Miracle-Ear logo
Hearing aids

Investment

$120,000

Initial Franchise Fee

$30,000

Units

1,615

Growth Rate

+4.8%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Health & Wellness
Founded 1948
Franchising Since 1983
Parent Company Amplifon
Leadership Marco Casale, SVP & GM
# of Employees at HQ 150

Units and Growth Chart

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About Miracle-Ear

Listen up! Miracle-Ear could be the sound investment you've been waiting for. The first Miracle-Ear hearing aids were manufactured in 1948 by Dahlberg Electronics. After beginning to franchise in 1983, Miracle-Ear has grown to be one of the highest-selling hearing aids in the United States. Headquartered in Minneapolis, Minnesota, Miracle-Ear usually provides free testing and consultation service, and their hearing aids typically come with special deals and warranties. The hearing aids are generally produced by Amplifon, a multinational company in Italy.

Miracle-Ear helps people with hearing disabilities hear better by amplifying sounds. The company has more than 1,400 locations throughout the United States.

Why You May Want to Start a Miracle-Ear Franchise

When you open a Miracle-Ear franchise, you may have the opportunity to manage your own business, and you just might receive access to all the resources and help needed to operate that business successfully. As you will find yourself in the hearing aid business, you may also get the opportunity to make a difference in people's lives by improving their quality of life. 

The products are designed to help people who have a hearing disability. These hearing aids usually come with frequent checkups to see how the hearing aids perform and if they need any improvement or repairs. This means that running your Miracle-Ear franchise could be a continuous process of upkeep, potentially providing you with a revolving door of clients. 

To open a Miracle-Ear franchise, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. It is also important to remember that ongoing fees, including advertising fees and royalty fees, will be part of your life as a Miracle-Ear franchisee.

What Might Make Miracle-Ear a Good Choice?

Many times in the past several decades, Miracle-Ear has been ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points. These include areas in costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

There are currently more than 40 million people living in the United States with some degree of hearing loss. This may result in many consumers needing a place to purchase and maintain their hearing aids. 

With current technology, more and more hearing aids are being made for less. Miracle-Ear has been making hearing aids since 1948 and has data and knowledge to share about this industry. They use this data to provide their franchisees with the help they need to function efficiently in their new business. The company usually offers services including business workshops, store location, marketing teams, best insurance deals and assistance, sales training, and more.

How to Open a Miracle-Ear Franchise

Many franchisees find that starting their own Miracle-Ear franchise is relatively straightforward, especially for those who meet all the requirements. During the process, a Miracle-Ear representative will usually send you all the requirements, as well as plans available for you. A franchise agent is often assigned to work closely with applicants as they go through the process of opening a Miracle-Ear franchise. 

Is it time for you to help others experience the miracle of hearing?

Investment Details

Initial Franchise Fee $30,000
Initial Investment $120,000 - $402,500
Cash Requirement
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Royalty Fee
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Ad Royalty Fee
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Term of Agreement
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Is Franchise Term Renewable?
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Financing
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Available Territories

Franchising opportunities available in the following regions

United States

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Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
7PX
Classroom Training
32u

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

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Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
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Can this franchise be run from home/mobile unit?
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Can this franchise be run part time?
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# of employees required to run
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Are exclusive territories available?
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Veterans program
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Ranking History

Miracle-Ear performance in the Franchise rankings over recent years

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022