101 Mobility is a retail business that sells, rents, installs, and services mobility and accessibility equipment, including stair lifts, auto lifts, vertical lifts, patient lifts, elevators, and ramps. The franchise focuses on helping individuals with mobility challenges maintain independence and access in their homes and vehicles.
Key Insights
- 101 Mobility began as a vision to provide accessible solutions for mobility challenges, growing organically through a commitment to improving quality of life. The franchise operates by offering a comprehensive range of home mobility equipment and installation services, partnering with manufacturers to deliver trusted products to customers in their own homes.
- The business focuses on a direct-to-consumer sales and service model, utilizing a network of local franchisees who provide in-home consultations, product installation, and ongoing support. This approach ensures personalized attention and efficient service delivery, addressing individual needs with tailored solutions.
- Operating within the growing accessibility and aging-in-place market, 101 Mobility addresses a significant and expanding need for solutions that enhance independence and safety. The industry is driven by demographic shifts and an increasing desire for individuals to remain comfortable and secure in their familiar surroundings.
Franchise Fee and Costs to Open
Exploring the financial picture of 101 Mobility gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $181,850 - $258,600, along with a franchise fee of $74,000 - $74,000.
Financial Performance and Revenue
Yearly gross sales of $635,120 and estimated earnings of $88,917 - $114,322 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.7-4.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
101 Mobility provides comprehensive initial training for new franchisees. This immersive program offers hands-on experience and operational insights, typically spanning two weeks and conducted at their corporate headquarters. The franchisor also offers a suite of resources to support business launch and ongoing success.
Legal Considerations
Legal considerations for a 101 Mobility franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee in the Home & Building Services sector, particularly one focused on mobility solutions, will navigate various considerations. Local market conditions present opportunities and challenges, with existing providers and customer demand shaping the landscape. Operational intricacies, from scheduling client consultations to managing installation teams and inventory, require careful attention. Furthermore, the business's dependence on specific product manufacturers and their supply chains introduces a factor for consistent material availability and delivery timelines.
Franchise Datasheet
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