
Miracle-Ear Inc.
Hearing aids- Units as of 2021
-
1,511 (3 years)6%
- 2021 Franchise 500 Rank
-
#84 Ranked #98 last year14
- Initial investment
-
$119K - $353K
Company Overview
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About Miracle-Ear Inc.
- Industry
- Health
- Related Categories
- Hearing Aids, Health, Miscellaneous Health Products, Miscellaneous Health Services,
- Founded
- 1948
- Parent Company
- Amplifon USA Inc.
- Leadership
- Marc Lundeberg, Executive VP Americas
- Ticker Symbol
- AMFPF
Franchising Overview
- Franchising Since
- 1983 (38 years)
- # of employees at HQ
- 200
- Where seeking
- Franchisor is seeking new franchise units throughout the U.S.
- # of Units
- 1,511
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Miracle-Ear Inc. franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $30,000 - $30,000
- Initial Investment
- $119,000 - $352,500
- Net Worth Requirement
- $75,000
- Cash Requirement
- $25,000
- Royalty Fee
- $48.80/aid
- Ad Royalty Fee
- $75/aid
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
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Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Miracle-Ear Inc. offers in-house financing to cover the following: equipment, accounts receivable
- Third Party Financing
- Miracle-Ear Inc. has relationships with third-party sources which offer financing to cover the following: startup costs
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 34 hours
- Additional Training
- Ongoing training as needed
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesNational MediaSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 2
- Are exclusive territories available?
- Yes
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Franchise 500 Ranking History
Compare where Miracle-Ear Inc. landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Miracle-Ear Inc. ranked on other franchise lists? Find out below.
In Franchise 500 Ranking
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