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MIRACLE is a production collision repair and refinishing company that specializes in complete paint jobs. MIRACLE caters to individual vehicle owners, insurance carriers, other body shop facilities and new and used automobile dealers.
Franchisor Background
Year Established: 1953
Franchising Since: 1964
Operating Units:
Franchised Units:
20
87%
Company-Owned Units:
3
13%
Total Operating Units:
23
100.0%
Geographic Distribution:
U.S.:
23
100%
In 5 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
Total:
23
100.0%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. California
16
2. Oklahoma
4
3. Texas
1
Registered in Following Registration States: California, Oregon, Washington
Financial Requirements
Investment:
Minimum Net Worth:
$500K
Cash Investment:
$100-125K
Total Investment:
$215-275K
Average Total Investment:
$245K
Fees:
Initial Franchise Fee:
$35K
Average Franchise Fee:
$35K
On-Going Royalty:
5%
Average Royalty:
5%
Advertising Fee:
5%
Average Number of Employees: 8 Full-time, 2 Part-time
