Miracle-Ear Inc.
Hearing aids
Miracle-Ear Inc.
Hearing aids
About
Founded
1948
Franchising Since
1983 (36 Years)
Corporate Address
5000 Cheshire Pkwy. N.
Plymouth, MN 55446
CEO
Marc Lundeberg
Parent Company
Amplifon USA Inc.
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 - $30,000
Ongoing Royalty Fee
$48.80/aid
Financing Options
Miracle-Ear Inc. offers in-house financing to cover the following: equipment, accounts receivable
Miracle-Ear Inc. has relationships with third-party sources which offer 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 - $287,500
Units
+1.1%+16 UNITS (1 Year)
+13.9%+176 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
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