Velofix

Velofix, the mobile bike repair company that took a deal with Jim Treliving in season 9, appeared in a follow-up segment in season 12 having grown from about $300,000 in revenue at the time of their pitch to an expected $12 million this year. The company has sold over 100 franchises and expanded into the US market, including reaching a symbolic 100th franchise partner in Indianapolis, and has expanded its offerings to include bike delivery and accessories through a service called Velofix Direct. In this season 15 update, the mobile bike shop franchise described bicycle repair being deemed an essential service during COVID-19, leading to dramatic increases in bookings and revenue over 2019 and a 2,000% rise in website traffic. The company reported having its three busiest months in company history and continued expanding its franchise network, backed by investor Jim Treliving.