Miracle Method Franchise FDD, Profits & Costs (2025)
Miracle Method Surface Refinishing, established in 1979, is a leading company specializing in the repair and restoration of existing bathtubs, tile showers, vanities, sinks, tile floors, and kitchen countertops.
By refinishing surfaces in place, they save residential and commercial customers the hassle of demolition and the expense of replacement, providing a beautiful kitchen or bathroom makeover in just 2-3 days.
The company began franchising in 1980 and has since expanded to over 135 franchise locations across the United States. Each franchise is independently owned and operated, contributing to the brand’s extensive reach and local expertise.
Miracle Method differentiates itself from competitors through its proprietary refinishing process, which ensures high-quality and durable results. This unique approach has positioned the company as the nation’s largest surface refinishing company.
Initial Investment
How much does it cost to start a Miracle Method franchise? It costs on average between $96,000 – $190,000 to start a Miracle Method franchised facility.
This includes costs for equipment, materials, training, and initial operating expenses. The exact amount depends on various factors, including the size of the territory, the condition of the facility being used, and whether the franchisee chooses to lease or purchase the workspace.
Type of Expenditure | Amount |
---|---|
Initial Franchise Fee | $45,000 – $58,000 |
Territory Option Fee | $0 – $35,000 |
3-Months’ Lease Payments | $6,000 – $7,500 |
Computer Hardware and Software | $2,000 – $3,000 |
Vehicles | $2,400 – $7,200 |
Equipment and Materials | $6,000 – $18,000 |
Office Equipment and Supplies | $1,500 – $3,500 |
Business Licenses and Permits | $2,500 |
Professional Fees | $1,500 – $2,000 |
Insurance – 3 Months | $4,500 – $7,500 |
Supplemental Training Fee | $6,000 |
Training Expenses | $3,200 – $16,000 |
Initial Marketing Program | $10,000 |
Additional Funds – 3 Months | $5,050 – $13,850 |
TOTAL ESTIMATED INITIAL INVESTMENT | $95,650 – $190,050 |
Average Revenue (AUV)
How much revenue can you make with a Miracle Method franchise? A Miracle Method franchised business makes on average $582,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $532,000 yearly revenue for similar kitchen/bathroom franchises. Below are a few Miracle Method competitors as a comparison:
Miracle Method Surface Refinishing Franchise Disclosure Document
Frequently Asked Questions
How many Miracle Method locations are there?
As of the latest available data, Miracle Method Surface Refinishing operates over 140 locations across the United States and Canada. Each of these locations is independently owned and operated by franchisees. The company does not own any corporate locations; all are franchise-owned.
What is the total investment required to open a Miracle Method franchise?
The total investment required to open a Miracle Method franchise ranges from $96,000 to $190,000.
What are the ongoing fees for a Miracle Method franchise?
Miracle Method franchisees are required to pay a royalty fee is the greater of 5.5% of gross revenues in the territory or a minimum royalty based on the size of the territory. Additionally, franchisees contribute to the Brand Fund Fee, which is 2% of gross revenues per month.
What are the financial requirements to become a Miracle Method franchisee?
To qualify as a Miracle Method franchisee, candidates should have a minimum net worth of $150,000 and liquid capital between $50,000 and $125,000. These financial requirements ensure that franchisees possess the necessary resources to establish and operate their business effectively.
How much can a Miracle Method franchise owner expect to earn?
The average gross sales for a Miracle Method franchise are approximately $0.58 million per location. Assuming a 15% operating profit margin, $0.58 million yearly revenue can result in $87,000 EBITDA annually.
Who owns Miracle Method?
Miracle Method Surface Refinishing is owned by Threshold Brands, which acquired the company in 2023. Each Miracle Method location operates as an independently owned and operated franchise.
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