Arcimoto offers a rental service for specialty vehicles under the Arcimoto brand. The franchise provides customers with a fun, eco-friendly way to experience unique, small vehicles for travel.
Key Insights
- Arcimoto developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Continuous improvement processes incorporate client feedback and industry developments to enhance service offerings and operational effectiveness while maintaining the core values and quality standards that distinguish the business from competitors in the marketplace.
- Professional standards continue to evolve within the industry, creating competitive advantages for quality-focused providers who invest in training, certification, and continuous improvement while maintaining customer-centered service approaches that build trust and loyalty.
Franchise Fee and Costs to Open
Exploring the financial picture of Arcimoto 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 $273,900 - $509,000, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Training and Resources
Arcimoto provides comprehensive training for new franchisees. Initial training is conducted over two weeks, primarily at Arcimoto's headquarters in Eugene, Oregon. Arcimoto also offers ongoing operational support and access to a library of resources designed to assist with business development. The franchisor recommends leveraging these materials for operational guidance.
Legal Considerations
Legal considerations for a Arcimoto 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 might encounter considerations regarding local market saturation for similar micro-mobility solutions or electric vehicle options. Navigating the operational complexities of vehicle maintenance and charging infrastructure presents a focus area. Furthermore, dependence on manufacturer supply chains for components and model availability requires attention.
Franchise Datasheet
FAQs
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