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Below is an in-depth analysis and side-by-side comparison of Miracle-Ear vs Lice Clinics of America including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $119,000 - $352,500 | $68,000 - $104,500 |
Franchise Fee | $30,000 | $42,000 |
Royalty Fee | $48.80/aid | $35/Treatment |
Advertising Fee | $75/aid | - |
Year Founded | 1948 | 2006 |
Year Franchised | 1983 | 2013 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $2K-10K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | Ongoing training as needed | On-The-Job Training: 10 hours Classroom Training: 15 hours Additional Training: Online self-study/certification |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development |
Operations |
80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. | Number of Employees Required to Run: 2 - 5 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
Kenneth Dahlberg started Dahlberg Electronics in 1948 and began
manufacturing the first Miracle-Ear hearing aids. Today, Miracle-Ear is a
subsidiary of Italian hearing aid distributor Amplifon, with U.S.
headquarters in Plymouth, Minnesota.
Miracle-Ear's retail locations offer free hearing tests and
consultations and offer service, warranty and after-care packages with
their hearing aids.
When a child comes home with head lice, it’s an urgent issue. Parents are desperate for a fast and effective solution. Until now, those parents have had to rely on ineffective pesticide-based products or home remedies, and hours upon hours of tedious combing. If they miss one nit, the whole process starts all over.
As the owner of a Lice Clinics of America (LCA) clinic, you’ll be there to provide instant relief in a single, 90-minute treatment, using the only FDA-cleared medical device clinically proven to kill live lice and their eggs through dehydration. In doing so, you will give parents peace of mind so they can go back to what’s most important in their life.