Miracle-Ear vs RX2LIVE Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Miracle-Ear vs RX2LIVE including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Miracle-Ear Franchise
RX2LIVE Franchise
Investment $119,000 - $352,500$125,000 - $350,000
Franchise Fee $30,000$39,900
Royalty Fee $48.80/aid5%
Advertising Fee $75/aid1.5%
Year Founded 19482015
Year Franchised 19832016
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $2K-10K-


Business Experience Requirements
 
Miracle-Ear Franchise
RX2LIVE Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Miracle-Ear Franchise
    RX2LIVE Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Miracle-Ear Franchise
    RX2LIVE Franchise
    Training Ongoing training as needed-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    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.

    		-

    Expansion Plans
     
    Miracle-Ear Franchise
    RX2LIVE Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Miracle-Ear

    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.

    Ken Dahlberg, a World War II aviator turned electronic inventor, created the pillow radio for hospital patients' private listening. Ken's employer rejected the idea, and this inspired the founding of Dahlberg, Inc., which became the foundation of Miracle-Ear. A few short years later, we were the first to offer an in-the-ear hearing aid. Since then, Miracle-Ear has continued to introduce innovative technology to remove the barriers of hearing loss. We've taken the size of hearing aids down to models that fit entirely in the ear canal. We've made technological improvements that allow us to customize a hearing solution to your individual hearing loss profile. And we've developed customer service practices to help ensure that you are completely satisfied with the products and support you receive from your Miracle-Ear representatives nationwide.

    The total investment necessary to begin operation of a Miracle-Ear® franchise is from $119,000 to $352,500. This includes from $35,000 to $45,000 that must be paid to the franchisor or an affiliate for an exclusive territory of up to 250,000 persons. This amount may be higher if the size (population) of your exclusive territory is larger.
    Veteran Incentives 
    10% off franchise fee

    "Entrepreneur

    #98 in Franchise 500 for 2020.
    #84 in Franchise 500 for 2021.




    About RX2LIVE

    RX2Live is the first company to franchise medical services, workplace wellness, and senior wellness systems on the same platform. We represent a $500 billion per year industry, which is significantly more than all fast-food restaurants combined. And health and wellness services are in high demand - 88 percent of the population wants some or all of the services offered. While the benefits of franchise ownership are many, owning an RX2Live franchise provides even more rewards. With an RX2Live franchise, you can
    1. Change people’s lives by providing health and wellness products and services.
    2. Change your own life by making your own decisions for your own best welfare.
    3. Work your own hours.
    4. Build your own dreams rather than someone else’s.
    5. Develop leadership skills.
    6. Generate a residual income.
    7. Scale as large or as small as you want.
    8. Start the business on a part-time basis.
    9. Work from home without the need for full time staff.
    10. Receive income from one or more revenue streams.
    11. Create valuable business connections.
    12. Leverage a proven system and a seasoned management team.
    13. Reduce your risk by receiving business from national or regional accounts.
    14. Double or triple the net income of your existing business without adding new employees, clients or patients.
    15. Pass it on to your heirs or sell it.
    16. Avoid start-up fees for most services.
    17. Rely on low investment, low risk and low overhead.
    18. Receive bonuses as you progress.
    We have created a program that is generating an additional $20k- $70k a month in revenues for medical practices, chiropractors , & mental health professionals.No NEW patients , staff, or time required.