101 Mobility Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$50,000
Investment required
$136,000 -$259,000
Royalty fee
7.00%

101 Mobility: Leading the Way in Accessibility Solutions

101 Mobility is a leading provider of mobility and accessibility solutions, helping individuals with physical mobility challenges maintain independence and quality of life. Founded in 2008 in Wilmington, North Carolina, the company has grown significantly, starting its franchising journey in 2010. The franchise specializes in selling, renting, installing, and servicing a wide range of mobility equipment, including stair lifts, ramps, vertical platform lifts, and home elevators.

What sets 101 Mobility apart from its competition is its commitment to quality and customer service. Unlike many "mom and pop" stores and online-only retailers, 101 Mobility offers free on-site consultations, flexible rental programs, and a comprehensive one-year limited warranty on all products. This approach ensures that customers receive reliable, professional, and personalized service.

101 Mobility’s target market includes seniors, veterans, and individuals with disabilities. The company has a strong relationship with the Veterans Administration Medical Centers (VAMCs), providing crucial mobility solutions to veterans across the country. Additionally, the aging population presents a growing market for 101 Mobility's services, as many seniors prefer to age in place with the help of accessible home modifications.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $50,000 to $100,000
Vehicle and Signage $8,860 to $10,900
Lease and Utility Security Deposits and Initial Monthly Payments $13,500 to $27,000
Equipment $9,000 to $15,000
Leasehold Improvements $0 to $3,000
Office Furniture and Fixtures $500 to $2,000
Signage $500 to $1,000
Initial Technology Package $6,000
Office Equipment and Supplies $230 to $2,000
Initial Software $4,200 to $4,520
Training $5,500 to $9,200
Initial Marketing Fee and Initial Launch Advertising $9,000 to $11,000
Business and Vehicle Insurance Deposits and Premiums $8,000 to $12,000
Professional Fees $500 to $5,000
Licenses and Permits Varies
Additional Funds - Initial 6 Months $20,000 to $50,000
TOTAL $135,790 to $258,620

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Number of units

2023
Franchised units

155

165

169

Company-owned units

16

16

16

Total units

171

181

185

Franchise Disclosure Document

Training 

101 Mobility provides a comprehensive training program designed to equip franchisees with the skills and knowledge needed to successfully operate their businesses. The training begins with an intensive 10-day initial program held at their corporate office in Wilmington, North Carolina.

This initial training covers various aspects of the business, including operations management, sales and marketing strategies, and ordering and inventory procedures.

Additionally, franchisees receive thorough equipment and installation training, earning certifications from manufacturers to ensure they are well-prepared to service their products effectively. Pre-opening support is also provided, guiding franchisees through site location, design, layout, and construction processes.

This phase includes assistance in developing and managing relationships with key suppliers, which is crucial for the seamless operation of the franchise. Once the business is up and running, 101 Mobility continues to offer ongoing support, including local marketing guidance, staff development, and skill enhancement programs.

Territory Protection

101 Mobility offers exclusive territory protection to its franchisees. This protection ensures that each franchise owner has a designated geographical area where no other 101 Mobility franchises can operate, reducing internal competition and allowing the franchisee to build a solid customer base within their territory. 

This approach provides franchisees with a significant advantage, enabling them to focus on growing their business without worrying about overlapping services from other franchisees in the same brand.

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