6/10

Franchimp Summary Rating

5 /10
Higher than 58% of peers

Franchise Summary

Description
Mobility Plus is a franchise that provides mobility solutions and products for individuals with mobility challenges, operating through showrooms and mobile units to enhance quality of life. They offer a wide range of high-quality mobility aids, personalized consultations, and franchise opportunities, while also engaging with local communities to promote accessibility.
Company Background
Mobility Plus is the franchised dealer for mobility products and services in your community. We offer a wide selection of quality scooters, ramps, stair lifts and other mobility-related products to help you maintain your independence and stay in your home longer.
Franchise Opportunity
Many homeowners find it difficult or impossible to get around their homes as they age, and are often forced to move out of their homes prematurely. A recent study by the Joint Center for Housing Studies at Harvard University found that more than 34 million Americans aged 65 and older live in single-family homes. This number is expected to grow to 43 million by 2030. Mobility Plus provides products and services that help seniors stay in their homes longer, without having to worry about being able to get around safely. We offer a wide range of mobility solutions, including scooters, ramps, stair lifts, and more.
Corporate Structure
Mobility Plus Systems, LLCis  an Illinois limited liability company. They were formed on March 13, 2013. Their principal business address is 2815 Forbs Avenue, Suite 107, Hoffman Estates, Illinois 60192. They have offered franchises since 2016.
Royalties and Marketing Fees

Royalties : 3.0% of revenue

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

$339,650 / unit

Franchise Type: Standard

Average Revenue During 2021

$339,650
$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 Mobility Plus Showroom & Mobile Franchisees

Mobility Plus Showroom & Mobile Franchise System Development in 2021

FAQ

How much investment do I need to start my own Mobility Plus Showroom & Mobile business?
Franchisees typically require at least $316 to $465 investment to get their Mobility Plus Showroom & Mobile business started
What are the initial franchise fees for Mobility Plus Showroom & Mobile?
Franchisees typically need to pay at least $141 in fees directly to Mobility Plus Showroom & Mobile in order to earn the right to launch their business
How much money can I make with a Mobility Plus Showroom & Mobile franchise? What are the average revenues for a typical Mobility Plus Showroom & Mobile business?
We estimate that the average revenue of an individual Mobility Plus Showroom & Mobile unit is approximately $339,650. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Mobility Plus Showroom & Mobile unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

5 /10
The Franchisor's investment costs ranges from $316,495 to $465,295 which is Much Higher 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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