In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Miracle Method franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Miracle Method franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned Miracle Method outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the Miracle Method franchise opportunity
Section V – Presentation and analysis of Miracle Method’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 actual and average total revenue, reported number of technicians, total revenue per technician per month, and number of franchised outlets for the 67 Miracle Method franchised locations that were in operation for 12 months or longer as of December 31, 2022
- 2022 actual and average total revenue, reported number of technicians, total revenue per technician per month, and number of affiliated outlets for the 5 Miracle Method affiliated locations that were in operation for 12 months or longer as of December 31, 2022
Section VI – Key ratios, comparables, computations, and analyses for the Miracle Method franchise opportunity (exclusive content for Platinum subscribers)
Section I – Miracle Method Franchise Costs
- Miracle Method franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $45,000 to $58,000
- Territory Option Fee: $0 to $35,000
- 3 Months’ Lease Payments: $6,000 to $7,500
- Computer Hardware and Software: $2,000 to $3,000
- Vehicle: $2,400 to $7,200
- Equipment and Materials: $6,000 to $18,000
- Office Equipment and Supplies: $1,500 to $3,500
- Business Licenses and Permits: $2,500
- Professional Fees: $1,500 to $2,000
- Brand Protection Fee: $750
- Insurance – 3 Months: $4,500 to $7,500
- Supplemental Training Fee: $6,000
- Training Expenses: $3,200 to $16,000
- Initial Marketing Program: $10,000
- Additional Funds for 3 Months: $5,050 to $13,850
- Total Estimated Miracle Method Franchise Costs: $96,400 to $190,800
Section II – Miracle Method’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Miracle Method’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: the greater of $45,000 or $0.15 multiplied by the number of people in your Territory
- Royalty: the greater of 5.5% of Gross Revenues in your Territory or the minimum Royalty based on the size of your Territory
- National Advertising Fund Fee: the greater of 1.5% of Gross Revenues or $150 per month (“Minimum Ad Fee”)
- Coop Advertising: as agreed by the coop, but no less than the minimum coop advertising fee (currently $.0033 per person in your Territory, and can be increased up to $.0066 per person in your Territory)
Section III – Number of Franchised and Company-Owned Miracle Method Outlets
Franchised
2020
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- Outlets at the End of the Year: 163
- Net Change: +6
2021
- Outlets at the Start of the Year: 163
- Outlets at the End of the Year: 166
- Net Change: +3
2022
- Outlets at the Start of the Year: 166
- Outlets at the End of the Year: 173
- Net Change: +7
Company-Owned
2020
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
2021
- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
2022
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 1
- Outlets at the End of the Year: 1
- Net Change: 0
Section IV – News Updates on the Miracle Method Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Miracle Method Franchise (Item 19, 2023 FDD)
- As of December 31, 2022, there was one affiliate-owned Miracle Method Business (“Company-Owned Location”), nine Miracle Method Businesses operated by franchisees that are partially owned by Miracle Method’s president (the “Affiliated Outlets”), and 164 franchised Miracle Method Businesses (“Franchised Outlets”).
- Miracle Method refers to each franchisee operating one or more Franchised Outlets as a “Franchised Location” and each affiliated franchisee operating one or more Affiliated Outlets as an “Affiliated Location.”
- Miracle Method does not include data from its Company-Owned Location.
- The financial information provided in the following tables represents the historical performance of certain Franchised Locations and Affiliated Locations in the reporting groups specified and during the 2022 fiscal year (January 1, 2022 to December 31, 2022) (“Reporting Period”).
- The Affiliated Locations share many of the same characteristics as Miracle Method’s Franchised Locations, including degree of competition, length of time in operation, and services and goods offered. The Affiliated Locations have a signed franchise agreement and are bound by the same standards and requirements as Franchised Locations, including the payment of Royalties and National Advertising Fund Fees.
Part 1 – Total Revenue and Revenue Per Technician for the Franchised Locations in T1 Reporting Group During the Reporting Period
- Parts 1 and 2 present financial performance for: (1) the 67 Franchised Locations that were in operation for 12 months or longer as of December 31, 2022; and (2) the five Affiliated Locations that were in operation for 12 months or longer as of December 31, 2022 (“T1 Reporting Group”) during the Reporting Period. The T1 Reporting Group operates a total of 160 Franchised Outlets and nine Affiliated Outlets.
