Miracle-Ear Inc.
Hearing aids

Miracle-Ear Inc.
Hearing aids

About
Founded

1948

Franchising Since

1983 (35 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: 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

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

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

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

Looking To Enter The Franchising Industry? Here Are Few Obstacles To Look After

Just like any other business, franchising has its own obstacles

Why Growth Monitoring is Important for a Franchise Business?

A business should pause for a while to analyze the growth, steps and calculate profit and then plan for its optimization

How Educational Franchises Gain Popularity in Small Towns & Cities

The big brands also help people in small towns, gain world-class teaching and get popularity through word of mouth

Top Franchise Brands Endorsed By Amitabh Bachchan

Big brands rely heavily on the image of the celebrities who are associated with the brand's products/services

How to Choose the Right Franchise Brand?

Malaysia's BFood CEO and Starbucks MD offers his successful strategy

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: October 8th, 2018
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.