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Miracle Method Surface Refinishing

2014 Franchise 500
#230
At a Glance

Products & Services: Kitchen and bathroom refinishing

Number of Locations: 139

Total Investment: $75K - $110K

Founded: 1977

Began Franchising: 1980

About Miracle Method Surface Refinishing

Miracle Method Bath and Kitchen Refinishing offers bathroom refacing and refinishing services to homeowners, hotel operators and apartment managers. Founded in 1979 by Bob Gray, the company has franchises throughout the United States and internationally, reconditioning and renovating bathtubs, ceramic tile walls, countertops, cabinets, sinks and showers.

Franchise Units

Year U.S. Canadian International Company Owned
2014 134 4 0 1
2013 128 1 0 1
2012 123 1 0 0
2011 119 0 12 0
2010 116 0 14 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $75,000 - $110,000
Franchise Fee: $40,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $85,000 - $123,000
Operations
5% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 6. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
Direct Capital
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.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, 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®: #230 (2014), #223 (2013), #226 (2012), #366 (2011), #256 (2010),
Top Home-Based: #63 (2012), #71 (2010),
America's Top Global: #177 (2012), #191 (2010),

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