Interim Healthcare vs Miracle-Ear Franchise Comparison

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

Start-Up Costs and Fees
 
Interim Healthcare Franchise
Miracle-Ear Franchise
Investment $125,500 - $198,500$119,000 - $352,500
Franchise Fee $50,000$30,000
Royalty Fee 3.5% - 5.5%$48.80/aid
Advertising Fee 0.5%$75/aid
Year Founded 19661948
Year Franchised 19661983
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee -$2K-10K


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

  • General business experience
  • Marketing skills
    		•

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

    Training & Support
     
    Interim Healthcare Franchise
    Miracle-Ear Franchise
    Training On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Regional training Ongoing training as needed
    Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketingCo-op advertising, Ad slicks, National media, Regional advertising
    Operations 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2 - 3

    Absentee ownership of franchise is NOT allowed.

    		 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
     
    Interim Healthcare Franchise
    Miracle-Ear Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Interim Healthcare

    Founded in 1966, Interim HealthCare is the nation's first and finest healthcare franchise organization. Through a comprehensive network of more than 300 independently owned franchise offices, Interim HealthCare franchisees are the largest combined provider of community-based home care, health care staffing and hospice services. Interim HealthCare is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards that improve the delivery of service through franchisees that employ thousands of health care workers who serve 50,000 people each day.

    Veteran Incentives  10% off franchise fee
    ""
    #141 in Franchise 500 for 2020.

    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.