General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

S0010

Year of Founding

2010

Fees

Marketing Fee

Varies

Royalty Fee

7%

Franchise Fee

$35,000-$65,000

Investment Range

$121K-$219K

Location units

Total U.S. Locations

180

U.S. Franchised Units

165

U.S. Corporate Units

15

Headquarters (City)

Wilmington

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2010

Issuance of FDD Data

02/28/2022

What to know about 101 Mobility franchise?

You will operate a retail business which sells, rents, installs, and services mobility and accessibility-related equipment and accessories such as stair lifts, auto lifts, vertical lifts, patient lifts, elevators, and ramps under the 101 MOBILITY trademarks.

101 Mobility is based in Wilmington, NC. Scroll down to learn more!

How much does a 101 Mobility franchise cost?

Are you wondering how much is a 101 Mobility franchise? Before starting a 101 Mobility franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a 101 Mobility franchise is $120,790 and can go all the way up to $218,620. Keep in mind, you should also allocate additional funds to live off of while the 101 Mobility business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 101 Mobility franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a 101 Mobility business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your 101 Mobility franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 117 27 2 142
2017 142 20 6 156
2018 158 9 5 160
2019 160 8 9 154
2020 154 10 0 155
2021 155 11 1 165

Additional Details

How much does a 101 Mobility franchise owner make?

101 Mobility franchise earnings and revenue can vary significantly from one franchisee to another.
The 101 Mobility franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

101 Mobility discloses financials at the unit level. In other words, they show how much 101 Mobility franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the 101 Mobility franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like 101 Mobility. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those 101 Mobility owners were making.

Visit the 101 Mobility metrics tab to explore the financials for this business.

What is the 101 Mobility franchise fee?

Owning a 101 Mobility franchise requires 7% royalty fee and Varies marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the 101 Mobility Franchise Disclosure Document

Keep in mind, there is also an initial 101 Mobility franchise fee of $35,000 that is included in the initial investment amount of $120,790 to $218,620. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the 101 Mobility franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the 101 Mobility franchise fee of $35,000.

Visit the 101 Mobility metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was 101 Mobility founded?

101 Mobility started offering franchises in 2010. 101 Mobility was founded 12 years ago in 2010.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many 101 Mobility locations are in the U.S.?

As of 2022, there were 165 locations across the U.S. There are also 15 corporate locations. Most Retail Products and Services franchises like 101 Mobility have more franchised locations than corporate locations.

How many 101 Mobility franchises opened over the past few years?

Over the prior 3 years we have data for, 101 Mobility has opened 29 outlets throughout the U.S. Visit the 101 Mobility metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many 101 Mobility franchises closed over the past few years?

Over the prior 3 years we have data for, 101 Mobility has closed 10 outlets throughout the U.S

Visit the 101 Mobility metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is 101 Mobility growing? Are they opening more locations than they are closing?

The net unit growth rate for 101 Mobility over the past 3 years is 3%. Over the last year we have data for, 101 Mobility had a net unit growth rate of 6%.

Without a comparison, this number doesn’t mean much. Compare how the 101 Mobility growth rate compares to 2,000+ other franchises and Industry franchises like 101 Mobility. More info in the 101 Mobility metrics tab.

Is 101 Mobility franchise eligible for an SBA Loan?

101 Mobility is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

101 Mobility franchise was assigned the SBA Franchise ID of S0010 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like 101 Mobility that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is 101 Mobility a franchise in the United States?

According to the SBA, 101 Mobility meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that 101 Mobility provides you with an FDD if you are in discussion to buy a 101 Mobility.

What is the 101 Mobility Franchise for Sale Rate?

The 101 Mobility systemwide health and franchisee satisfaction can be measured by the 101 Mobilityfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

101 Mobility franchise for sale rate over the past 3 years is 17%. Over the last year we have data for, 101 Mobility had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the 101 Mobility franchise for sale rate compares to 2,000+ other franchises and Industry franchises like 101 Mobility. More info in the 101 Mobility metrics tab.

What is the 101 Mobility Franchise Failure Rate?

101 Mobility franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

101 Mobility failure rate over the past 3 years is 6%. Over the last year we have data for, 101 Mobility had a franchise failure rate of 1%.

Without a comparison, this number doesn’t mean much. Compare how the 101 Mobility franchise for sale rate compares to 2,000+ other franchises and Industry franchises like 101 Mobility. More info in the 101 Mobility metrics tab.

How can I find out more details on 101 Mobility franchise?

Visit the 101 Mobility metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

101 Mobility

$169,705

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

101 Mobility

7%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

101 Mobility

$50,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

S0010

Year of Founding

2010

Fees

Marketing Fee

Varies

Royalty Fee

7%

Franchise Fee

$35,000-$65,000

Investment Range

$121K-$219K

Location units

Total U.S. Locations

180

U.S. Franchised Units

165

U.S. Corporate Units

15

Headquarters (City)

Wilmington

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2010

Issuance of FDD Data

02/28/2022

Detailed Franchise metrics for 101 Mobility

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for 101 Mobility below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

101 Mobility

1%

3%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

101 Mobility

7%

17%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

101 Mobility

6%

6%

Industry median

All franchises median

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Business details

Company Name

https://101mobility.com/

Business email

**********@******.com

Mailing address

5221 Oleander Drive

State headquarters

North Carolina

Owner Name

101 Mobility

Phone

+1 (000) 0********00

City

Wilmington

Zip code

28403
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