KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
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Founded by Kenneth Dahlberg in 1948, Miracle-Ear is a renowned hearing aid and hearing care company based in Minneapolis, Minnesota. As a subsidiary of Amplifon, the world leader in hearing care and hearing aid retail headquartered in Milan, Italy, Miracle-Ear has seen substantial growth across the United States over the years.
Since beginning its franchising journey in 1983, Miracle-Ear has become the most recognized hearing aid brand in the U.S., offering innovative hearing solutions and services to enhance the lives of individuals with hearing impairments.
Miracle-Ear's prominence in the hearing care industry stems not only from its widespread consumer trust and recognition but also from its strong commitment to supporting and developing its franchisees. The franchise offers an exclusive territory system, granting each franchisee a clearly defined geographic area free from internal competition. This system allows for effective market penetration and fosters a collaborative environment within the Miracle-Ear network.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Miracle-Ear
1192
$30,000
$120,000
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$403,000
n.a.
$393,000
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n.a.
Retail
The franchisor provides comprehensive training for new franchisees, covering various aspects essential for running a Miracle-Ear® Center. The training includes:
This program is mandatory for new franchisees and takes place at a mutually agreeable time and location, which may include the franchisor's home office or other designated places. The program covers the basics of franchise operation, including marketing, human resource management, business analysis, financial management, store planning, sales strategies, and information technology.
Franchisees are required to attend additional courses, seminars, and training programs as deemed necessary by the franchisor. These may include license preparation courses, advanced fitting sessions, and other educational forums. The franchisor reserves the right to require franchisees and certain management-level employees to attend an annual national or regional meeting, seminar, or convention for training or business purposes.
The New Franchisee Business Workshop is usually tailored to each franchisee's level of experience, business acumen, and other factors at the field manager's discretion. This ensures that the training is relevant and effective for each franchisee.
Miracle-Ear provides territorial protection to its franchisees as detailed in their Franchise Disclosure Document (FDD).
The franchisor commits not to establish or allow any other entity to operate a Miracle-Ear Center using the proprietary marks within the franchisee's designated territory, as long as the franchisee complies with their Relocation Schedule and Development Schedule.
This territorial protection ensures that franchisees can operate without internal competition, contingent upon their adherence to the terms of the agreement and fulfillment of development and relocation obligations.
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1260
1192
262
304
396
1537
1564
1588
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