What kind of income potential is there in refinishing?
How much does it cost to start?
Is financing available?
Are there royalty fees?
Are there national advertising fees?
Is training included?
How long will it take to get going?
What's the next step?
What kind of income potential is there in refinishing?
Miracle Method's top franchises regularly generate
between $500,000 and $1,700,000 per year in gross
sales. Earnings before interest and taxes generally
range from 20% to 25% for multi-tech operations. Your potential of achieving similar results is solely dependent on your business management skills and capabilities.
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How much does it cost to start?
| Estimated Initial Startup Capital | |
| Franchise Fee | $ 30,000 |
| Initial Equipment & Supplies | $ 5,000-$10,000 |
| Vehicle purchase, office setup, computer, start-up advertising, insurance, travel to training, etc. | $40,000-$60,000 |
Total* |
$75,000-$100,000 |
| *Total depends on the number of technicians. In addition to the initial start-up capital, you should have at least six months of living expenses saved in reserve. |
|
Is financing available?
With approved credit we are willing to finance a portion of the Initial Franchise Fee.
Are there royalty fees?
Miracle Method collects monthly service fees equal to 5.5% of gross income to cover on-going support and to develop new products and marketing tools. Miracle Method does not make a profit center from the sale of supplies and materials. Franchisees buy directly from approved vendors who offer various discounts to them. We do everything possible to reduce operating expenses for our Franchise Partners. Even our proprietary MM-4 bonding agent is provided free of charge! Franchisees pay only for the cost of shipping and handling.
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Are there national advertising fees?
Franchisees contribute 1% of monthly gross income to a National Ad Fund.
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Is training included?
New franchisees receive ten days of training with a curriculum that includes technical, marketing and administrative instruction. Written manuals provide the foundation for the training process that initially involves an intensive hands-on program. After the initial training, we offer continuing education through regional workshops, technical bulletins and national conventions.
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How long will it take to get going?
The average start-up time from your commitment to operational status is 45 to 60 days. We provide checklists, critical path schedules and a marketing plan prior to training to assist you in making an effective transition from employee to business owner. Our goal is to have your business phone ringing even before you return home from training.
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What's the next step?
Fill out our Information Request Form or call 800-444-8827 and ask about a Miracle Method franchise in your area. We will be happy to discuss your career path and arrange to send you a Miracle Method Franchise Information packet.
You will receive a pass code to allow you to Dig Deeper into the Miracle Method franchise offering. You’ll follow an informative path learning more about Miracle Method and the growing refinishing industry. You will then receive additional information and be invited to a Discovery Day.
Discovery Day is your opportunity to see refinishing first hand and to meet the support group that will be there for you when you decide to join the Miracle Method team.
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