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Description of Franchise:
Miracle Method franchisees repair and restore bathtubs, tile and countertops saving homeowners, property managers and hotels time, money and the mess of replacement. The proprietary Miracle Method process has proven to be durable and effective since 1979. Miracle Method has not only been used in hundreds of thousands of homes and apartments, but in every major hotel chain from Disney to Hilton.
Growing at a rate of 20 to 25% per year, Miracle Method's commitment to quality workmanship and superior customer service has earned the company the reputation as the nation's "Preferred Refinisher."
While new franchisees can open as a home based business, they should have as their goal, a showroom and shop as it is a key to their financial growth. Among the reasons why entrepreneurs should consider Miracle Method:
- Ten days of hands-on training
- Complete operations manual
- Annual continuing education workshops
- Monthly technical bulletins and manual updates
- Proprietary products and procedures
- 28 years of proven success
- Multiple revenue streams
- On going technical, marketing and administrative support
- Extensive marketing and advertising tools
- Experienced management support team
- Financing of up to 50% of the initial Franchise Fee
- Website with over 10,000 visitors per week
- National ad program
Background:
Year Established: 1977
Year First Franchised: 1979
Franchised Units: 120
Company Owned Units: 0
Projected New Units (12 months): 25
States/Countries Registered In: CA, FL, IL, NY, MI, MN, MD, VA, WA
Availability in Canada
Franchise Sales:
Single Unit: Yes
Multiple Units: No
Area/Master Developer: No
Financial/Terms (Single Units):
Cash Investment: $40k - $60k
Total Investment: $75k - $100k
Minimum Net Worth: $150K
Franchise Fee: $30k, Equipment & Supplies: $5k, Misc Startup Expenses: $40k - $60k Total
Discounts: FranVet, Women, Minorities: No
VetFran Program Participant: No
Royalty: 5.5% of gross sales, paid monthly, 5% when paid on time
Nat Ad Fund: 1% of gross sales, paid monthly
Average # of Employees: 4
Passive Ownership Allowed: discouraged
Earnings Claim: Yes
Support & Training Provided:
Financial Assistance Provided: up to 50% of franchise fee (financed for 3 years @ 9.5%, no pre-payment penalty)
Site Selection Assistance: N/A
Lease Negotiation Assistance: N/A
Co-operative Advertising: No
Training:
Each Miracle Method franchisee goes through an extensive ten day training session, the longest and most comprehensive in the industry. The training includes refinishing techniques, handling of materials, safety, problem solving, administration, and how to market your business.
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