At a Glance
Products & Services: Kitchen and bathroom refinishing
Number of Locations: 130
Total Investment: $69.8K - 94.63K
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.
The company was acquired by Miracle Method U.S. Corp., which also owns franchise company Surface Doctor.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $35,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 5 years, renewable
Net Worth: $150,000
Liquid Cash Available: $85,000 - $123,000
OperationsFranchise can be run from home. 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).
|Financing Type||In-House||Third Party|