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Updated RecentlyMiracle Method Surface Restoration vs HOCOA Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Miracle Method Surface Restoration vs HOCOA including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $84,500 - $180,000 | $101,000 - And Up |
| Franchise Fee | $45,000 - $58,000 | $25,900 |
| Royalty Fee | 5.5% | - |
| Advertising Fee | 1.5% | - |
| Year Founded | 1977 | 1994 |
| Year Franchised | 1979 | 1999 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | 5% | - |
Business Experience Requirements |
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| 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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 | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support 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 | - |
| 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 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | - |
Company Overviews
About Miracle Method Surface Restoration
Veteran Incentives 10% off franchise fee
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About HOCOA
The Hocoa Franchise Opportunity is perfect for an entrepreneur that wants financial independence without a storefront or inventory. We are a home repair network for homeowners and contractors. You will get complete training, operations manual, marketing plan, artwork and custom management software. HOCOA has been in operation since 1994. Our franchises span from the west to the east coast. Franchise cost includes: *Computer Software Package, custom designed for the operation of HOCOA: *Specified Territory *Marketing Plan *Computer Training Manual *Operations Manual *Artwork and use of Recognized Logo *Support Services *Training Seminar