Miracle-Ear
Yes, we actively support the inclusion and development of minority-owned franchises in the Miracle-Ear system.
Miracle-Ear
5000 Cheshire Ln. N.
Plymouth, MN 55446
800#: (800) 234-7714 + 4048
Tel: (763) 268-4048
Fax: (763) 268-4254
E-mail: patrick.mcgrath@miracle-ear.com
Web Site: www.miracle-ear.com
Contact: Mr. Patrick McGrath, Franchise Director
Manufacturer and world's largest retailer of hearing systems, with 1,287 offices nationally. MIRACLE-EAR also has master franchisors in 20 foreign countries.
Franchisor Background
Established: 1948
First Franchise: 1983
Franchise Units: 930
Company-Owned Units: 185
Total Units: 1115
Distribution:
> North America -- Operations in 50 States
> States/Provinces with Greatest Density: 96 in CA, 39 in TX, 74 in FL
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 2 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 750 SF; FS, SF, SC, RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $50-150K
Total Investment: $100-200K
Average Total Investment: $150K
Minimum Net Worth: $100K
Fees
>Franchise: $28-60K
>Average Franchise Fee: $44K
>Royalty: $46.50/Unit
>Advertising: $26/Inquiry
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Not Allowed
Area Development Agreements:Yes/1-1.5
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:NA
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 3
On-Going Support: A,C,D,E,G,h,I (for an explanation click here)
Training: 2 Weeks Corporate Headquarters; 10 Weeks On-Site.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: West, Midwest
Note: NR = No Response by Franchisor.
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