- Miracle Method has excluded the data of four Franchised Locations that were not open and operating for all 12 months of the Reporting Period.
- Miracle Method includes data from nine additional Franchised Outlets added to existing Franchised Locations that opened during the Reporting Period so long as the Franchised Location adding the additional Franchised Outlet was open for all 12 months of the Reporting Period. Miracle Method includes this data because the Franchised Locations report the Gross Revenue for these Franchised Outlets together.
- The data in this Item 19 was reported to Miracle Method by each Franchised Location and Affiliated Location in the T1 Reporting Group. These numbers have not been audited, but Miracle Method has no reason to doubt their accuracy.
Location #174
- Total Revenue: $3,561,067
- Reported Number of Technicians: 10
- Total Revenue Per Technician Per Month: $29,676
- Number of Franchised Outlets: 6
Location #213
- Total Revenue: $3,521,955
- Reported Number of Technicians: 13
- Total Revenue Per Technician Per Month: $22,577
- Number of Franchised Outlets: 7
Location #110
- Total Revenue: $3,192,314
- Reported Number of Technicians: 9
- Total Revenue Per Technician Per Month: $29,558
- Number of Franchised Outlets: 5
Location #175
- Total Revenue: $3,161,705
- Reported Number of Technicians: 14
- Total Revenue Per Technician Per Month: $18,820
- Number of Franchised Outlets: 9
Location #165
- Total Revenue: $3,000,686
- Reported Number of Technicians: 12
- Total Revenue Per Technician Per Month: $20,838
- Number of Franchised Outlets: 6
Location #229
- Total Revenue: $2,885,850
- Reported Number of Technicians: 10
- Total Revenue Per Technician Per Month: $24,049
- Number of Franchised Outlets: 4
Location #114
- Total Revenue: $2,884,588
- Reported Number of Technicians: 14
- Total Revenue Per Technician Per Month: $17,170
- Number of Franchised Outlets: 3
Location #137
- Total Revenue: $2,844,112
- Reported Number of Technicians: 10
- Total Revenue Per Technician Per Month: $23,701
- Number of Franchised Outlets: 7
Location #135
- Total Revenue: $2,323,548
- Reported Number of Technicians: 9
- Total Revenue Per Technician Per Month: $21,514
- Number of Franchised Outlets: 4
Location #206
- Total Revenue: $2,279,221
- Reported Number of Technicians: 8
- Total Revenue Per Technician Per Month: $23,742
- Number of Franchised Outlets: 2
Location #207
- Total Revenue: $2,131,542
- Reported Number of Technicians: 8
- Total Revenue Per Technician Per Month: $22,204
- Number of Franchised Outlets: 1
Location #113
- Total Revenue: $2,120,175
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $35,336
- Number of Franchised Outlets: 2
Location #112
- Total Revenue: $2,021,366
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $28,075
- Number of Franchised Outlets: 2
Location #202
- Total Revenue: $1,717,227
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $23,850
- Number of Franchised Outlets: 3
Location #102
- Total Revenue: $1,709,680
- Reported Number of Technicians: 8
- Total Revenue Per Technician Per Month: $17,809
- Number of Franchised Outlets: 2
Location #216
- Total Revenue: $1,650,775
- Reported Number of Technicians: 9
- Total Revenue Per Technician Per Month: $15,285
- Number of Franchised Outlets: 5
Location #117
- Total Revenue: $1,601,296
- Reported Number of Technicians: 7
- Total Revenue Per Technician Per Month: $19,063
- Number of Franchised Outlets: 1
Location #178
- Total Revenue: $1,596,333
- Reported Number of Technicians: 7
- Total Revenue Per Technician Per Month: $19,004
- Number of Franchised Outlets: 3
Location #125
- Total Revenue: $1,556,826
- Reported Number of Technicians: 7
- Total Revenue Per Technician Per Month: $18,534
- Number of Franchised Outlets: 1
Location #116
- Total Revenue: $1,397,558
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $19,411
- Number of Franchised Outlets: 3
Location #246
- Total Revenue: $1,262,231
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $21,037
- Number of Franchised Outlets: 4
Location #153
- Total Revenue: $1,253,619
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $20,894
- Number of Franchised Outlets: 4
Location #233
- Total Revenue: $1,251,379
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $20,856
- Number of Franchised Outlets: 3
Location #161
- Total Revenue: $1,245,559
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $20,759
- Number of Franchised Outlets: 1
Location #164
- Total Revenue: $1,232,925
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $20,549
- Number of Franchised Outlets: 3
Location #109
