Miracle Method Surface Restoration

Founded: 1977 Franchising since: 1980

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.

Address: 5020 Mark Dabling Blvd. Colorado Springs, Colorado 80918

Phone: (800)444-8827/ (719)594-9196

Franchisor is a privately-held company with 4 employee(s); 4 employee(s) in franchise department.

Franchise Units

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	115	0	17	0
2008	119	0	21	0
2007	120	0	27	0
2006	95	0	22	0

Where Seeking Franchisees
Nationwide
Outside the U.S.: Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America, Western Europe

Exclusive territories available.
Territory size: 200,000-250,000 population

Total investment: $55,000 - $75,000
Franchise fee: $30,000
Ongoing royalty fee: 5.5%
Term of agreement: 5 years, renewable


Type of Financing Available

	In-House	Third Party
Franchise Fee	Yes	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $150,000
Cash liquidity requirement: $55,000
Business Experience:

• General business experience
• Marketing skills

Operations

• Franchise 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)

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 500® rank:
#256 (2010); #327 (2009); #188 (2008); #297 (2007); #345 (2006);

Low-Cost Franchises:
#76 (2007); #91 (2006);

Top Homebased Franchises:
#71 (2010); #93 (2009); #41 (2008); #83 (2007); #96 (2006);

America's Top Global Franchises:
#191 (2010); #150 (2008);