Miracle-Ear Inc.
#63 Franchise 500| Hearing aids
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.

Miracle-Ear Inc.
Hearing aids

About
Founded

1948

Franchising Since

1983 (36 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: equipment, accounts receivable

Miracle-Ear Inc. has relationships with third-party sources which offer 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:

2

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 - $287,500
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

Franchise Articles

Jazzercise Still Thrives After 50 Years... and Its Startup Fee Is Only $1,250

The workout franchise is still growing, still evolving and still dancing.

How a Colorado Home-Improvement Franchise Found Its Market

An interview with LIME Painting's founder and CEO.

Chick-fil-A Is the Most Beloved Fast-Food Chain in America, According to a Brand Intimacy Survey

Per the survey, 26.7% of people who visit Chick-fil-A said they were willing to pay up to 20% more at the chain.

Domino's Will Use E-Bikes to Deliver Pizzas Across the U.S.

It's an eco-friendly (and sometimes faster) alternative to delivery cars.

Why the 'A' in Chick-fil-A Is Capitalized

There's a hidden message in Chick-fil-A's logo.

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 19th, 2018