Entrepreneur: Start & Grow Your Business

Miracle Method Surface Restoration

Bathroom restoration services

Year began: 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.

4239 N. Nevada, #115
Colorado Springs, CO 80907

Phone: (800)444-8827/(719)594-9196
Fax: (719)594-9282

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

Franchise Growth

Year

2008
2007
2006
2005
2004

U.S. Franchises

122
120
95
86
86

Canadian Franchises

0
0
0
0
0

Foreign Franchises

25
27
22
20
27

Company
Owned

0
0
0
0
0

Where Seeking Franchisees

Nationwide

Outside the U.S.:

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

Costs & Fees

Total investment: $75K
Franchise fee: $30K
Ongoing royalty fee: 5%
Term of agreement: 5 years, renewable
Renewal fee: 5%

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: $150K
Cash liquidity requirement: $75K
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 & Support

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

Rankings in Entrepreneur magazine 2004-2008

Franchise 500® rank:
#188 (2008); #297 (2007); #345 (2006); #332 (2005); #467 (2004);

Ranked #1 in category in:
2008;

Top home based franchises:
#41 (2008); #83 (2007); #96 (2006); #91 (2005);

Low-Cost Franchises:
#76 (2007); #91 (2006); #88 (2005); #130 (2004);

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

Last Updated: 4/22/2008 12:00:00 AM