MIRACLE-EAR
Miracle-Ear franchises enable owners to operate retail hearing aid centers that sell a complete line of quality hearing aids manufactured for Miracle-Ear, Inc., along with related products and services, using the Miracle-Ear brand, trademarks, and standardized operating system including marketing, training, and business strategies. Franchisees must develop multiple centers within an exclusive territory, meet performance requirements, and target hearing-impaired consumers, particularly the aging U.S. population exceeding 38 million individuals with only about 20% currently using hearing aids. The business model emphasizes exclusive territories based on population, compliance with FDA and state regulations, and leveraging growing market demand driven by demographics and recent OTC hearing aid regulations.
Franchise Costs
No percentage-based royalty ($48.80 per Miracle-Ear hearing aid, $30.15 per AudioTone Pro) or brand fund ($25-$75 per hearing aid NMF); key fixed monthly fees are $101/mo Sycle.net software + CRM fee up to $570/mo.
Financial Performance
Item 19 Financial Performance
Data Based On: 1,010 full-time and part-time franchised locations that were open and operating for a full 12 months during the 2024 calendar year.
* Average Gross Revenue and Median Gross Revenue were extracted directly from the 'FY' and 'All Stores' columns in the 'Part 1: Net Sales by Month and in Total in 2024 Calendar Year' and 'Part 2: Net Sales by Urbanicity Group and Operating Type during 2024 Calendar Year' tables. 'Net Sales' is defined as total revenues and receipts each franchised Miracle-Ear Center received, less returns, allowances, discounts, cancellations, and sales tax. No explicit information for net income, net profit, EBITDA, or sufficient expense data was provided to estimate a profit range or quartiles.
Extracted Item 19 Section
How MIRACLE-EAR Compares
Key Insights
- Lower than average SBA loan default rate in Healthcare Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
MIRACLE-EAR Current | $120K – $403K | $30K | N/A | 0 |
| Gameday Men's Health | $225K – $410K | $50K | 6.0% | 257 |
| ELLIE MENTAL HEALTH | $392K – $680K | $60K | 7.5% | 255 |
| Interim Healthcare | $156K – $239K | $75K | 5.5% | 226 |
| ASSISTING HANDS (UNIT) | $97K – $180K | $55K | 5.0% | 202 |
| Vital Care | $556K – $1.0M | $60K | 19.3% | 108 |
Healthcare Services Average 24 franchises | $215K – $473K | $58K | 6.8% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 24 Healthcare Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+34 more states
SBA Loan History
Historical SBA 7(a) loan data for MIRACLE-EAR franchisees (2011 – 2023)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
1,358 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
1,358 Contacts Available
Unlock all MIRACLE-EAR franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a MIRACLE-EAR franchise ranges from $120,000 to $402,500. This includes a franchise fee of $30,000.
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