Miracle Method Surface Restoration Franchise
Tuesday, April 27, 2010 at 12:10PM Bathroom restoration services
Miracle Method Bath and Kitchen Refinishing offers bathroom refacing and refinishing services to homeowners, hotel operators and apartment managers. Founded in 1979 by Bob Gray, the company has franchises throughout the United States and internationally, reconditioning and renovating bathtubs, ceramic tile walls, countertops, cabinets, sinks and showers.
The company was acquired by Miracle Method U.S. Corp., which also owns franchise company Surface Doctor.
Start-up Costs & Franchises Fees
What is the total cost to open a Miracle Method Surface Restoration Franchises?
Total Cost: $35,000 USD -$45,000 USD
Total Franchise Fees: $24,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 5 years
Franchise Agreement Renewal Fee: 5%
Contact Information for Miracle Method Surface Restoration
|
Miracle Method Surface Restoration |
Phone Number: (719)594-9196 |
Miracle Method Surface Restoration In the Press
No results at this time.Historical Expansion
In what year did Miracle Method Surface Restoration begin operations? 1977
When did Miracle Method Surface Restoration begin selling franchises? 1980
Year United States Canada International Corporate 2005 88 0 25 0 2004 86 0 27 0 2003 78 0 19 0 2002 78 1 39 0 2001 80 1 44 0
Future Expansion
Countries of Interest: Australia,New Zealand, Canada, Mexico, South America, Western Europe,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.International franchise business owners required to buy multiple units/master licenses; 5% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Sales & marketing experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes