Mobility Plus Franchise
To buy a franchise with Mobility Plus, you'll need to have at least $40000 in liquid capital and a minimum net worth of $50000. Mobility Plus charges a franchise fee of $49500.
Franchisor Details
Total Units: -
Year Founded: 2007
Franchising Since: 2018
Home Office: Hoffman Estates, IL
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $40,000
Net Worth Required: $50,000
Total Investment: $132,300 – $156,000
Franchise Fee: $49,500
Royalty Type: 6% of gross sales
Vetern Discount: 10% Military Discount off Franchise Fee
*Mobility Plus is currently accepting inquiries from the following locations: Alaska, Arizona, Arkansas, California, Colorado, Delaware, District Of Columbia, Florida, Idaho, Iowa, Kansas, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wyoming
Values & History
Founded in 2008, our organization has been in the mobility industry for the elderly and disabled for more than a decade, branching out from electric scooters and powered wheelchairs to a more robust menu of options, including stairlifts, portable and fixed ramps, threshold ramps, and more. The Mobility Plus goal is to help our customers remain independent, staying in their homes as long as they choose by empowering them with the mobility they will need to get around.
Industry Performance
The market for elderly and disabled services and equipment in the US 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 approximately 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, Mobility Plus is poised for continuous growth in an expanding market.
Training & Support
Training for Mobility Plus franchise owners is conducted at the Mobility Plus headquarters at the manufacturer level, lasting for two days. Ongoing support is always available for our franchisees, with marketing plans, grand opening assistance, online support, a toll-free support line, regular meetings and conventions, and purchasing co-ops with site selection assistance for your showroom. While you will be showroom based, the business can be operated from anywhere using a tablet.
Ideal Candidate & Qualifications
Mobility Plus is looking for candidates that are outgoing and have strong marketing or sales 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 management is preferred.
Purchasing a Mobility Plus Franchise
Franchise owners will need at least $40k in liquid capital to apply, with a required franchise fee totaling $49,500. A minimum net worth of $50k is also required, with ongoing royalty fees of 6% of gross sales. The expected total initial investment for this offer stands between $132,300 and $156,000. Financing options through third-party lenders are available for qualified candidates. Veterans receive a 10% discount on franchise fees.
