9/10

Franchimp Summary Rating

7 /10
Lower than 31% of peers

Franchise Summary

Description
AMRAMP® franchisees will engage in the sale and rental of ramps and additional related products and accessories that enhance the quality of life of physically disabled or challenged persons.
Company Background
AMRAMP is a company that specializes in the rental, sale, and installation of ramps to improve mobility for people with disabilities. The mission statement of AMRAMP is to "Enhance Quality Of Life." AMRAMP will provide its customers with high quality products at competitive prices. We will also offer our customers maintenance services so they can keep their equipment in good condition. Our goal is to not only provide a service but also be an ally in improving the lives of disabled individuals by making it possible for them to live more independently.
Franchise Opportunity
Today, there are more than 56 million people living with physical disabilities in the United States. One of the biggest challenges that these individuals face is mobility. The AMRAMP(R) team has created a solution to this problem by providing ramps and related products, accessories, and services that enhance the quality of life for physically disabled persons. Our product line includes portable wheelchair ramps and other equipment designed to help make everyday tasks easier for those who have limited or no mobility due to physical disability. We also provide installation services nationwide so our customers can get their new ramp set up quickly and easily at home or work without having to do it themselves.
Corporate Structure
AMRAMP, LLC is a limited liability company formed under Delaware law. Their principal business address is 202 West First Street, South Boston, Massachusetts 02127-1110. They began offering AMRAMP® franchises in 2002.

Earnings Transparency

10 /10
This Franchise discloses far more 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

$502,253 / unit

Franchise Type: Standard

Average Revenue During 2021

$502,253
$153,501
Industry Low
$2,229,480
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of AMRAMP Franchisees

AMRAMP Franchise System Development in 2021

FAQ

How much investment do I need to start my own AMRAMP business?
Franchisees typically require at least $138 to $222 investment to get their AMRAMP business started
What are the initial franchise fees for AMRAMP?
Franchisees typically need to pay at least $49 in fees directly to AMRAMP in order to earn the right to launch their business
How much money can I make with a AMRAMP franchise? What are the average revenues for a typical AMRAMP business?
We estimate that the average revenue of an individual AMRAMP unit is approximately $502,253. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a AMRAMP unit? What is my contractual commitment?
AMRAMP franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 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 $138,939 to $222,630 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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