Miracle Method
Join the fast-growing remodeling industry by starting your own bath and kitchen refinishing business. Save customers over 70% by refinishing instead of replacing. For over 20 years, Miracle Method has privided expert repair and refinishing of bathtubs, tile, and countertops. Thousands of baths and kitchens have been refinished in homes, hotels, and apartments across the country. Miracle Method was recently ranked #1 by category and #46 out of 100 fastest growing franchises.
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: no locations yet, would like to expand
States, Countries or Geographical Areas from which Broker Referrals are not being accepted: Europe, Middle East, Far East
Financial/Terms (Single Units)
Cash Investment: $33K
Total Investment: $50K - $60K
Minimum Net Worth: $100K
Franchise Fee: $30k, Equipment & Supplies: $5k, Misc Startup Expenses: $40K = $75k 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
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