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Updated RecentlyMiracle-Ear vs Structural Elements Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Miracle-Ear vs Structural Elements including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $119,000 - $352,500 | $190,250 - $638,900 |
| Franchise Fee | $30,000 | $45,000 |
| Royalty Fee | $48.80/aid | 8% |
| Advertising Fee | $75/aid | 1% |
| Year Founded | 1948 | - |
| Year Franchised | 1983 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $2K-10K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 |
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| US Expansion | Yes | 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.
Veteran Incentives
10% off franchise fee!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Structural Elements
As a Franchisee of Structural Elements you will have the opportunity
to build your own business with the added support of our brand,
approach, business model and business coaching. We believe in this model
and have a desire to bring wellness to more people in more communities
across the country.
As we partner to achieve your goals as business owner and our goals
to build and spread our brand, our relationship is a crucial key to
everyone’s success. As we build our franchise partner community, we will
strive to keep it collaborative, while keeping the integrity of the
brand and approach in the forefront.
Structural Elements has the right fit for your orthopedic wellness
clinic. With a scalable practice size and the option to create a
stand-alone clinic or build within another business, you have
flexibility to create the clinic you have always envisioned.
As a franchisee with Structural Elements®, you will receive:orthopedic wellness
clinic
As a franchisee of Structural Elements you will receive:
Comprehensive Training
Every franchisee attends Structural Elements® start-up training in
Hagerstown, MD. With over a decade of experience, our expert instructors
will cover every aspect of owning, managing, and building a Structural
Elements® business. Executed over two weeks at our headquarters, you
will spend time in the classroom and in a Structural Elements® clinic,
with real-world, on the job training.
Site selection and Build-Out
Selecting the right site and managing the build-out is critical to
the success of your business. We will help you navigate each step of
finding and building out your clinic in your exclusive territory.
Distinctive Design
Classic and modern, our interiors combine the best of traditional
practices with a new, vibrant environment that is designed to give all
locations a “spa-like” feel.
Ongoing Expert Access
Our franchisees have direct access to experts who can help you manage and operate your Structural Elements® franchise
Group Buying Power
As a Structural Elements® franchisee, you’ll enjoy the savings
provided by our group buying power. We continually research products and
services to identify vendors that would benefit our system and our
patients.
You will also receive:
- Pre-Opening Guide, Operations Manual, and Branding Guide
- Ongoing support and training in all areas of the business
- Customized Software package to run your clinic
- Use of professionally designed SE marketing materials
- Professionally designed web page with the ability to edit for your local needs.
- Social media best practices and designed campaigns
- Structural Elements® GSuite access with branded email address
- Sample press releases, templates for letters, and more!
The Regional Developer develops, owns and operates multiple clinics within their respective territory. Each of these clinics is under agreement with a Clinic Franchisee, who owns and operates a physical clinic. Our Regional Develper agreement works well with developers who are seeking ownership of multiple clinics on a higher level.
- Regional Developer Fee: $22,500 multiplied by the number of Regional Developer Clinics to be developed under the development schedule
- Total Investment Estimate: $76,400 to $172,700*
- Initial Franchise Fee: $45,000
- Manager Training Fee: $2,700 per participant
- Total Investment Estimate: $266,700 to $458,200*
- Initial Franchise Fee: $2,500
- Initial Training Fee: $5,000
- Total Investment Estimate: $17,000 - $26,700*
- Initial Franchise Fee: $12,500
- Total Investment Estimate: $16,850 to $27,950*