Miracle-Ear vs Radiance Medspa Franchise Comparison

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

Start-Up Costs and Fees
 
Miracle-Ear Franchise
Radiance Medspa Franchise
Investment $119,000 - $352,500$269,300 - $533,300
Franchise Fee $30,000$80,000
Royalty Fee $48.80/aid4%
Advertising Fee $75/aid-
Year Founded 19482004
Year Franchised 19832004
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $2K-10K50% of current fee


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

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

    Training & Support
     
    Miracle-Ear Franchise
    Radiance Medspa 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
    Radiance Medspa Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    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 Radiance Medspa

    NO LONGER FRANCHISING

    Radiance Medspa offers a remarkable "All in One" practice for the greater part of your individual needs, to help you feel and look your absolute best with far reaching administrations to upgrade the entire you. We offer redid weight administration projects, and cutting edge, best tasteful medications. We work to present you taking care of business.

    Entertain yourself at our dynamic skin and weight administration Medspa to restore your magnificence. Radiance Medspa offers outstanding therapeutic aptitude in an upscale, calming spa-like environment. Our best in class non-surgical appearance upgrade advancements mean our methodology are performed securely, serenely, and adequately.

    We at Radiance Medspa trust that wonderful looking skin requires an on-going duty - on our part and also yours. Our lone concentration is on giving you comes about arranged tasteful administrations. Our expert, authorized staff will instruct and acquaint you with best in class improvements and execute clinically-demonstrated non-surgical advancements to meet your objective of sound, dynamic looking skin and body.

    All medicines are performed by our gifted and experienced staff of human services experts and clinicians under the supervision of Dr. John V. Belmonte, Jr.

    We offer advantageous hours to fit your timetable and spa solaces to restore your faculties, unwind your body, and empower you to love the way you look.