the Brand Fund and maintain the brand website.
Franchise Requirements
Ideal Candidate Profile
Velox Valuations seeks franchisees who are either existing employees of the company for at least one year, honorably discharged U.S. Military Veterans, or existing certified appraisers. All franchisees or their key employees must possess an appraiser's license under applicable state laws. The Principal Executive, who must own at least 10% of the business, is required to participate personally and devote substantial time and attention to the direct operation of the business and must complete the initial training program.
Industry Experience Required
Yes
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Home-Based
Owner Participation
Full-Time
Territory Type
Protected
Territory Size Requirements
Velox Valuations territories are defined based on specific market characteristics, which may include population size, a radius around the business location, zip codes, or county/city lines. A typical territory is expected to include a population between 750,000 to 1,000,000 people, though the size can vary depending on the particular market.
Staffing Notes
Velox Valuations requires that the franchisee or an employee possess an appraiser's license under applicable state laws to conduct real estate appraisal and valuation services. The franchisee's Principal Executive must actively participate in the direct operation of the business and complete the initial training program. The franchisor may also require the general manager and other key employees to sign confidentiality and non-compete agreements.