Miracle-Ear Inc. Franchise Information

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Promoted Opportunities

#22

Initial Investment

LOW: $119,000

HIGH: $287,500

Change in Units

+7.7% +98 UNITS (1 Year)

+4.9% +64 UNITS (3 Years)

Company Profile

Founded

1948

Franchising Since

1983 (34 Years)

Corporate Address

5000 Cheshire Pkwy. N. Plymouth, MN 55446

CEO

Heinz Ruch

Parent Company

Amplifon

About Miracle-Ear Inc.

Kenneth Dahlberg started Dahlberg Electronics in 1948 and began manufacturing the first Miracle-Ear hearing aids. Today, Miracle-Ear is a subsidiary of Italian hearing aid distributor Amplifon, with U.S. headquarters in Plymouth, Minnesota. Miracle-Ear's retail locations offer free hearing tests and consultations and offer service, warranty and after-care packages with their hearing aids.

Financials

Financial Requirements

Initial Investment

$119,000 - $287,500

Net-worth Requirement

$75,000

Liquid Cash Requirement

$25,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

$48.80/aid

Financing Options

Miracle-Ear Inc. offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Miracle-Ear Inc. has relationships with third-party sources which offer financing to cover the following:  franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives
  10% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 5 days

Additional Training: Ongoing training as needed

Ongoing Support

Purchasing Co-ops

Newsletter

Meetings

Toll-Free Line

Grand Opening

Internet

Security

Field Operations

Marketing Support

Co-op Advertising

Ad Slicks

National Media

Regional Media

Number of employees required to run: 2

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Disclaimer

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Updated: August 18th, 2016

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Promoted Opportunities

Initial Investment

Change in Units

Company Profile

Founded

Franchising Since

Corporate Address

CEO

Parent Company

About Miracle-Ear Inc.

Financials

Financial Requirements

Initial Investment

Net-worth Requirement

Liquid Cash Requirement

Ongoing Fees

Initial Franchise Fee

Ongoing Royalty Fee

Financing Options

Units (Locations)

Operations & Franchisor Support

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