Start a 101 Mobility Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $182K - $259K

Units as of 2024: 204 5.7% over 3 years

Seniors, veterans, and individuals with disabilities can suffer from mobility challenges around the home, a problem that often limits their freedom and independence. 101 Mobility is a brand that addresses this persistent challenge by providing state-of-the-art accessibility solutions and quality customer service.

Since 2008, when Luke Sampson and Keith Barnhardt founded 101 Mobility, the company has striven to fulfill customer needs. The company's most popular solutions include stairlifts, auto lifts, and wheelchair ramps that help individuals navigate their way around the home comfortably.

Since beginning to franchise in 2010, the brand has expanded to include 101 Mobility franchise locations operating in more than 100 territories in the U.S. and Canada. The ideal franchise owner for 101 Mobility is an individual who wants to make a difference in the world.

Why You Should Consider a 101 Mobility Franchise

As a leader in mobility and accessibility solutions, 101 Mobility sets out to impact lives. With the mission to help people regain freedom and independence, 101 Mobility embraces the ideals of sensitivity, care, and responsiveness.

A factor that sets 101 Mobility apart from the competition is its ability to deliver value to customers. 101 Mobility treats its customers with respect and fairness, believing each is special and unique despite the world often ignoring those with mobility issues.

With statistics showing that millions of people live with mobility challenges in the U.S., 101 Mobility fulfills a vital service. 101 Mobility offers on-site consultations, flexibility in rental programs, and a one-year limited warranty for all products.

The 101 Mobility promise is to tailor services to customer needs. As a franchise owner at 101 Mobility, you can contribute to your community by making the lives of the most vulnerable easy and free of hassle.

What Might Make 101 Mobility Franchise a Good Choice

To start a 101 Mobility franchise, you'll need to be prepared with an initial franchise fee and adequate liquid capital. As a franchise, 101 Mobility has partnerships with third-party financiers that may be able to help you meet the opening costs to begin your franchise.

For new franchisees, 101 Mobility supports initial and ongoing training through multiple channels that are convenient to all participants. However, since 101 Mobility believes in freedom and independence, it limits its control over franchisees.

Some of the benefits of being a franchise owner include territory protection in franchise locations, independent operations, and an experienced management team's backing.

How to Open Your Own 101 Mobility Franchise

To start your 101 Mobility franchise in the United States or Canada, you can learn more about the opportunity and discover whether it is the right investment for you. You should be financially prepared and have a location in mind that fits the target audience.

As a franchise owner, choosing 101 Mobility might be an excellent decision because you'll play a role in bettering the experiences of seniors, veterans, and individuals living with disabilities. At 101 Mobility, you can change lives and leave a great legacy.

Company Overview

About 101 Mobility

Industry	Health & Wellness
Related Categories	Miscellaneous Health Products, Building & Remodeling, Miscellaneous Home-Improvement Businesses, Miscellaneous Services, Mobility Solutions
Founded	2008
Parent Company	101M AcquisitionCo Inc.
Leadership	Joe Loch, President
Corporate Address	5221 Oleander Dr. Wilmington, NC 28403
Social	Facebook, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2010 (14 years)
# of employees at HQ	17
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada
# of Units	204 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a 101 Mobility franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$74,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$181,850 - $258,600
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$400,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$10,000 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%-5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	101 Mobility offers in-house financing to cover the following: franchise fee
Third Party Financing	101 Mobility has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training	80 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	4
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No