Miracle-Ear Inc.
#63 Franchise 500| Hearing aids

Miracle-Ear Inc.
Hearing aids

About
Founded

1948

Franchising Since

1983 (36 Years)

Corporate Address

150 S. 5th St., #2300
Minneapolis, MN 55402

CEO

Marc Lundeberg

Parent Company

Amplifon USA Inc.

Financial Requirements
Initial Investment

$119,000 - $352,500

Net-worth Requirement

$75,000

Liquid Cash Requirement

$25,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

$48.80/aid

Ad Royalty Fee

$75/aid

Financing Options

Miracle-Ear Inc. offers in-house financing to cover the following: equipment, accounts receivable

Veteran Incentives

10% off franchise fee

Support Options
Ongoing Support

Meetings/Conventions

Toll-Free Line

Grand Opening

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Ad Templates

National Media

Social media

SEO

Website development

Email marketing

Classroom Training:

34 hours

Additional Training:

Ongoing training as needed

Number of Employees Required to Run:

2

Miracle-Ear Inc. is ranked #63 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $119,000 High - $352,500
Units
+1.1%+16 UNITS (1 Year) +13.9%+176 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 4th, 2019