101 MOBILITY Franchise Startup Cost, Profit Margin, Revenue and Locations
101 Mobility can be considered to be one of the leaders in the provision of mobility and accessibility solutions all across the United States of America. The company focuses on great customer service and quality and they are poised to provide senior and disabled citizens with standard accessibility and mobility solutions. They have close to 150 locations spread across the country and being the industry leader, a lot of business entrepreneurs will want to know how much is a 101 Mobility Franchise?
ABOUT THE COMPANY
With the Headquarters in Willington, North Carolina, the company provides and installs a wide range of top quality mobility equipment. They have been able to serve thousands of senior citizens and even those with disabilities rely on the company for exceptional products such as stair lifts, wheelchair ramps, auto lifts, porch lifts, power wheelchairs and whole lots more.
As more baby boomers proceed into the senior citizens stage as they days pass by, so does their need for mobility increases. 101 Mobility took this upon themselves to be more professional, trustworthy and reliable which has made them to stand out from their competitors in the mobility and accessibility industry.
DOES 101 MOBILITY SELL FRANCHISE?
As an industry leader and a top supplier of mobility products, a lot of business entrepreneurs see the need to engage in the business and what comes to mind is 101 Mobility. Now the question is Does 101 Mobility sell franchise? Yes they do and it will be a very great decision to enter into a franchise deal with the company.
101 MOBILITY FRANCHISE INFORMATION
101 Mobility will give you the opportunity to attain a future that is both rewarding, professionally and personally. As a leader in the mobility solutions system and with a sales force that reaches almost every part of the country, the company is always on the move and in the quest for more entrepreneurs that will assist them to achieve their goals.
When you decide to buy into the 101 Mobility Franchise you will get exposure to the company’s detailed business system, top-class products, intensive and comprehensive trainings, and the latest information when it comes to business technologies and a whole lots more to help you grown in your franchise business.
DO YOU NEED ANY PRIOR EXPERIENCE TO BUY A 101 MOBILITY FRANCHISE?
According to information on the company’s website, you are not expected to have any prior experience or any technical background to in the mobility equipment industry. Although, you will be expected to posses proven sales experience.
To be fully approved as a 101 Mobility Franchisee, you will be expected to have full dedications towards the running of your franchise business and also need to posses solid customer service, organizational, relationship-building and business management skills.
But irrespective of the skills you have or your background, the company will provide the tools and adequate trainings that you will need to run your franchise business. You are also expected to have the right amount of capital needed to start the101 Mobility franchise business
WHAT IS THE COST OF A 101 MOBILITY FRANCHISE?
Now that you have finally made up your mind to buy into the 101 Mobility franchise, the next information to acquaint yourself with is the cost of a 101 Mobility Franchise. In order to be considered for franchise, you will be expected to meet some financial requirements by the company.
The total investment that is needed to open a 101 Mobility Franchise will range between $115,000 to $210,000. This also includes an initial 101 Mobility Franchise fee of about $32,000 to $63,500, which will depend on the territory that you are choosing.
And if you are a veteran, you might also qualify for the company’s military veteran’s program and you will be entitled to a rebate of about $5,000
ARE THERE ANY ON-GOING FRANCHISE FEE?
As a franchisee, you will be expected to make an on-going royalty fee, monthly software licensing fee, as well as marketing fees. These fees are to enable the company to fund on-going support services to you as the franchisee and will also enable the company to focus on the development of product lines, marketing tools, procedures, training programs and system upgrades.
DOES 101 MOBILITY PROVIDE FINANCING?
The company does not provide financing to their franchisees. However you may be referred to any of their partners in the financing industry. This will also depend on if you are able to meet with their terms and conditions.
TERMS OF AGREEMENT AND RENEWAL
The 101 Mobility terms of agreement is for a period of 10 years. After expiration, franchisee is given the opportunity to renew their contracts
HOW DO I BUY INTO THE 101 MOBILITY FRANCHISE?
If you have finally acquainted yourself with all the information that you will need as a 101 Mobility franchisee and have then decided to buy into the 101 Mobility Franchise opportunity, you can get the application form through their website: http://101mobilityfranchise.com/faq/
And you can also put call through to the company via this hotline: 999.595.4612 to discuss the chances of booking an appointment for you to visit the company’s corporate offices to have a first-hand experience on the company’s operations and also the possibility of meeting with the key franchise team of the company.
