Amramp
With over 30 years experience in manufacturing metal architectural products and a patented low cost wheelchair ramp system, Amramp dominates a unique niche market in the franchise industry. Amramp pursues the mission of serving those who use wheelchairs and have trouble with stairs, and is dedicated to supplying superior wheelchair ramps and outstanding service. The unique Amramp wheelchair ramp design concentrates on safety and helps reduce the possibility of slips and falls. Amramp safety features meet and often surpass A.D.A guidelines, allowing Amramp to offer a superior product.
Amramp presents an opportunity for franchisees to invest in a meaningful health care business with considerable potential for financial success and growth. Amramp franchisees benefit from a proven business model and exceptional products. Home health care is one of the largest growing franchise industries, providing franchisees considerable business opportunities; and with its control of a unique portion of the market, Amramp franchisees face little competition.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
| | Franchised |
38 |
41 |
42 |
| | % Change | -- |
7.9% |
2.4% |
| | Company-Owned | 1 | 1 | 1 |
| | % Change | -- | 0.0% | 0.0% |
| | Total |
39 |
42 |
43 |
| | % Change | -- | 5.41% | 7.69% |
| | Franchised as % of Total |
97.44% |
97.62% |
97.67% |
Investment Required
The fee for an Amramp franchise is $49,250 for each 1,000,000 persons in a franchise territory, calculated on a pro rata basis.
Amramp provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| | Franchise Fee | $49,200 | $98,500 |
| | Real Estate Improvement | $0 | $1,000 |
| | Signs | $1,500 |
$2,900 |
| | Initial Inventory | $11,500 | $11,500 |
| | Vehicles |
$24,595 |
$34,410 |
| | Tools | $500 | $1,200 |
| | Office Equipment/Supplies | $500 | $3,100 |
| | Start-Up Marketing Costs | $5,000 | $5,000 |
| | Trade Show Booth | $800 | $5,870 |
| | First Year Insurance Premiums | $1,200 | $5,000 |
| | Professional Fees | $1,000 | $2,000 |
| | Licenses and Permits | $50 | $200 |
| | Training Expenses | $1,000 | $2,000 |
| | Additional Funds | $27,500 | $45,000 |
| | Total Investment |
$124,395 |
$217,680 |
On-going Expenses
Amramp franchisees pay royalty fees range from 3-12% of gross revenue. Amramp also requires franchisees to contribute 1-3% of gross revenue to regional/national advertising and 3-6% of gross revenue to local advertising depending on total yearly revenue. Additional on-going expenses include a computer software subscription fee, a yearly fee for computer software upgrades and maintenance, and storage fees.
What You Get–Training and Support
Amramp provides an initial 5-day training program for new franchisees and one other employee at the training facility in South Boston, MA. This program covers training in a variety of topics including administration, operations, field sales and client service. Following this training program, franchisees will receive on-site training at their new Amramp location or an existing Amramp location.
Following establishment of a new Amramp location, franchisees benefit from numerous on-going support systems. Amramp offers on-site assistance in development and operations throughout the initial 12 months and once a year after that. Amramp also provides guidance to franchisees regarding business standards, specifications, operating procedures and methods, as well as guidance in purchasing required and recommended goods, equipment, materials, supplies and services. Furthermore, Amramp organizes on-going refresher training courses for franchisees as needed.
Territory
Amramp grants exclusive territories for geographic regions of approximately two million people per territory.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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