FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
|Liquid Capital Required:||$100,000|
|Net Worth Required:||$250,000|
|Total Investment:||$118,290 - $216,620|
|Royalty Type:||5% - 7%|
|Incorporated Name:||101 Mobility Franchise Systems, LLC|
|Home Office:||Wilmington, North Carolina|
About 101 Mobility
101 Mobility is the leading brand in the mobility and accessibility industry, featuring phenomenal growth potential in an ever-expanding market. 87% of our business owners have been able to grow their businesses thanks to exclusive relationships with leading product manufacturers nationwide, making it very difficult for others to compete on our level. We believe that our franchise owners are motivated towards business success based on their love and dedication to solving real problems and helping folks in their community maintain their individuality and independence, and the ongoing success of our brand and franchise owners proves that to be true.
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.
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.
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.
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.
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.