Start a Voltaire Cycles Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $127K - $412K

Units as of 2020: 3 200.0% over 3 years

Founded by former criminal trial attorney and avid e-biker Jamie Gilson in 2014, Voltaire Cycles has become a leader in the e-mobility market. Voltaire Cycles offers a variety of electric bikes, scooters, and skateboards at locations throughout the country, including New Jersey, Florida, and Oregon.

Under the direction of parent company Electric Spokes Corporation, Voltaire Cycles has maneuvered itself into a growing industry, as e-bike sales may be trending upwards.

Since beginning to franchise in 2017, Voltaire Cycles has opened several locations in the United States.

Why You May Want To Start a Voltaire Cycles Franchise

Independence, community, guidance, and family business are among some of the key values at Voltaire Cycles. Franchisees should have strong communication and customer service skills to go along with a strong work ethic and an eye for new opportunities.

Although Voltaire Cycles franchisees do not typically require a background in the e-mobility industry, individuals with a passion for helping customers get to where they want to go could be well-suited to open a Voltaire Cycle franchise. As such, Voltaire Cycle prides itself on helping families, individuals, and businesses find the perfect set of wheels for whatever their e-mobility needs may be.

Opening a Voltaire Cycles franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

What Might Make a Voltaire Cycles Franchise a Good Choice?

Voltaire Cycles wants to be at the forefront of the e-mobility revolution. E-mobility is an eco-friendly, stylish, and efficient transportation mode. Whether it’s city cruising or backcountry trailblazing, the wide selection of electric-powered bikes, scooters, and skateboards available at both online and physical storefronts may be enhanced by the advice of a Voltaire Cycles staff member.

Voltaire Cycles franchisees are urged to adapt to the brand’s ever-growing lineup of rides and their constantly advancing systems. Interacting directly with Voltaire Cycles customers is another ideal ability, as a friendly, knowledgeable environment is an atmosphere Voltaire Cycle strives to create. Additionally, Voltaire Cycles franchisees should be prepared to handle the hiring and training of their staff members and coordinate business operations.

How To Open a Voltaire Cycles Franchise

To be part of the Voltaire Cycles team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

If awarded a franchise, franchisees receive a great deal of support from the Voltaire Cycles brand throughout the franchising process. In addition to pre-opening training, Voltaire Cycles franchisees receive support through brand awareness, marketing, research, and construction. Franchisees with Voltaire Cycles may also receive hands-on training and continued support after their franchise location has opened.

It would be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary resources to own and operate a Voltaire Cycles franchise.

Company Overview

About Voltaire Cycles

Related Categories	Miscellaneous Retail Businesses
Founded	2014
Parent Company	Electric Spokes Corp.
Leadership	Jamie Gilson, Founder
Corporate Address	400 Bloomfield Ave. Verona, NJ 07044
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2017 (7 years)
# of employees at HQ	8
Where seeking	This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions:
# of Units	3 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a Voltaire Cycles franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$14,480 - $46,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$127,193 - $412,388
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$160,000 - $320,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$30,000 - $100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	2% off franchise fee; reduced royalty fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	to 3%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	$100/mo.
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Voltaire Cycles has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	9 hours
Classroom Training	10 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes