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Miracle-Ear
Established in 1948, Miracle-Ear, Inc. is a network of over 1,200 retail outlets that distribute hearing aids manufactured by M-E Manufacturing and Services Inc. ("MEMSI"), a subsidiaryof Siemens Medical Solutions. Miracle-Ear is a subsidiary of Amplifon S.p. A, a worldwide distributor of hearing aids based in Italy.
Franchisor Background
Year Established:
1948
Franchising Since:
1984
IFA Member
Operating Units:
Franchised Units:
1,300
97.9%
Company-Owned Units:
28
2.1%
______
_____
Total Operating Units:
1,328
100%
Geographic Distribution:
U.S.:
1,339
100%
In 50 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
1,339
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. California
83
2. Florida
51
3. Texas
35
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:
$75-100K
Total Investment:
$122.5-570K
Average Total Investment:
$346K
Fees:
Initial Franchise Fee:
$20K
Average Franchise Fee:
$20K
On-Going Royalty:
$48.80/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
Other Sites:
Encourage Conversions?
Yes
Earnings Claims Provided?
No
Listed in the SBA Registry?
Yes
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
No
Franchisee Association/Member:
No
Size of Corporate Staff:
16
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
Yes, Direct
Marketing Support:
Co-Op Advertising:
No
National Advertising:
Yes
Regional Advertising:
Yes
Local Advertising:
Yes
Marketing Materials:
Brochures, Site Signs
Additional Services:
None Specified
Other Marketing Support:
Preferred marketing vendor relationships, field support team.
