Mobility Plus sells, rents, installs, and services stair lifts, scooters, ramps, and other mobility products through showrooms and mobile businesses. The franchise supports residential customers by offering customized mobility solutions and convenient service options.
Key Insights
- Mobility Plus has a background rooted in providing essential services, evolving to meet the demands of a growing market that prioritizes independence and accessibility for individuals. Its operational model focuses on delivering solutions directly to consumers, ensuring convenience and personalized support for a wide range of mobility needs.
- The business functions by offering a comprehensive suite of products and services designed to enhance mobility and daily living for a diverse clientele. Through a network of providers, it facilitates access to equipment, repairs, and personalized consultations, streamlining the process for individuals seeking to improve their mobility.
- Operating within the home healthcare and assistive technology sector, Mobility Plus addresses a significant and expanding demographic. This industry is characterized by an increasing demand for solutions that enable individuals to age in place and maintain their autonomy, supported by advancements in available technology.
Franchise Fee and Costs to Open
Exploring the financial picture of Mobility Plus 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 $330,595 - $522,595, along with a franchise fee of $60,000 - $80,000.
Financial Performance and Revenue
Yearly gross sales of $372,699 and estimated earnings of $44,724 - $55,905 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 9.0-11.0 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 Plus provides comprehensive training to new franchisees. Initial training, lasting two weeks, is conducted at their headquarters. This program offers insights into operational procedures and brand standards. Mobility Plus recommends utilizing provided marketing materials and operational guides to support business development. Resources are also available for ongoing support.
Legal Considerations
Legal considerations for a Mobility Plus franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Mobility Plus franchise within the home and building services sector presents several considerations for a franchisee. Navigating local market competition, particularly from established providers and emerging niche services, requires strategic differentiation. Managing the operational complexity inherent in servicing diverse client needs, from equipment installation to maintenance, demands efficient team deployment and training. Furthermore, reliance on specific supply chains for mobility equipment and parts can impact product availability and delivery timelines, influencing customer satisfaction.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Mobility Plus franchise?
How can I estimate the profitability and return on investment (ROI) of a Mobility Plus franchise?
What is the franchisee fee for a Mobility Plus franchise?
How to open a Mobility Plus franchise?
How many locations does Mobility Plus have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
