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Miracle Auto Painting & Body Repair

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%

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%

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

Space Needs (in square footage):

7,500-10,000

Preferred Sites:

Free-standing Building, Storefront

Other Sites:

Encourage Conversions?

Yes

Earnings Claims Provided?

Listed in the SBA Registry?

Support and Training

International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	12
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Indirect

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
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:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Not Applicable

Training:
1. Headquarters	10 Days
2. On-Site	10 Days

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

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

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	1
Hispanic:	N/A
Native American:	N/A
Other:	5
Specific Minority:	Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 5 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, West,Southwest
Canada:	No
Overseas:	Yes, Italy, Romania

Franchisor Background

Year Established:

Franchising Since:

Operating Units:

Geographic Distribution:

North America: