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Miracle-Ear Inc.

2014 Franchise 500
#36
At a Glance

Products & Services: Hearing instruments

Number of Locations: 1,299

Total Investment: $119K - $287.5K

Founded: 1948

Began Franchising: 1983

About Miracle-Ear Inc.

Kenneth Dahlberg started Dahlberg Electronics in 1948 and began manufacturing the first Miracle-Ear hearing aids. Today, Miracle-Ear is a subsidiary of Italian hearing aid distributor Amplifon, with U.S. headquarters in Plymouth, Minnesota. Miracle-Ear's retail locations offer free hearing tests and consultations and offer service, warranty and after-care packages with their hearing aids.

Franchise Units

Year U.S. Canadian International Company Owned
2013 1,290 0 0 9
2012 1,351 0 0 6
2011 1,319 0 0 20
2010 1,301 0 0 27
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $119,000 - $287,500
Franchise Fee: $20,000
Ongoing Royalty Fee: $48.80/aid
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Liquid Cash Available: $25,000
Operations
80% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed..
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: As needed. Ongoing training as needed
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #36 (2014), #21 (2013), #19 (2012), #44 (2011), #14 (2010),
Fastest-Growing: #77 (2013), #77 (2011),

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