Miracle 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

 
Miracle Method Surface Restoration Franchise
N-Hance Franchise
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 19772001
Year Franchised 19792003
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee 5%-


Business Experience Requirements

 
Miracle Method Surface Restoration Franchise
N-Hance Franchise
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

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Financing Options

 
Miracle Method Surface Restoration Franchise
N-Hance Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/NoYes/Yes
Start-up Costs No/YesNo/Yes
Equipment No/YesYes/Yes
Inventory No/YesYes/Yes
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support

 
Miracle Method Surface Restoration Franchise
N-Hance Franchise
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

 
Miracle Method Surface Restoration Franchise
N-Hance Franchise
US Expansion YesYes
Canada Expansion YesNo
International Expansion NoYes

Company Overviews

About Miracle Method Surface Restoration

#1 in the Booming Surface Refinishing Industry - the largest footprint in North America!
When buying any franchise, it's smart to join the leader in their respective industry. It's also smart to join an industry with surging customer demand. Miracle Method is in a unique position to offer both of these scenarios to you. No other surface refinisher can match our size, expertise or capabilities. Miracle Method's unique and affordable refinishing process makes ugly bathtubs, countertops, and tile beautiful again - without replacing. The residential AND commercial demand for our time-saving alternative to replacing old bathroom and kitchen fixtures is skyrocketing.
Proven Demand & Revenue Diversity
We continue to set sales records, including a 70% increase in sales in the last 8 years. Since 1979, over 1,000,000 homeowners and businesses have chosen
Miracle Method for our money-saving alternative to the mess of replacing old bathtubs, countertops, and showers. And the mainstream awareness of our unique product has only just begun!
We have a strong and diverse revenue model: 1) Residential Surface Refinishing: Repairing & refinishing bathtubs, showers, and countertops in homes.
2) Commercial Surface Refinishing: Nearly 40% of our revenue comes from hospitals, universities, hotels, assisted living facilities, and other commercial accounts.
3) Bathing Safety: A complete Bathing Safety offering to the elderly and caregivers alike.
Proven Scalability and Potential
There is no limit to the size or level of success a franchisee can grow their business. Within our franchise network, we have several locations exceeding $1 million in annual sales, and some surpassing $2 million - and they all started with our comparatively small investment of $85-$125K.
If you have the drive and discipline to grow a business, then we want to talk to you. Take the next step - right now! 
Veteran Incentives  10% off franchise fee
""     "Top     "Entrepreneur
#37 in Gator's Top franchises.
In Franchise Business Reviews Top 200.
#163 in Franchise 500 for 2020.
#209 in Franchise 500 for 2021.



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!


Veteran Incentives  10% off initial down payment on franchise fee

"Top
#67 in Gator's Top franchises.
#263 in Franchise 500 for 2020.