Miracle-Ear Franchise FDD, Profits & Costs (2025)
Established in 1948 by Kenneth Dahlberg, Miracle-Ear, Inc. has risen to prominence in the hearing aid and hearing care sector, with its headquarters located in Minneapolis, Minnesota.
As a part of Amplifon, a leading name in the global hearing care and retail market-based in Milan, Italy, Miracle-Ear has expanded its presence extensively throughout the United States.
The brand embarked on its franchising journey in 1983, quickly earning the reputation as the most recognized hearing aid brand within the U.S. It has dedicated itself to delivering cutting-edge hearing solutions and services aimed at enhancing the quality of life for individuals experiencing hearing loss.
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Initial Investment
How much does it cost to start a Miracle-Ear franchise? It costs on average between $120,000 – $353,000 to start a Miracle-Ear franchised center.
This includes costs for clinic build-out, specialized equipment, initial inventory of hearing aids and accessories, and initial operating expenses. The exact amount varies based on factors such as the clinic location, regional requirements, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $30,000 |
| Prepaid Expenses – Franchise | $500 to $2,500 |
| Prepaid Expenses – Location | $1,000 to $5,000 |
| Travel and Living Expenses During Training | $1,500 to $5,000 |
| Real Property, Build Out Costs | $20,000 to $150,000 |
| Furniture, Fixtures and Equipment | $30,000 to $60,000 |
| Signage | $1,500 to $10,000 |
| Inventory | $5,000 to $10,000 |
| Additional Funds – 3 months | $30,000 to $80,000 |
| Total | $119,500 to $352,500 |
Average Revenue (AUV)
How much revenue can you make with a Miracle-Ear franchise? A Miracle-Ear franchised clinic makes on average $425,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $425,000 yearly revenue for similar other healthcare franchises.
Below are a few competitors:
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Miracle-Ear Franchise Disclosure Document
Frequently Asked Questions
How many Miracle-Ear locations are there?
As of the latest data, Miracle-Ear operates approximately 1,600 locations across the United States. This includes around 400 company-owned stores and over 1,200 franchised outlets. These figures reflect the company’s strategic expansion efforts, including recent acquisitions of franchisee-owned stores to bolster its direct retail presence.
What is the total investment required to open a Miracle-Ear franchise?
The total investment required to open a Miracle-Ear franchise ranges from $120,000 to $353,000.
What are the ongoing fees for a Miracle-Ear franchise?
A Miracle-Ear franchise requires ongoing fees, including a royalty fee of $48.80 per Miracle-Ear hearing aid and $30.15 per AudioTone Pro device.
Franchisees must also dedicate at least 10% of net sales to local advertising, which includes contributions to the National Marketing Fund (NMF) at $25 or $75 per hearing aid, depending on the model. These fees support brand marketing and franchise growth.
What are the financial requirements to become a Miracle-Ear franchisee?
To qualify as a Miracle-Ear franchisee, applicants must meet specific financial criteria: a minimum net worth of $100,000 and at least $50,000 in liquid assets. These requirements ensure that potential franchisees possess the necessary financial stability and resources to establish and operate a Miracle-Ear franchise successfully.
How much can a Miracle-Ear franchise owner expect to earn?
The average gross sales for a Miracle-Ear franchise are approximately $0.43 million per location. Assuming a 15% operating profit margin, $0.43 million yearly revenue can result in $65,000 EBITDA annually.
Who owns Miracle-Ear?
Miracle-Ear is owned by Amplifon S.p.A., an Italian company based in Milan and the world’s largest hearing aid retailer.
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