Miracle-Ear Inc.

Hearing aids

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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:

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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