Miracle-Ear Inc.

Miracle-Ear Inc.

Miracle-Ear Inc.
#44

Initial Investment

LOW: $119,000
HIGH: $287,500

Change in Units

+3.9% +49 UNITS (1 Year)
-2.7% -34 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1948

Franchising Since

1983 (33 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

Franchise 500® Rank History

Highest Rank: 14

Lowest Rank: 44

  • 2008 - 38
* Not all years were ranked

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
Regional Media
National Media

Number of employees required to run: 2

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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: August 18th, 2016

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