| ||||
Updated RecentlyMiracle Method Surface Restoration vs N-Hance Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Miracle Method Surface Restoration vs N-Hance including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $84,500 - $180,000 | $52,369 - $168,747 |
| Franchise Fee | $45,000 - $58,000 | $11,669 - $47,752 |
| Royalty Fee | 5.5% | $353-$705/mo. |
| Advertising Fee | 1.5% | $200/mo. |
| Year Founded | 1977 | 2001 |
| Year Franchised | 1979 | 2003 |
| Term Of Agreement | 5 years | 5 years |
| Term Of Agreement | 5 years | 5 years |
| Renewal Fee | 5% | - |
Business Experience Requirements |
||
| Experience | Highly Motivated and Driven to Succeed. We are selective in who we choose as our franchisees. Our ideal candidates are motivated, able to follow processes & procedures, and can manage a business. Prefer some experience in Management, Sales, Marketing or Customer Service | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | Yes/Yes |
| Start-up Costs | No/Yes | No/Yes |
| Equipment | No/Yes | Yes/Yes |
| Inventory | No/Yes | Yes/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | We offer our franchisees an unmatched level of support and training. There is no other program like it in the surface refinishing industry. From our initial 20+ days of "immersion training" to our ongoing support, we help you profitably grow your business. On-The-Job Training: 80 hours Classroom Training: 40 hours | After purchasing an N-Hance business, new franchisees will attend an intensive 10-day hands-on training course at our corporate headquarters in Logan, Utah. At the Logan training, franchisees can expect to learn everything from tricks of the trade to best practices for marketing, sales, and general operation of their business. On-The-Job Training: 40 hours Classroom Training: 25 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | During your first full year of owning your N-Hance franchise, you’ll be assigned to a personal “N-Gage” business coach to help you navigate the waters of entrepreneurship. Even after the first 12 months of your participation in our franchise program, our corporate team travels all over to different franchise “hubs” to provide continued personalized coaching. Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | You will receive startup marketing collateral, including business cards, letterhead, brochures, door hangers, and sales brochures. A customized marketing plan will be developed for your territory and you will have access to Miracle Method's vast arsenal of radio and television commercials, direct mail programs, truck signage, home show materials, display ads, and more. The marketing team will be available to you for advice and direction to keep your advertising and marketing effective and persuasive. In addition, a customized subweb and unique url address will be created for you so customers can find your phone number, email you, request an estimate and read about your particular services. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Marketing and advertising are the most important elements of operating a successful business. N-Hance has created an online wealth of marketing materials including mobile-optimized websites, press releases, stock photography, commercials and an N-Hance visualizer app to help our franchisees to market their products. We also offer personal and customized marketing consultations with each of our franchisees. These meetings help them learn the best marketing techniques for their area. Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | Franchisees start with a showroom location in their territory and minimum of 2-3 employees. Absentee Ownership Allowed Number of Employees Required to Run: 1 - 6 |
Franchise can be run from home. 35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | No |
| International Expansion | No | Yes |
Company Overviews
About Miracle Method Surface Restoration
Veteran Incentives 10% off franchise fee
![""]("https://www.my30minutehit.com/imgs/fbr_top_50_2018_half.png")
!["Top]("https://d1v10wa6gxsq73.cloudfront.net/images/production/top100_icon3.png")
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About N-Hance
Possess Your Own Business Restoring the Beauty Of Wood Floors and Cabinets In Your Own Protected Market.
Have you ever wanted to work for yourself? At this moment there is a chance to do only that. You can possess your own establishment in an ensured showcase, while offering a progressive new administration that is in HIGH DEMAND!
N-Hance Wood Renewal franchisees can offer an administration to shoppers that is dissimilar to whatever else is in the market. Our one of a kind procedure accomplishes unbelievable outcomes at a small amount of the cost of run of the mill wood floor and wood cupboard revamping, sparing your clients a large number of dollars! Your clients will love the way their wood floors and cupboards look.
Telecommute through an administration based establishment opportunity. With a locally established business, you have the flexibility to construct your own particular business while being upheld by a demonstrated brand and a national achievement record. N-Hance has set up an effective framework for anybody to run an establishment from home, since this profoundly looked for after private venture establishment opportunity gives people the instruments they have to really succeed!