Miracle Method Surface Refinishing

Miracle Method Surface Refinishing

Kitchen and bathroom surface refinishing
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2021 Franchise 500 Rank
#209 Ranked #163 last year
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Initial investment
$85K - $180K
Units as of 2020
160 10.3% over 3 years

Company Overview

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.

About Miracle Method Surface Refinishing

Industry
Home Improvement
Founded
1977
Parent Company
Miracle Method of the United States
Leadership
Chuck Pistor, President

Franchising Overview

Franchising Since
1980 (41 years)
# of employees at HQ
22
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
160 (as of 2020)

Franchisor Information

Corporate Address
4310 Arrowswest Dr.
Colorado Springs, CO 80907

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Miracle Method Surface Refinishing franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$45,000 - $58,000
Initial Investment
$84,500 - $180,000
Net Worth Requirement
$150,000
Cash Requirement
$85,000 - $90,000
Veteran Incentives
10% off franchise fee
Royalty Fee
5.5%
Ad Royalty Fee
1.5%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Miracle Method Surface Refinishing offers in-house financing to cover the following: franchise fee
Third Party Financing
Miracle Method Surface Refinishing has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
80 hours
Classroom Training
40 hours
Additional Training
Additional training
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
3
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Miracle Method Surface Refinishing landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Miracle Method Surface Refinishing ranked on other franchise lists? Find out below.

Ranked #209

Franchise 500 Ranking

Ranked #25

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021