Miracle-Ear FDD – Franchise Information, Costs and Fees
Type of Business
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 Information
Miracle Ear, Inc. was incorporated under the laws of the State of Minnesota on August 24,1972. Their principal business address is Fifth Street Towers, 150 South 5th Street, Suite 2300, Minneapolis, MN 55402. 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. Miracle-Ear or its predecessor has offered MIRACLE-EAR franchises since January 1984.
Investment
The total investment necessary to begin operation of a Miracle-Ear® franchise is from $119,500 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.
