7/10

Franchimp Summary Rating

7 /10
Earnings Transparency
7 /10
Investment Accessibility
Lower than 35% of peers

Franchise Summary

Description
You will operate a retail business which sells, rents, installs, and services mobilityand accessibility-related equipment and accessoriessuch as stair lifts, auto lifts, vertical lifts, patient lifts, elevators, and rampsunder the 101 MOBILITY trademarks.
Company Background
101 Mobility is the largest franchised mobility equipment retailer in North America, with over 180 stores. The company offers franchises to sell mobility-related and accessibility-related equipment and accessories under the 101 Mobility marks.
Franchise Opportunity
You're not able to get around like you used to and it's frustrating. Not being able to do the things you love is really tough, especially when it feels like everyone else can still do them just fine. It's hard not to feel left out or frustrated. Thanks to 101 Mobility, that doesn't have to be the case anymore. We offer a wide range of mobility-related products and services that can help you get back to doing the things you love. From wheelchairs and scooters, to ramps and lifts, we have everything you need to get moving again. Plus, our team of experts are always here to help with installation, service, and anything else you need.
Corporate Structure
101 is a North Carolina limited liability company that was formed on January 15, 2010. We do not do business under any name other than 101 Mobility. Our principal place of business is located at 2234 South 17th Street, Wilmington, North Carolina 28401. Our mailing address is 2234 South 17th Street, Wilmington, North Carolina 28401.
Royalties and Marketing Fees

Royalties : 7% of Gross Sales from the Franchised Business for up to 1 million in Gross Sales; 6% of Gross Sales in excess of 1 million and up to 2 million; 5% of Gross Sales in excess of 2 million.

Royalties : Up to 4% of Gross Sales; currently 1.25% of Gross Sales per week up to $12,000 per year, plus $350 per month, where the total of both each month does not exceed 4% of Gross Sales

Royalties : Up to 2% of Gross Sales

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Health & Fitness Industry

$663,504 / unit

Franchise Type: Standard

Average Revenue During 2022

$663,504
$318,363
Industry Low
$1,449,936
Industry High
Show All Years +

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of 101 Mobility Franchisees

101 Mobility Franchise System Development in 2021

Historical 101 Mobility System Growth

FAQ

How much investment do I need to start my own 101 Mobility business?
Franchisees typically require at least $181 to $258 investment to get their 101 Mobility business started
What are the initial franchise fees for 101 Mobility?
Franchisees typically need to pay at least $74 in fees directly to 101 Mobility in order to earn the right to launch their business
How much money can I make with a 101 Mobility franchise? What are the average revenues for a typical 101 Mobility business?
We estimate that the average revenue of an individual 101 Mobility unit is approximately $663,504. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a 101 Mobility unit? What is my contractual commitment?
101 Mobility franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

7 /10
The Franchisor's investment costs ranges from $181,850 to $258,600 which is Much Lower than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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