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Updated RecentlyMiracle-Ear Franchise
Hearing aids
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.
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.
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
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How much does it cost to open a Miracle-Ear Franchise?
The investment required to open a Miracle-Ear Franchise is between $119,000-$352,500. There is an initial franchise fee of $30,000 which grants you the license to run a business under the Miracle-Ear name.
Individual Unit Costs
- Initial Investment:
$119,000-$352,500 - Initial Franchise Fee:
$30,000 - Royalty Fee:
$48.80/aid - Advertising Fee:
$75/aid - Term of Agreement:
5 years - Renewal Fee:
$2K-10K
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Miracle - Ear Ranks #36 On Franchise 500 List
Franchise Ranking History
Franchise 500: #36 (2014), #21 (2013), #19 (2012), #44 (2011), #14 (2010),
Fastest-Growing: #77 (2013), #77 (2011)....
Miracle-ear Named A World-class Franchise By The Franchise Research Institute
Miracle-Ear, the nation's leading hearing solutions provider, has received World-Class Franchise certification from the Franchise Research Institute and FranSurvey.
The independent survey (in which over 78 percent of Miracle-Ear franchisees participated) was conducted by the Franchise Research Inst...
Overland Park Firm Buys Miracle-ear Franchise
American Hearing Technologies has bought a Miracle-Ear franchise with two Kansas City-area locations and one in Sedalia.
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Miracle-Ear News & Press Releases
When did Miracle-Ear start Franchising? 1983
United States: Nationwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
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
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.
Business Experience:
Your income potential as a Miracle-Ear Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for Miracle-Ear and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Miracle-Ear franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Miracle-Ear
Miracle-Ear Inc.
Fifth Street Towers
150 South 5th Street, Suite 2300
Minneapolis,
MN
55402