Mobility Plus Franchise Cost – Mobility Plus Startup Costs

Are you considering investing in a franchise? If so, you may be interested in exploring the affordable franchise opportunities offered by Mobility Plus. As a fast-growing franchise in the mobility products sector, Mobility Plus provides a range of mobility solutions and equipment to individuals with disabilities, injuries, or illnesses.

When it comes to franchise ownership, one of the key factors to consider is the cost involved. Let’s take a closer look at the franchise fees and start-up investments associated with a Mobility Plus franchise.

Key Takeaways:

The initial investment for a Mobility Plus franchise is $223,000 on average, making it an affordable franchise option.
The franchise fee is $55,000, which grants you access to the Mobility Plus brand and support.
Franchisees are required to pay a royalty fee of 6.0% of revenues and a marketing fee of 2.0%.
The average yearly revenue per unit is $279,000, with a sales to investment ratio of 1.3x.
To qualify for a Mobility Plus franchise, a minimum net worth and liquid capital of $100,000 each are required.

About Mobility Plus

Mobility Plus is a franchisor based in Hoffman Estates, Illinois, that provides mobility solutions and equipment to people with disabilities, injuries, or illnesses. The franchise offers a wide range of mobility equipment to meet the unique needs of individuals. This includes scooters, ramps, power wheelchairs, stair lifts, and more.

One of the key advantages of Mobility Plus is its ability to provide residential mobility solutions. The franchise offers equipment that allows individuals to navigate their homes easily and safely, enhancing their independence and quality of life. In addition to residential solutions, Mobility Plus also provides commercial mobility solutions for businesses, ensuring accessibility for both employees and customers.

Since its inception in 2016, Mobility Plus has rapidly expanded its footprint and currently operates through 60 franchises across the United States. The franchise has built strong relationships with leading equipment manufacturers in the industry, ensuring that franchisees have access to high-quality products and innovative solutions.

One of the unique aspects of Mobility Plus is its collaboration with government agencies. The franchise works alongside veterans agencies and healthcare referrals, allowing franchisees to provide mobility solutions to those in need. This mutually beneficial relationship enables Mobility Plus to serve a wider customer base and make a meaningful impact in the community.

“At Mobility Plus, we are committed to improving the lives of individuals with mobility challenges. Through our comprehensive range of equipment and strong partnerships, we strive to provide the best mobility solutions for our customers.”

In addition to offering a diverse range of mobility equipment, Mobility Plus provides rental services and installation assistance to ensure that customers receive a complete and seamless experience. The franchise is dedicated to supporting its customers throughout their mobility journey, from product selection to installation and ongoing maintenance.

Pros and Cons of Mobility Plus Franchise

Considering the pros and cons of owning a Mobility Plus franchise is essential before making an investment decision. Let’s explore the advantages and disadvantages of becoming a Mobility Plus franchisee.

Pros of Mobility Plus Franchise

Exclusive Territory Protection: As a Mobility Plus franchisee, you will benefit from exclusive territory protection, ensuring that you have a designated market area to serve.

Marketing and Support: The franchisor provides marketing and support services to help you establish and promote your business effectively.

Comprehensive Training and Ongoing Support: Mobility Plus offers comprehensive training programs and ongoing support to equip you with the necessary knowledge and skills to run your franchise successfully.

Financial Assistance Options: If you require financial assistance to start your franchise, Mobility Plus offers various options to help you secure the necessary funds.

Passive Investment Opportunity: With a Mobility Plus franchise, you have the opportunity for passive investment. This means that you can potentially generate income without actively managing day-to-day operations.

Low Staff Requirements: Operating a Mobility Plus franchise requires minimal staffing, allowing you to keep labor costs relatively low.

Cons of Mobility Plus Franchise

Requirement for a Physical Location: Owning a Mobility Plus franchise necessitates having a physical location to showcase and sell mobility equipment.

Full-Time Operation: Successfully running a Mobility Plus franchise requires your full-time commitment and involvement in the business.

Limited Global Presence: It’s important to note that Mobility Plus franchises have a limited global presence, primarily operating within the United States.

Considering these pros and cons will help you make an informed decision about whether owning a Mobility Plus franchise aligns with your goals and preferences.

Pros and Cons Comparison

Pros
Cons

Exclusive territory protection
Requirement for a physical location

Marketing and support
Full-time operation

Comprehensive training and ongoing support

Limited global presence

Financial assistance options

Passive investment opportunity

Low staff requirements

Mobility Plus Franchise Costs

Investing in a Mobility Plus franchise offers a lucrative opportunity to enter the thriving mobility products sector. To open a Mobility Plus franchise, the total investment required ranges from $169,000 to $277,000. This investment covers various expenses, including the franchise fee, formulation costs, equipment costs, initial marketing fees, and operating costs.

