101 Mobility Franchise
To buy a franchise with 101 Mobility, you'll need to have at least $100000 in liquid capital and a minimum net worth of $250000. 101 Mobility charges a franchise fee of $46500. They also offer a discount for veterans.
Franchisor Details
Total Units: 202
Year Founded: 2008
Franchising Since: 2010
Home Office: Wilmington, North Carolina
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $100,000
Net Worth Required: $250,000
Total Investment: $118,290 – $216,620
Franchise Fee: $46,500
Royalty Type: 5% - 7%
Vetern Discount: Yes
*101 Mobility is currently accepting inquiries from the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District Of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming
Values & History
Based out of Wilmington, North Carolina, 101 Mobility provides, installs, and services an exhaustive range of high-quality mobility equipment geared towards giving seniors and the disabled power over their lives and independence so that they can remain in their homes without the help of others. Thousands of customers count on us for our exceptional product lines, including stairlifts, powered wheelchairs, ramps, auto lifts, and much more. Proud to be one of the largest national dealers of our mobility product manufacturers, 101 Mobility represents the standard for excellence in the mobility industry.
Industry Performance
The US market for elderly and disabled services and equipment reached $55 billion in revenue for 2019, with market growth averaging 4.7% over the last five years. Over 160,000 businesses are currently in operation providing access to these products and services. Projected annual market growth for this market is listed at 4.0% or higher for the next five years. With more than 3.8 million veterans in the US facing service-connected disability, 17 million Americans dealing with serious mobility problems, and more than 15% of the population 65 years of age or older, 101 Mobility is on-track for continuous growth in an ever-expanding market.
Training & Support
Training for 101 Mobility franchise ownership takes place over a 10-day period at our home office, located in Wilmington, NC. Sales, operations, product knowledge, operations, and installation best practices are all covered. Additional support options through a variety of marketing materials and advertising strategies are available, with continuous guidance offered as needed.
Ideal Candidate & Qualifications
The best 101 Mobility candidates are outgoing sales and customer service professionals with strong marketing or management experience. Ideal franchise owners will be results-oriented people able to build relationships with a strong motivation to excel in their new business. A background in business operations or entrepreneurship is preferred, but not essential for those who are willing to learn and apply themselves full-time toward the growth of their business.
Purchasing a 101 Mobility Franchise
101 Mobility requires franchise investors to have access to at least $50,000 in liquid capital. Franchise fees totaling $45,000 apply to this offer, with royalty costs running between 5% and 7%, depending on the franchise model selected. Financing options are currently unavailable.
101 Mobility is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
101 Mobility is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.