Miracle Method Surface Refinishing

Miracle Method Surface Refinishing

Miracle Method Surface Refinishing
#231

Initial Investment

LOW: $75,000
HIGH: $120,000

Change in Units

0.0% 0 UNITS (1 Year)
+6.5% +9 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1977

Franchising Since

1980 (36 Years)

Corporate Address

4310 Arrowswest Dr. Colorado Springs, CO 80907

CEO

Chuck Pistor

Parent Company

Miracle Method of the United States

About Miracle Method Surface Refinishing

Miracle Method Bath and Kitchen Refinishing offers bathroom refacing and refinishing services to homeowners, hotel operators and apartment managers. Founded in 1979 by Bob Gray, the company has franchises throughout the United States and internationally, reconditioning and renovating bathtubs, ceramic tile walls, countertops, cabinets, sinks and showers.

Financials

Financial Requirements

Initial Investment

$75,000 - $120,000

Net-worth Requirement

$150,000

Liquid Cash Requirement

$85,000 - $125,000

Ongoing Fees

Initial Franchise Fee

$40,000 - $50,000

Ongoing Royalty Fee

5.5%

Ad Royalty Fee

1.5%

Financing Options

Miracle Method Surface Refinishing offers in-house financing to cover the following: franchise fee

Miracle Method Surface Refinishing has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


10% off franchise fee

Franchise 500® Rank History

Highest Rank: 188

Lowest Rank: 366

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training at headquarters: 2 weeks

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 1 - 6

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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 29th, 2015

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