BCBusiness

October 2018 - The Wheel Deal

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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W I N N E R Chris Guillemet + Davide Xausa + Boris Martin C O - F O u N D E R a N D C E O + C O - F O u N D E R a N D p R E S I D E N T + C O - F O u N D E R a N D v p O p E R a T I O N S , v E L O F I x G R O u p O F C O m p a N I E S What did your summer jobs teach you about business? That I am far better with my brain than my hands Chris Guillemet and Davide Xausa had a similar problem. Both cyclists who had known each other since their early teens, the Metro Vancouver natives felt that bricks-and- mortar bike shops couldn't cater to their needs. So the pair set out to create a mobile repair service. Guillemet had management expertise from helping run a couple of Vancouver-based companies, while Xausa had •nancial expertise, thanks to his work as an account manager with the provincial government. The problem? Guillemet and Xausa didn't know how to •x bikes. In 2012, they stum- bled on Boris Martin, a young mechanic who was, in Xausa's words, "being harshly under- utilized." The three developed Velo•x, a ‡eet of mobile bike repair shops, using a model that sees franchisees pay a fee to operate a truck with rights over a certain territory and hand over a percentage of the proceeds. Launched in Vancouver, the company now has 140 franchises throughout North America, from Victoria to Jacksonville, Florida. If there was any doubt about whether the business could be sustainable, the Velo•x founders believe they crushed it in the city where they began. "The fact that we started in Vancouver, which has more bike shops per capita than anywhere in North America, proves that the model gives the convenience factor that a bike shop just can't," Guillemet says. "I don't care if you have a great mechanic. You still have to get there, park, leave your bike for a week and pick it up." The plan doesn't stop there. Velo•x launched its •rst mobile ski repair shop in 2015 and is now in 25 communities. "There's a million things we can do," Xausa says. "Can we move into more winter activi- ties, like snowmobiling? Is there any reason we can't hire Red Seal—certi•ed mechan- ics for that? There are a lot of opportunities still; we're just scratching the surface." —N.C. (From left) Davide xausa, Boris martin and Chris Guillemet e n T r e P r e n e u r o F T H e Y e A r 2 0 1 8 / E M E R G I N G E N T R E P R E N E U R bCbusinEss.Ca OCtObER 2018 BCBusiness 49 25th a n n i v e r s a r y

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