GreenLight Mobility Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$160,900 - $287,060
Franchise Fee
$50,575
Total US Locations
3
Business Summary
GREENLIGHT MOBILITY operates a franchise business that provides home modifications for disabled individuals and those with limited mobility. Additionally, GREENLIGHT MOBILITY offers other contracting services, including home assessments, evaluations, consultations, estimates, and general home improvement and maintenance. Related services also include home remodeling and mobility training.
Corporate History
GLM Franchising LLC was formed in New Jersey on April 11, 2015. The company began offering GREENLIGHT MOBILITY franchises in January 2016. GLM Franchising LLC's affiliate, Back Home Safely LLC, has been operating a similar home modifications business since 2007, serving as a predecessor to the GREENLIGHT MOBILITY franchise concept.
Financial Overview
Investment Range
$160,900 - $287,060
Franchise Fee (Low)
$50,575
Franchise Fee (High)
$59,500
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$6,300
Equipment Costs (High)
$20,250
Working Capital
$44,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
GLM Franchising LLC appears to be in a sound financial position. The company has positive working capital, with current assets significantly exceeding current liabilities in both 2023 and 2024. The auditor's report indicates an unqualified opinion, meaning the financial statements are presented fairly in all material respects. There are no explicit concerns raised about the company's ability to continue as a going concern, nor any other significant financial red flags disclosed in the financial statements or accompanying notes.
Financing Details
GLM Franchising LLC does not offer any direct or indirect financing to its franchisees. The franchisor also does not guarantee any franchisee notes, leases, or other financial obligations.
Performance Metrics
Total US Locations
3
Franchised Units
2
Corporate Units
1
Avg Square Footage
1,000
Franchising Since
2016
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
GLM Franchising LLC has no litigation to report. Item 3 of the Franchise Disclosure Document explicitly states that there is no litigation required to be disclosed.
Bankruptcy History
GLM Franchising LLC has no bankruptcy history to report. Item 4 of the Franchise Disclosure Document explicitly states that there is no bankruptcy information required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Conditions
To be considered for a successor franchise agreement, GREENLIGHT MOBILITY franchisees must provide 180 days' notice before their current term expires. They are required to pay a $2,500 successor agreement fee and sign the then-current franchise agreement, which may have different terms. Franchisees must be in full compliance with all agreements, meet any additional training or modernization requirements, and sign a general release. The franchisor and franchisee must also agree on the Licensed Service Area. If all conditions are met, the franchisor may still decline renewal if they have stopped offering new franchises in that state.
Training & Support Program
Franchisor Assistance
Before opening, GREENLIGHT MOBILITY assists franchisees by designating their territory, providing an Initial Training Program for the franchisee and a primary installer, lending a copy of the operations manuals, and offering a list of approved vendors and consultation on initial equipment and supplies. After opening, the franchisor provides ongoing support through telephone counseling during specified business hours, revisions and updates to the manuals, development of promotional programs using the Marketing Fund, and periodic modifications to the system. The franchisor may also review advertising materials and inspect locations for compliance. Support is also available via email, e-newsletters, social media groups, and an intranet portal.
Initial Training Hours
126
Training Location
Randolph, NJ
Ongoing Support
After opening, GREENLIGHT MOBILITY franchisees can access ongoing support through telephone counseling provided during regular business hours (Monday-Friday, 9:00 AM-5:00 PM EST from September-May, and 9:00 AM-2:00 PM EST from June-August). The franchisor also provides revisions and updates to its operations manuals, develops promotional and marketing efforts using the Marketing Fund, furnishes system improvements, and offers assistance via email, e-newsletters, social media groups, and an intranet portal.
Franchise Requirements
Ideal Candidate Profile
GREENLIGHT MOBILITY seeks franchisees with a healthcare background, such as an allied health professional, nurse, medical doctor, osteopathic doctor, or physician's assistant. If the franchisee does not personally possess this healthcare background, they must employ someone who does to perform home assessments and assist with marketing efforts. Franchisees are expected to devote full-time and active management to the business. If the franchisee is an entity, an owner must directly supervise the business. Any employed manager must successfully complete the initial training program and sign a confidentiality and non-competition agreement.
Industry Experience Required
Yes
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
Yes
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Limited
Territory Size Requirements
GREENLIGHT MOBILITY defines its franchise territories, known as Licensed Service Areas (LSAs), by contiguous zip codes. Each LSA is designed to have a general population density of at least 500,000 people. The specific population count is determined using recent United States census data, estimates, and chamber of commerce information, with the franchisor making the final determination for the approved territory.
Staffing Notes
GREENLIGHT MOBILITY requires that the franchisee's primary installer, who acts as a technician, carpenter, or contractor, must complete specialized Technical Installation Training and Vendor Training Programs before providing services to customers. If the franchisee does not have a healthcare background, they must employ someone with such a background to perform home assessments and assist with marketing. If the franchisee chooses to employ a full-time manager, that manager must also complete the initial training program and sign confidentiality and non-competition agreements. All officers, directors, executives, members, managers, shareholders, partners, employees, and owners must sign non-competition agreements.