101 Mobility is a leading provider of personal mobility and accessibility solutions throughout the nation. With over 110 franchise territories, the company offers a wide range of products – such as stair lifts, ramps and wheelchair lifts that allow seniors and those with disabilities to safely access their homes – and their automobiles. Their rental programs and VA contracts provide some supplemental income while their new focus on commercial accounts (churches, schools, restaurants and doctor’s offices) makes this a multiple revenue opportunity within the “making a difference” category.
The “aging in place” market is huge and growing by the day. A whopping 91% of retirees want to “age in place” – i.e. stay in their homes. 101 Mobility is making that a viable option through their products which they also install and service. The disability population is also served by this business – a market that is considered to be the third largest minority in America.
Who makes a great owner of this business? Potential franchisees with a positive attitude, strong leadership qualities, take charge individuals. Successful owners are highly independent with an internal locus of control. You should have some innate sales ability: relationship development skills are extremely important in the early building phase of the business. Finally, they are looking for people with some business acumen: the ability to understand whether or not their business is making money. No prior experience in the industry is necessary – most owners came from completely unrelated industries.
This business has relatively low start – up costs (generally under $250,000 for most territory sizes (less for “small markets”) as your “office” is a small office/warehouse in a light industrial park. All you need is 2000 approximate square feet with a showroom in the front and two employees to start. It has the plus of being a lifestyle business with Monday through Friday business hours.
With an extremely robust item 19, showing strong income potential, this is a fast growing brand to consider if your net worth is over $300,000 and you want to make a difference in people’s lives.