Start a Mobility Plus Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #358 last year

Initial investment: $250K - $392K

Units as of 2023: 58 61.1% over 3 years

For over a decade, Mobility Plus has been helping people with disabilities live active, mobile, and long lives thanks to a variety of mobility equipment since 2008. Not only does Mobility Plus provide their customers with a wide range of scooters, ramps, and lifts, but they also employ a team of certified technicians to ensure a smooth installation process. Mobility Plus may make business even easier thanks to an efficiently streamlined procurement process tailormade for government agencies.

Mobility Plus began franchising in 2016 and has since expanded to over 40 franchises located all throughout the United States.

Why You May Want to Start a Mobility Plus Franchise

If you seek to see peoples’ lives not be defined, limited, or shortened by their disability, then a Mobility Plus franchise could be an excellent place to start. Franchisees should possess strong leadership characteristics, an attitude for collaboration, and a drive to find mobility solutions to any disability. Although no experience with mobility equipment is mandatory, some background in business management can be helpful.

Opening a Mobility Plus franchise may offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

What Might Make a Mobility Plus Franchise a Good Choice?

Mobility Plus may have acquired an edge in the market by forging strong relationships with manufacturers of the very equipment they sell in addition to government contracts that enable Mobility Plus to work directly alongside Veteran Affairs. And so, with showroom customers, veterans administration, healthcare referrals, and home-based customers all providing unique customer sources, it may be no wonder how the products and services of Mobility Plus have since grown the company into the trusted brand name it is today.

To be part of the Mobility Plus team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty fees and renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

How To Open a Mobility Plus Franchise

Upon researching the brand and choosing one of several prime locations in high demand for a Mobility Plus franchise, potential franchisees are directed to fill out a general information request form. Once reviewed, Mobility Plus may schedule a call with franchisees, during which both parties will see if they’re the right fit for one another. If so, potential franchisees will be provided additional information, sign a franchise agreement, and commence training.

Franchisees will receive training at both the Mobility Plus headquarters in Hoffman Estates, Illinois, and manufacturer level. The Mobility Plus training team will aid franchisees in developing an action plan for launch, assist with showroom setup, vehicle setup, and provide detailed information on their products and ongoing support to help ensure the existence of another growing provider of mobility equipment and services. Then you’ll be on the move with your very own Mobility Plus franchise.

Company Overview

About Mobility Plus

Industry	Health & Wellness
Related Categories	Miscellaneous Health Products, Mobility Solutions
Founded	2008
Leadership	Richard Peter, President
Corporate Address	2815 Forbs Ave., #107 Hoffman Estates, IL 60192
Social	LinkedIn

Business Overview

Franchising Since	2016 (8 years)
# of employees at HQ	24
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming
# of Units	58 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Mobility Plus 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.	$55,000 - $63,000
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.	$249,995 - $391,995
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.	$100,000
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.	5% 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.	6%
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.	5 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	Mobility Plus offers in-house financing to cover the following: franchise fee, inventory
Third Party Financing	Mobility Plus has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

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

On-The-Job Training	16 hours
Classroom Training	49 hours
Ongoing Support	Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Franchisee Intranet Platform
Marketing Support	Ad Templates Social Media SEO Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	Yes
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	2-3
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.	Yes