Franchise Fee

The franchise fee for a Mobility Plus franchise is $55,000 to $60,000. This fee grants you the rights to operate under the esteemed Mobility Plus brand and access their proven business model.

Formulation Costs

Formulation costs include expenses related to setting up the franchise location, such as leasehold improvements, store design and layout, signage, and initial inventory. These costs may vary depending on the size and condition of the space chosen for your Mobility Plus franchise.

Equipment Costs

As a provider of mobility solutions, acquiring essential equipment is crucial to the success of your franchise. The equipment costs cover inventory, including mobility scooters, ramps, power wheelchairs, stair lifts, and other assistive devices. The specific equipment required may vary based on market demand and customer needs.

Operating Costs

Running a franchise involves various operational expenses, such as rent, utilities, insurance, marketing, staffing, and ongoing royalty fees. It’s important to carefully consider and budget for these costs to ensure the smooth operation and profitability of your Mobility Plus franchise.

To help aspiring franchisees, Mobility Plus offers financing options and has established relationships with third-party institutions to assist with funding. These financing options can help you secure the necessary capital to launch and operate your Mobility Plus franchise successfully.

The Franchise Disclosure Document (FDD) provides a detailed breakdown of all the costs involved in starting and running a Mobility Plus franchise. It is essential to review the FDD thoroughly and consult with financial advisors to gain a comprehensive understanding of the financial commitment and potential return on investment.

Franchise Costs
Low Range
High Range

Franchise Fee
$55,000
$60,000

Formulation Costs
$30,000
$40,000

Equipment Costs
$70,000
$90,000

Operating Costs (initial)
$14,000
$20,000

Operating Costs (monthly)
$7,000
$10,000

Total Investment
$169,000
$277,000

Mobility Plus Franchise Fees

When considering a franchise opportunity, understanding the financial obligations is crucial. In the case of Mobility Plus, franchisees are required to pay an initial franchise fee of $55,000. This fee grants access to the Mobility Plus brand, products, and support system.

In addition to the franchise fee, franchisees are also responsible for paying a royalty fee. The royalty fee is a percentage of the franchisee’s revenues, specifically 6.0%.

This structure ensures that Mobility Plus has a vested interest in the success of its franchisees. By tying royalty fees to revenue, both the franchisor and franchisee are aligned in their goals for profitability and growth.

Franchisees can expect ongoing support from Mobility Plus, which includes access to the brand’s established marketing strategies and industry expertise.

The following table provides an overview of the Mobility Plus franchise fees:

Franchise Fee
Royalty Fee

$55,000
6.0% of revenues

Mobility Plus offers a transparent and straightforward fee structure, allowing franchisees to plan and budget accordingly. The initial franchise fee and royalty fee contribute to the ongoing support and resources provided by Mobility Plus to ensure the success of its franchisees.

Mobility Plus Franchise Revenue

One of the key factors that potential franchisees consider when evaluating a franchise opportunity is the revenue potential. In the case of Mobility Plus, the average revenue per year for a franchise is an impressive $279,000. This figure is based on the average gross sales per franchise business for 16 of the 52 franchised business that operated in 2021.

Generating such revenue requires a combination of factors, including the popularity and demand for mobility solutions, effective marketing strategies, and a commitment to excellent customer service. Mobility Plus franchisees have the opportunity to tap into a growing market and leverage the brand’s reputation to drive sales and revenue.

By providing high-quality mobility equipment and personalized solutions to individuals with disabilities, injuries, or illnesses, Mobility Plus franchisees can make a positive impact in their communities while also running a profitable business.

To illustrate this revenue potential, let’s take a closer look at some key numbers:

Key Revenue Figures

Average Revenue per Year
$279,000

These figures represent a significant opportunity for franchisees to generate a substantial income while helping those in need improve their mobility and quality of life.

Image: A franchise location of Mobility Plus, where franchisees have the potential to generate an average yearly revenue of $279,000.

With the right combination of dedication, marketing efforts, and excellent customer service, Mobility Plus franchisees can maximize their revenue potential and achieve success in the fast-growing mobility products sector.

Disclaimer

The content provided in this article is for informational and educational purposes only. It does not constitute professional advice, and readers should not make any decisions based solely on the information provided. Franchise costs and details may vary and should be verified with the franchisor directly.

