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Miracle-Ear
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
Year Established:
1948
Franchising Since:
1984
Operating Units:
Franchised Units:
1,300
97.9%
Company-Owned Units:
28
2.1%
______
_____
Total Operating Units:
1,328
100%
Geographic Distribution:
U.S.:
1,328
98.5%
In 50 States
Canada:
0
0%
In 0 Canadian Provinces
International:
20
1.5%
In 0 Foreign Countries
______
_____
Total:
1,348
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. California
96
2. Florida
74
3. Texas
39
Registered in Following Registration States:
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment:
Minimum Net Worth:
$100K
Cash Investment:
$75-50K
Total Investment:
$122.5-570K
Average Total Investment:
$346K
Fees:
Initial Franchise Fee:
$28-60K
Average Franchise Fee:
$44K
On-Going Royalty:
$46.50/Unit
Average Royalty:
-1%
Advertising Fee:
$26/Inquiry
Average Number of Employees:
2 Full-time, 1 Part-time
Space Needs (in square footage):
750
Preferred Sites:
Free-standing Building, Storefront, Strip Center, Regional Mall
