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Miracle-Ear Inc.

2012 Franchise 500
#19
At a Glance

Products & Services: Hearing instruments

Number of Locations: 1,339

Total Investment: $122.5K - 570K

Founded: 1948

Began Franchising: 1983

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 1,319 0 0 20
2010 1,301 0 0 27
2009 1,274 0 0 42
2008 1,292 0 0 29
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $122,500 - $570,000
Franchise Fee: $30,000 - $100,000
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: 3. 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®: #19 (2012), #44 (2011), #14 (2010), #38 (2008),
Fastest-Growing: #77 (2011), #96 (2008),