101 mobility is a company that provides accessibility and mobility services to the ever growing number of people that have restricted physical movements. It was founded in Wilmington, North Carolina by Sampson and Keith Barnhardt in the year 2008.
GUIDE: BRIGHTSTAR CARE FRANCHISE INFO
101 mobility sells wheelchair ramps, patient lifts, platform lifts, stair lifts, pool lifts, and similar products. The beauty of this company is that they do not only sell, they also do expert installation and servicing.
Over the years, 101 mobility has been patronised by families, schools, business, hospitals, and virtually all who need support for movement. It has grown into a nationwide company with multiple branches around the country.
In 2010, Dave Pazgan teamed up with the founders of 101 mobility and as their President, he started the franchise program that same year. This has made the company one of the leading franchisors in the USA, with a wide range of accessibility and mobility equipment which they install and service. They also offer rentals to people with temporary movement restrictions.
101 mobility currently has 65 franchise units scattered around the USA, with the head office located at Wilmington, North Carolina. This company is the leader in the trillion-dollar mobility Industry and has a rapid growth potential.
The franchisees of 101 mobility have a special relationship with top equipment producers, this explains what makes them stand out from the rest.
Elderly and disabled people numbering to thousands have come to depend on 101 mobility services for their freedom.
Franchisees of 101 mobility are given extensive business training, access to the company’s system of doing business, links to the best manufacturers of accessibility and mobility products. They are also offered presence on the company website, a high return on investment, startup assistance, periodic visit from the corporation, assistance with marketing, confidential manual for running the business, and many more.
Every year, 101 mobility franchise is named among the top companies in the mobility and accessibility industry by the Entrepreneur Franchise Ranking. They also have other recognitions like Top10 franchise and fastest growing franchise (Franchise Gator).
101 MOBILITY FRANCHISE FINANCIAL REQUIREMENTS
To start up a franchise with 101 mobility, you will need the following;
As a prospective franchisee, you will have to make an initial investment fee of $203,250. This covers the franchise fee, license fee which grants access to use the 101 mobility name, capital, and beginner expenses.
Net worth Requirement
This is the expected net worth of the franchisee after liabilities have been excluded. The minimum net worth of a prospective franchisee of 101 mobility is $300,000.
Liquid Cash Requirement
To own a 101 mobility franchise, a liquid capital of $100,000 is required.
Initial Franchise Fee
An initial franchise fee of $40,000 is a one-time payment which gives the franchisee access to use the name of 101 mobility and their system for doing business.
You should be sure of your finances before going into franchising with 101 mobility as the company will also require a franchisee to pay the following on going fees;
- Ongoing royalty feel of 5-7%
- Ad royalty fee of 1.25%
101 mobility franchise will give you all the support you need and provide you with the best professionals to guide and counsel you on the best, quickest and safest way to open your business and help you get your state licencing requirements.
101 MOBILITY TRAINING AND SUPPORT PROGRAM
The company provides training and support programs for their franchisees.
There is a training held at the headquarters in North Carolina, it goes on for two weeks and will expose the franchisee to the system of 101 mobility.
In the area you’ve chosen to run the business, there will also be a training by 101 mobility for three days. The company will also provide you with a personal coach who will organize weekly phone call meetings.
101 mobility Franchise Financial Assistance
101 mobility franchise teams up with third party sources to offer assistance to the company’s franchisees. The financing covers startup cost, payroll, inventory, and equipment.
Marketing and Advertising Strategy
101 mobility franchise has marketing and advertisement strategy that is second to none. The numerous awards, rapidly growing number of franchisees and customers are a clear sign that the methods used are fruitful. Print and electronic media are both used to publicise the brand.
101 mobility Official Training
The company has the following offers to groom their franchisees;
- 80 hours training at the headquarters
- 40 hours training onsite
- Field operations training
- Toll free line
101 MOBILITY TERMS OF AGREEMENT AND RENEWAL
101 mobility franchise contract has a validity period of ten years, after which the contract is renewed with the sum of $10,000. Every franchisee is given the right to renew a contact.
HOW TO OPEN A 101 MOBILITY FRANCHISE
If you are interested in owning a 101 mobility franchise, do visit this website http://101mobilityfranchise.com and call 888.595.4612 to discuss the program and your chances.