Mobility Plus Franchise Financing Options

Starting a Mobility Plus franchise is an exciting opportunity, and securing financing is often a crucial step in turning that dream into a reality. Mobility Plus understands this and offers various financing options to support franchisees in their journey. Whether you need assistance with the franchise fee, startup costs, equipment, inventory, accounts receivable, or payroll, Mobility Plus has you covered.

In addition to in-house financing options for the franchise fee and inventory, Mobility Plus has built relationships with trusted third-party institutions that specialize in franchise financing. These partnerships allow franchisees to explore third-party financing options, providing a wider range of choices and flexibility in securing the necessary funds.

For individuals who have served in the military, Mobility Plus even offers a special veteran discount. Veterans can benefit from a 10% discount on the franchise fee, recognizing their dedication and service.

At Mobility Plus, we believe in supporting our franchisees from the very beginning of their journey. By offering financing options, including in-house financing and third-party partnerships, and extending a discount to veterans, we aim to make the franchise investment more accessible and attainable for aspiring entrepreneurs.

Mobility Plus Showroom Options

Mobility Plus understands the importance of showcasing mobility equipment in a visually appealing and functional way. That’s why we offer our franchisees a range of showroom options to display and present our top-quality products. We believe that a well-designed showroom not only enhances the customer experience but also boosts sales and builds trust.

When it comes to showroom setup, our experienced team is here to assist you every step of the way. We offer guidance on the layout, organization, and overall design of your showroom to create an attractive and comfortable environment for your customers. Whether you’re looking to create a cozy and inviting space or a sleek and modern showroom, we have the expertise to bring your vision to life.

Our showroom design services focus on maximizing both functionality and aesthetics. We take into consideration factors such as product placement, signage, lighting, and customer flow to ensure that your showroom is optimized for sales and customer engagement. Our goal is to create an environment that not only showcases our range of mobility products but also educates and informs customers about their options.

Benefits of a Well-Designed Showroom

Enhanced Customer Experience: A well-designed showroom provides a welcoming and comfortable atmosphere for customers to explore and interact with the products.

Increased Sales: A visually appealing display can attract customers and entice them to make a purchase.

Showcasing Product Range: A showroom allows customers to see, touch, and try out different mobility products, helping them make informed decisions.

Educational Opportunity: A showroom provides an opportunity to educate customers about the features, benefits, and customization options of our mobility equipment.

At Mobility Plus, we believe that the showroom is an essential part of the customer journey. It is where customers can experience our products firsthand and receive personalized assistance from our knowledgeable staff. By investing in a well-designed showroom, you can create a lasting impression on your customers and build a reputation for quality and excellence.

Available Territories for Mobility Plus Franchise

Mobility Plus offers individuals the opportunity to own a franchise in the thriving mobility products sector. However, due to high demand and limited availability, the franchise has a limited number of territories for new franchisees. If you are interested in joining the Mobility Plus family and becoming a franchise owner, we encourage you to express your interest by completing the form below.

Upon receiving your submission, our team will review your information and assess the suitability and availability of territories. We take into consideration various factors such as market demand, competition, and geographical coverage to determine the most feasible and profitable territories for new franchisees.

Being awarded a Mobility Plus franchise territory ensures that you have exclusive rights to operate within a designated area, giving you a competitive advantage and the opportunity to cater to the mobility needs of individuals in your community.

If you’re ready to take the next step towards owning a Mobility Plus franchise and serving your local community, please complete the form below. We look forward to reviewing your application and discussing the exciting possibilities that lie ahead!

Benefits of Mobility Plus Franchise Territories

Exclusive operational rights within a specified territory

Reduced competition from other franchisees

Localized marketing and customer base

Opportunity to establish long-term relationships with customers

Greater potential for growth and profitability

Taking the Next Step with Mobility Plus Franchise

If you’re interested in becoming a franchisee with Mobility Plus, the next step is simple. Just complete the form on our website to express your interest in joining our franchise network. Once we receive your submission, our team will review your information and assess your suitability as a potential franchisee.

If your inquiry aligns with our requirements, we’ll schedule a call to discuss the opportunity further. During this conversation, we’ll provide more details about the franchise process, answer any questions you may have, and determine if we’re a good fit for each other.

If both parties decide to move forward, we’ll proceed with signing the franchise agreement. This agreement will outline the terms and conditions of your new franchise. As a Mobility Plus franchisee, you’ll receive comprehensive training and ongoing support to help you successfully launch and operate your business.

FAQ

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