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Company Profile
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FranSurvey® Certified
Every franchisee contacted. Survey completed with
78.4% of
Miracle-Ear
franchisees.
Miracle-Ear
A detailed report is available as an immediate download.
Research completed:
October 2011
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The Company
Miracle-Ear is the nation's leading hearing aid provider. Since 1948, people have turned to Miracle-Ear for the best in hearing aids. Miracle-Ear not only helps people hear better, they offer the highest quality service in the hearing-aid industry with a network of over 1,200 retail locations.
Miracle-Ear is owned by Amplifon S.p.A. Amplifon S.p.A. is an Italian multinational company with its head office in Milan. It is the world leader in the distribution of hearing systems (hearing aids) and their fitting and personalization to the needs of clients with hearing impairment.
Miracle-Ear has consistently ranked #1 in the healthcare cateogry among all franchise systems by Entrepreneur Magazine. Overall, Miracle-Ear has consistently ranked in the top 50 best franchises to own.
The Opportunity
Miracle-Ear is focused on serving the 35 million Americans with hearing loss. Studies show, hearing loss is projected to nearly double by 2050. Hearing loss is the 3rd most chronic condition in older adults and approximately 25% of people with hearing loss wear hearing instruments.
Coupled with the statistics above, there is an increased awareness of the impact of untreated hearing loss and the development of hearing instrument technology. The hearing aid industry is positioned to see enormous growth!
Franchising since 1984, Miracle-Ear offers an array of value propositions which provides the support needed to succeed on a local level. The following are some examples of the value Miracle-Ear offers franchisees:
1. Exclusive Territories
2. World-Class Marketing
3. On-Line Leads
4. Insurance Referrals
5. Sales Education and Quality
6. Business Workshops
7. Products
8. Systems
9. Store Location and Support
Most importantly, Miracle-Ear is the #1 recognized brand in hearing aids!
The Requirements
We are looking for people with strong management/marketing/sales backgrounds. We also prefer individuals with medical backgrounds/interests however this is not required. We seek individuals who are going to be actively involved in the daily operations of the franchise.
Additionally, we would like our franchise owners to pursue the necessary licensing required to dispense hearing aids in their state.
Typical start-up costs range from $122,500 to $570,000. Absentee ownership is NOT allowed.
To become a Miracle-Ear franchisee, you should want to make a difference in people’s lives. If that desire exists with you then we will provide the rest. Please contact us to learn more about latest franchising opportunities in your area.
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To obtain your FREE report about Miracle-Ear, Please fill out the form here.
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