Business Description

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

Space Needs (in square footage): 7,500-10,000

Preferred Sites: Free-standing Building, Storefront

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

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
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
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
Expansion Plans
Projected New Units Over Next 12 months: 3 U.S.: Yes, West,Southwest Canada: No Overseas: Yes, Italy, Romania	Request Franchisor Info   Submit an online form to receive information from Miracle Auto Painting & Body Repair.