Miracle-Ear Inc.

Miracle-Ear Inc.

Hearing aids
Total Units
1,511 86 added in 3 years
6%
2021 Franchise 500 Rank
#84 Ranked #98 last year
14
Initial investment
$119K - $353K

Company Overview

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.

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About Miracle-Ear Inc.

Industry
Health
Founded
1948
Parent Company
Amplifon USA Inc.
Leadership
Marc Lundeberg, Executive VP Americas
Ticker Symbol
AMFPF

Franchising Overview

Franchising Since
1983 (38 years)
# of employees at HQ
200
Where seeking
Franchisor is seeking new franchise units throughout the U.S.
# of Units
1,511

Franchisor Information

Corporate Address
150 S. 5th St., #2300
Minneapolis, MN 55402

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Miracle-Ear Inc. 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
$30,000 - $30,000
Initial Investment
$119,000 - $352,500
Net Worth Requirement
$75,000
Cash Requirement
$25,000
Royalty Fee
$48.80/aid
Ad Royalty Fee
$75/aid
Term of Agreement
5 years
Is franchise term renewable?
Yes

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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-Ear Inc. offers in-house financing to cover the following: equipment, accounts receivable
Third Party Financing
Miracle-Ear Inc. has relationships with third-party sources which offer financing to cover the following: startup costs

Training & Support Offered

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

Classroom Training
34 hours
Additional Training
Ongoing training as needed
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Miracle-Ear Inc. landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Miracle-Ear Inc. ranked on other franchise lists? Find out below.

Ranked #84

In Franchise 500 Ranking

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Updated: October 23rd, 2020
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