- Total Revenue: $1,230,054
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $20,501
- Number of Franchised Outlets: 1
Location #172
- Total Revenue: $1,143,236
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $15,878
- Number of Franchised Outlets: 2
Location #189
- Total Revenue: $1,099,986
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $15,278
- Number of Franchised Outlets: 2
Location #108
- Total Revenue: $1,021,728
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $21,286
- Number of Franchised Outlets: 3
Location #177
- Total Revenue: $970,821
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $26,967
- Number of Franchised Outlets: 4
Location #140
- Total Revenue: $969,232
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $20,192
- Number of Franchised Outlets: 2
Location #170
- Total Revenue: $953,428
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $15,890
- Number of Franchised Outlets: 2
Location #100
- Total Revenue: $895,133
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $18,649
- Number of Franchised Outlets: 3
Location #105
- Total Revenue: $885,244
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $24,590
- Number of Franchised Outlets: 3
Location #149
- Total Revenue: $854,926
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $14,249
- Number of Franchised Outlets: 2
Location #190
- Total Revenue: $840,937
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $17,520
- Number of Franchised Outlets: 3
Location #218
- Total Revenue: $817,750
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $17,036
- Number of Franchised Outlets: 2
Location #234
- Total Revenue: $811,000
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $22,528
- Number of Franchised Outlets: 1
Location #217
- Total Revenue: $791,413
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $16,488
- Number of Franchised Outlets: 2
Location #171
- Total Revenue: $776,271
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $16,172
- Number of Franchised Outlets: 1
Location #196
- Total Revenue: $774,703
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $16,140
- Number of Franchised Outlets: 2
Location #159
- Total Revenue: $768,295
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $16,006
- Number of Franchised Outlets: 1
Location #127
- Total Revenue: $748,738
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $20,798
- Number of Franchised Outlets: 1
Location #103
- Total Revenue: $716,355
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $29,848
- Number of Franchised Outlets: 1
Location #134
- Total Revenue: $649,195
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $18,033
- Number of Franchised Outlets: 2
Location #240
- Total Revenue: $646,161
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $13,462
- Number of Franchised Outlets: 2
Location #226
- Total Revenue: $626,407
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $17,400
- Number of Franchised Outlets: 1
Location #209
- Total Revenue: $604,663
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $12,597
- Number of Franchised Outlets: 2
Location #221
- Total Revenue: $580,730
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $24,197
- Number of Franchised Outlets: 2
Location #241
- Total Revenue: $567,627
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $23,651
- Number of Franchised Outlets: 1
Location #188
- Total Revenue: $564,243
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $15,673
- Number of Franchised Outlets: 1
Location #120
- Total Revenue: $526,963
- Reported Number of Technicians: 4
- Total Revenue Per Technician Per Month: $10,978
- Number of Franchised Outlets: 2
Location #154
- Total Revenue: $499,215
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $20,801
- Number of Franchised Outlets: 1
Location #198
- Total Revenue: $497,116
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $20,713
- Number of Franchised Outlets: 1
Location #208
- Total Revenue: $468,820
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $13,023
- Number of Franchised Outlets: 1
Location #157
- Total Revenue: $414,286
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $17,262
- Number of Franchised Outlets: 2
Location #199
- Total Revenue: $397,497
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $11,042
- Number of Franchised Outlets: 1
Location #204
- Total Revenue: $378,534
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $15,772
- Number of Franchised Outlets: 2
Location #173
- Total Revenue: $366,783
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $15,283
- Number of Franchised Outlets: 1
Location #139
