Mobility City offers mobile repairs, rentals, sales, white-glove delivery, and sanitization of mobility equipment including wheelchairs and scooters. The franchise serves seniors, veterans, and disabled individuals with tailored mobility solutions.
Key Insights
- Mobility City started with a clear vision to establish new benchmarks of excellence within their field, combining industry expertise with customer-focused innovation to create sustainable competitive advantages that benefit both franchisees and the communities they serve.
- Continuous improvement processes incorporate client feedback and industry developments to enhance service offerings and operational effectiveness while maintaining the core values and quality standards that distinguish the business from competitors in the marketplace.
- Economic factors support increased consumer spending on services that improve quality of life and provide convenience, creating growth opportunities for businesses that can deliver value while adapting to changing economic conditions and customer priorities.
Franchise Fee and Costs to Open
Exploring the financial picture of Mobility City gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $255,350 - $653,800, along with a franchise fee of $47,500 - $267,500.
Financial Performance and Revenue
Yearly gross sales of $682,404 and estimated earnings of $68,241 - $81,889 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.6-8.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Mobility City provides comprehensive initial training for new franchisees. This training extends for two weeks and takes place at Mobility City's headquarters. The program covers operational procedures and business management. Mobility City also offers ongoing support and resources to aid franchisees in developing their business. Franchisees will find a wealth of information and guidance available to help them establish and grow their Mobility City location.
Legal Considerations
Legal considerations for a Mobility City franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Mobility City franchise presents considerations regarding local market dynamics, such as existing competitors offering similar mobility solutions, potentially impacting market share. The operational complexity of managing inventory, maintenance schedules, and customer service demands careful attention. Furthermore, dependence on specific suppliers for equipment and parts introduces a reliance that requires robust vendor relationships and contingency planning.
Franchise Datasheet
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