101 Mobility Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$181,850 - $258,600
Franchise Fee
$44,000
Min Cash Required
$50,000
Total US Locations
194
Business Summary
101 MOBILITY operates a retail business that specializes in selling, renting, installing, and servicing a variety of mobility and accessibility-related equipment and accessories. These products include stair lifts, auto lifts, vertical lifts, patient lifts, elevators, and ramps. The business serves both individuals who need equipment to live more easily in their homes, and commercial clients seeking to meet Americans with Disabilities Act (ADA) compliance. 101 MOBILITY utilizes local representatives who provide in-person consultations, product recommendations, evaluations, installations, and ongoing support. The business operates from a combination of an office and a warehouse facility.
Corporate History
101 Mobility Franchise Systems, LLC was formed as a North Carolina limited liability company on January 15, 2010. The company began offering franchises under the 101 MOBILITY brand in March 2010. Its primary purpose is to offer and support these franchised businesses. 101 Mobility is part of a larger corporate structure, with 101M AcquisitionCo, Inc. as its parent and Mobility HoldCo, LP as its ultimate parent. The franchise system also works with affiliates like IP Licensor, which owns the 101 MOBILITY intellectual property and MOBILINK™ software, APD Company, LLC, which manufactures and sells ramps, and Harmar Mobility, LLC, which sells mobility and accessibility equipment to franchisees.
Financial Overview
Investment Range
$181,850 - $258,600
Franchise Fee (Low)
$44,000
Franchise Fee (High)
$74,000
Minimum Cash Required
$50,000
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$14,350
Equipment Costs (High)
$29,500
Working Capital
$62,500
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
101 Mobility Franchise Systems, LLC reported net losses in both 2023 (-$2,748,462) and 2024 (-$3,459,491). The company's long-term debt significantly increased from $23,269,803 in 2023 to $30,650,208 in 2024. A notable financial aspect is that 101 Mobility paid substantial interest expenses, totaling $3,440,177 in 2024 and $2,318,337 in 2023, on behalf of affiliated entities. Despite these losses and high debt, the company maintained positive cash flow from operating activities in both years. 101 Mobility also has access to a $15,000,000 revolving line of credit and a $33,000,000 deferred draw term loan, with affiliates having utilized parts of these facilities. The independent auditors issued an unqualified opinion on the financial statements.
Financing Details
101 Mobility may offer franchisees direct financing for up to 50% of the initial franchise fee. Franchisees must pay at least 50% of the fee upfront. The financed portion must be repaid within 24 months from the first payment date, with equal monthly payments made via ACH along with weekly royalty fees. The interest rate will be the lesser of 12% per year or the maximum legal rate. Prepayments are allowed without penalty. This financing requires a Guaranty of Payment and a Payment and Performance Guarantee from all owners of the franchisee. 101 Mobility does not offer any other direct or indirect financing and does not guarantee franchisee notes, leases, or other obligations.
Performance Metrics
Total US Locations
194
Franchised Units
178
Corporate Units
16
Avg Square Footage
2,250
Franchising Since
2010
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
1
Litigation Summary
101 Mobility has disclosed one litigation case. In July 2017, 101 Mobility Franchise Systems, LLC filed a lawsuit against a former franchisee, RAMMCO, LLC, and its guarantors. The franchisor alleged that the franchisee failed to pay a key supplier, continued operating a competing business, and misused 101 MOBILITY trademarks and proprietary customer information after their franchise agreement was terminated. The lawsuit sought to enforce post-termination obligations, including claims for breach of agreement, trademark infringement, and unfair competition. The parties subsequently reached a settlement where the franchisee agreed to cease most operations and comply with a non-competition agreement. In exchange, 101 Mobility waived some outstanding amounts and paid the franchisee $40,000 upfront, with an additional $20,000 contingent on full compliance with the non-competition terms. This case was resolved and is not recent.
Bankruptcy History
101 Mobility has no bankruptcy history to report for the franchisor or its management.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
101 Mobility franchisees may renew their agreement for one additional 10-year term if they provide written notice 3 to 6 months before the initial term expires. To qualify, franchisees must sign the then-current franchise agreement (which may have different terms and fees, but no new initial franchise fee), update their business office, warehouse, and vehicles to current brand standards at their own expense, and ensure all monetary obligations to 101 Mobility, its affiliates, and suppliers are satisfied. They must also submit financial statements for the past two years, complete all current training requirements, and have substantially complied with the franchise agreement without any uncured defaults throughout the initial term. Finally, they must pay a renewal fee of $7,500.
Training & Support Program
Franchisor Assistance
101 Mobility provides extensive assistance to its franchisees. Before opening, 101 Mobility designates the territory, provides initial training in the System, proprietary MOBILINK software, and operational policies. The franchisor also advises on initial equipment and supply orders, helps establish relationships with approved suppliers, and loans digital operation manuals. Franchisees also receive access to the MOBILINK software and a template for their initial launch advertising plan. On an ongoing basis, 101 Mobility offers technical, managerial, and administrative advice via telephone and email, shares information about approved suppliers, and reviews franchisee-developed advertising materials. The franchisor may also organize mandatory or optional franchisee meetings and conferences, provide customer leads, and offer a proprietary intranet for communication and information dissemination.
Initial Training Hours
80
Training Location
Corporate headquarters in Wilmington, North Carolina
Ongoing Support
After opening, 101 Mobility provides ongoing technical, managerial, and administrative advice and guidance to franchisees via telephone, email, and other communication methods. The franchisor shares information about designated and approved suppliers and reviews all franchisee-developed advertising and promotional materials for approval. Franchisees are required to attend mandatory annual conferences, which are considered additional training, and are responsible for their travel, living, and wages, potentially including a reasonable training fee. Upon request or if required by 101 Mobility, in-person assistance is available at the franchisee's location for a Consulting Fee of $300 per trainer per day, plus travel, lodging, and dining costs. Franchisees in good standing are required to participate in the Franchisee Advisory Council. 101 Mobility also supports the proprietary MOBILINK software and requires the exclusive use of 101 Mobility email addresses by franchisees and their employees.
Franchise Requirements
Ideal Candidate Profile
101 Mobility seeks franchisees who are hands-on, proactive business developers. Ideal candidates, or their appointed Operating Principal, must commit to full-time engagement, directly supervising the business from the premises, and possess authority over all operational decisions. Franchisees are expected to actively pursue local market sales and not solely depend on passive lead generation channels.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
commercial
Owner Participation
Full-Time
Territory Type
Limited
Territory Size Requirements
101 Mobility territories are defined by a series of ZIP Codes as geographically determined by the U.S. Postal Service. The FDD does not specify a minimum or maximum number of ZIP codes, population, or a geographical radius for these territories.
Staffing Notes
101 Mobility requires an owner to be appointed as the Operating Principal, who must exert full-time best efforts and directly supervise the franchised business from the premises. This Operating Principal is responsible for ensuring that all installers receive and successfully complete their training. Franchisees are also required to staff their business with a number of mobility consultants, a customer care manager, mobility specialists, or other key personnel as specified by 101 Mobility. Additionally, all employees must exclusively use a 101 Mobility email address for business communication and may be required to complete annual security training.