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

Franchise Articles

Despite a Slump in the Auto Sector, This Auto Start-up is Spearheading the Online Car Marketplace with its Latest Funding

The funds will be utilised to strengthen the footprint of the company in new cities, franchise model, technology and recently announced consumer lending business

Are You Sure Your Franchisor Has Your Back?

The true test of a good franchisor is what they do to help a franchisee in good times and bad-especially in bad.

There's a Skilled Trade Labor Shortage. Can We Fix It?

How franchises are working to boost their workforce.

How Dubai Based Startup Uncle Fluffy Bakery Became A Global Franchise

The Uncle Fluffy brand now has the distinction of being franchised out to multiple geographies within three years of its existence, which makes one wonder of its secret sauce.

Licensing vs. Franchising: Which Path Is Right for You?

Here are three factors to help you determine how best to expand your business through franchising or licensing.

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