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Miracle Method Bath & Kitchen Restoration
 

Make money in the growing remodeling industry by running your own bath and kitchen refinishing business. Save customers money by refinishing instead of replacing. Bathtubs, tile, showers, counter tops and more. Excellent income potential!

Franchisor Background

Year Established:

  1979

Franchising Since:

  1980

Operating Units:

Franchised Units:120 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:120 100%  
 

Geographic Distribution:

U.S.:110 91.7% In 30 States
Canada:0 0% In 0 Canadian Provinces
International:10 8.3% In 0 Foreign Countries
 ______ _____  
Total:120 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California20
2. Colorado9
3. Texas15

Registered in Following Registration States:

   California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Virginia, Washington

Financial Requirements

Investment:

Minimum Net Worth:$50K
Cash Investment:$36K
Total Investment:$50K
Average Total Investment:$50K
 

Fees:

Initial Franchise Fee:$28K
Average Franchise Fee:$28K
On-Going Royalty:5%
Average Royalty:5%
Advertising Fee:1%

Average Number of Employees:

   5 Full-time, 1 Part-time

Space Needs (in square footage):

  

Preferred Sites:

   Home-based

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:3
Site Selection Assistance?No
Lease Negotiation Assistance?No
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:Yes
Regional Advertising:No
Local Advertising:No
Marketing Materials:Ad Slicks, Brochures, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Videos
Additional Services:In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Company Location2 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:5
Specific Industry Experience:4
Formal Education:3
Psychological Profile:3
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period: Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   25
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, Western Europe
 
 
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