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Miracle-Ear
5000 Cheshire Ln. N.
Plymouth, MN 55446
800#: (800) 234-7714 + 4048
Tel: (763) 268-4048
Fax: (763) 268-4254
E-Mail: [email protected]
Web Site: www.miracle-ear.com
Contact: Mr. Patrick McGrath, Franchise Director
Manufacturer and world's largest retailer of hearing systems, with 1,287 offices nationally. MIRACLE-EAR also has master franchisors in 20 foreign countries.
Franchisor Background
Established: 1948
First Franchise: 1983
Franchise Units: 930
Company-Owned Units: 185
Total Units: 1,115
Distribution:
U.S. -- 1095;
Canada -- 0;
International -- 20
-North America -- Operations in 50 States
-States/Provinces with Greatest Density: 96 in CA, 39 in TX, 74 in FL
Projected New Units Over Next 12 months: 125
Franchisee Qualifications: 4, 4, 2, 3, 4, 4
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 2 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 750 SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $50-150K
Total Investment: $100-200K
Average Total Investment: $150.0K
Minimum Net Worth: $100K
Fees:
-Franchise: $28-60K
-Average Franchise Fee: $44.0K
-Royalty: $46.50/Unit
-Advertising: $26/Inquiry
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Not Allowed
Area Development Agreements: Yes/1-1.5
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: No
Financial Assistance: NA
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 3
On-Going Support: A,C,D,E,G,h,I (Click here for an explanation)
Training: 2 Weeks Corporate Headquarters; 10 Weeks On-Site.
Franchisor's Specific Expansion Plans
U.S.: West, Midwest
Canada: No
Overseas: All Countries
Note: NR = No Response by Franchisor.
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