- Total Revenue: $344,988
- Reported Number of Technicians: 3
- Total Revenue Per Technician Per Month: $9,583
- Number of Franchised Outlets: 1
Location #200
- Total Revenue: $314,248
- Reported Number of Technicians: 1
- Total Revenue Per Technician Per Month: $26,187
- Number of Franchised Outlets: 1
Location #106
- Total Revenue: $308,317
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $12,847
- Number of Franchised Outlets: 1
Location #232
- Total Revenue: $272,832
- Reported Number of Technicians: 2
- Total Revenue Per Technician Per Month: $11,368
- Number of Franchised Outlets: 1
Location #238
- Total Revenue: $202,303
- Reported Number of Technicians: 1
- Total Revenue Per Technician Per Month: $16,859
- Number of Franchised Outlets: 1
Location #215
- Total Revenue: $199,215
- Reported Number of Technicians: 1
- Total Revenue Per Technician Per Month: $16,601
- Number of Franchised Outlets: 1
Location #130
- Total Revenue: $193,065
- Reported Number of Technicians: 1
- Total Revenue Per Technician Per Month: $16,089
- Number of Franchised Outlets: 2
Location #104
- Total Revenue: $168,596
- Reported Number of Technicians: 1
- Total Revenue Per Technician Per Month: $14,050
- Number of Franchised Outlets: 1
Average (67 Locations)
- Total Revenue: $1,197,979
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $19,310
- Number of Franchised Outlets: 2.4
Part 2 – Total Revenue and Revenue Per Technician for the Affliated Locations in T1 Reporting Group During the Reporting Period
Location #115
- Total Revenue: $3,026,790
- Reported Number of Technicians: 13
- Total Revenue Per Technician Per Month: $19,402.50
- Number of Affiliated Outlets: 2
Location #219
- Total Revenue: $1,200,728
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $20,012.13
- Number of Affiliated Outlets: 2
Location #235
- Total Revenue: $1,143,950
- Reported Number of Technicians: 5
- Total Revenue Per Technician Per Month: $19,065.83
- Number of Affiliated Outlets: 2
Location #201
- Total Revenue: $1,059,761
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $14,718.90
- Number of Affiliated Outlets: 2
Location #131
- Total Revenue: $1,044,671
- Reported Number of Technicians: 6
- Total Revenue Per Technician Per Month: $14,509.32
- Number of Affiliated Outlets: 1
Average (5 Locations)
- Total Revenue: $1,495,180
- Reported Number of Technicians: 7
- Total Revenue Per Technician Per Month: $17,542
- Number of Affiliated Outlets: 1.8
- “Total Revenue” means income from all products and services provided. Some revenue may be generated from jobs outside a purchased territory.
- Miracle Method calculated monthly revenue per technician by dividing Total Revenue by 12 months and dividing by the average number of technicians for the Franchised Location or Affiliated Location during the Reporting Period. This data was reported to Miracle Method by each franchisee.
- The Territory populations for the T1 Reporting Group ranged from 232,714 people to 2,434,208* people (*this franchisee has a legacy franchise agreement that granted this large Territory). Miracle Method franchises with larger total populations may experience higher revenues than a franchise with a standard Territory currently offered by the Disclosure Document.
- The Franchised Locations and Affiliated Locations listed in the tables above in many instances operate multiple Franchised Outlets or Affiliated Outlets. Miracle Method allows franchisees with multiple franchised outlets to report a combined Total Revenue figure to it. Miracle Method does not collect or require franchisees to provide it with separate revenue numbers for each franchised outlet they operate.
- Because the Total Revenue figures above include aggregate totals from Franchised Locations and Affiliated Locations with multiple franchised outlets, these figures may include significantly higher revenues than the typical franchisee would generate operating a single franchised outlet. Please review the above table carefully as you compare the number of franchised outlets you will operate to the number of franchised outlets reported, as revenues per franchised outlet are lower than the reported aggregate revenues.
- The financial performance representation figures above do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from Total Revenue figures to obtain your net income or profit.
- Some outlets have sold this amount. Your individual results may differ. There is no assurance that you’ll sell as much.
Section VI – Miracle Method Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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