Miracle-Ear
Health & Fitness Health & FitnessCompany Information
Address
150 South 5th Street, Suite 2300 Minneapolis, MN 55402
Website
Tel
Email
Franchimp Summary Rating
Lower than 39% of peers
Franchise Summary
Description
Miracle-Ear franchisees own and operate a hearing aid business using the Miracle-Ear name and associated trademarks. The Franchisee will sell a complete line of quality hearing aids manufactured for Miracle-Ear, Inc. together with certain related products and services from its authorized hearing aid centers.
Corporate Structure
Miracle-Ear Inc. principal business address is 5000 Cheshire Parkway North, Plymouth, Minnesota 55446. Miracle Ear was incorporated under the laws of the State of Minnesota on August 24,1972. Prior to the merger, Miracle-Ear was wholly owned by Dahlberg, lnc. Their parent company is Amplifon USA ,lnc. Amplifon USA is a subsidiary of Amplifon S.p.A. Amplifon Italy’s principal business address is Via Ripamonti, 188, Milan, Italy.
Royalties and Marketing Fees
Royalties : $48.80 for each Miracle-Ear? hearing aid. $30.15 for each AudioTone Pro
Royalties : Varies based on size of customer database. Not to exceed $570 per Center per month.
Royalties : At least 10% of your ?Net Sales?. Includes contributions to NMF and Regional Cooperative Advertising
Franchise Types Available
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Employee Contact Database
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Distribution of Miracle-Ear Franchisees
Miracle-Ear Franchise System Development in 2022
FAQ
How much investment do I need to start my own Miracle-Ear business?
Franchisees typically require at least $119 to $352 investment to get their Miracle-Ear business started
What are the initial franchise fees for Miracle-Ear?
Franchisees typically need to pay at least $35 in fees directly to Miracle-Ear in order to earn the right to launch their business
How much money can I make with a Miracle-Ear franchise? What are
the average revenues for a typical Miracle-Ear business?
We haven’t done the math on how much revenue a typical
Miracle-Ear brings in each year. We estimate that other
franchisees in the Health & Fitness industry generate
$579,475 revenue, so we would expect
Miracle-Ear to generate a similar amount
How long do I need to commit to running a Miracle-Ear unit? What
is my contractual commitment?
Miracle-Ear franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$119,500 to $352,500
which is
Much Lower
than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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