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Miracle Method: $486K Average Sales Per Franchised Outlet vs. $95.6K-$190K Franchise Cost

Last updated on June 30, 2024 by Franchise Chatter Leave a Comment
in FDD Talk: Home-Related Franchises, Franchise Earnings, Home Repairs Franchise



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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 2024 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 2024 FDD


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Section III – Number of franchised and company-owned Miracle Method outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 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 2024 FDD, including information on the:

  • 2023 actual and average total revenue, reported number of technicians, total revenue per technician per month, and number of franchised outlets for the 76 Miracle Method franchised locations that were in operation for 12 months or longer as of December 31, 2023

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 2024 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
  • Vehicles:  $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
  • 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:  $95,650 to $190,050

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 2024 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 or the minimum Royalty based on the size of your Territory
  • Brand Fund Fee:  2% of Gross Revenues, per month
  • 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

2021


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  • Outlets at the Start of the Year:  112
  • Outlets at the End of the Year:  114
  • Net Change:  +2

2022

  • Outlets at the Start of the Year:  114
  • Outlets at the End of the Year:  122
  • Net Change:  +8

2023

  • Outlets at the Start of the Year:  122
  • Outlets at the End of the Year:  136
  • Net Change:  +14

Company-Owned

2021

  • Outlets at the Start of the Year:  0
  • Outlets at the End of the Year:  0
  • Net Change:  0

2022

  • Outlets at the Start of the Year:  0
  • Outlets at the End of the Year:  0
  • Net Change:  0

2023


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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:  0
  • Outlets at the End of the Year:  0
  • Net Change:  0

Section IV – News Updates on the Miracle Method Franchise

  • Threshold Brands Acquires the Nation’s Largest Provider of Bath and Kitchen Surface Refinishing Services, Miracle Method
  • The Riverside Company’s Threshold Brands Seals the Deal with Latest Add-on
  • Miracle Method Launches Strategic Franchise Growth Plan
  • Miracle Method Surface Refinishing Ranked No. 158 on Entrepreneur’s 2024 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Miracle Method Franchise (Item 19, 2024 FDD)

  • As of December 31, 2023, there were 194 franchised Miracle Method Businesses (“Franchised Outlets”). These Franchised Outlets also include those outlets operated under Franchise Agreements with Miracle Method’s master franchisees. Miracle Method has included these outlets as they are substantially similar to a Miracle Method Business.
  • Miracle Method refers to each franchisee operating one or more Franchised Outlets as a “Franchised Location”. The financial information provided in the following tables represents the historical performance of Miracle Method’s Franchised Locations during 2023. Two franchised outlets were excluded because they were open less than 12 months. Neither of the excluded outlets closed during 2023.

Total Revenue and Revenue Per Technician for the Franchised Locations

Location #213

  • Total Revenue:  $4,315,906.00
  • Reported Number of Technicians:  15
  • Total Revenue Per Technician Per Month:  $23,977.26
  • Number of Franchised Outlets:  7

Location #174

  • Total Revenue:  $3,445,111.00
  • Reported Number of Technicians:  10
  • Total Revenue Per Technician Per Month:  $30,127.54
  • Number of Franchised Outlets:  9

Location #229

  • Total Revenue:  $3,478,131.00
  • Reported Number of Technicians:  12
  • Total Revenue Per Technician Per Month:  $24,153.69
  • Number of Franchised Outlets:  4

Location #175

  • Total Revenue:  $3,452,610.00
  • Reported Number of Technicians:  14
  • Total Revenue Per Technician Per Month:  $20,551.25
  • Number of Franchised Outlets:  9

Location #114

  • Total Revenue:  $3,377,673.00
  • Reported Number of Technicians:  12
  • Total Revenue Per Technician Per Month:  $23,533.61
  • Number of Franchised Outlets:  3

Location #165

  • Total Revenue:  $3,306,818.00
  • Reported Number of Technicians:  14
  • Total Revenue Per Technician Per Month:  $19,683.44
  • Number of Franchised Outlets:  6

Location #115

  • Total Revenue:  $2,574,941.00
  • Reported Number of Technicians:  10
  • Total Revenue Per Technician Per Month:  $22,663.80
  • Number of Franchised Outlets:  2

Location #110

  • Total Revenue:  $2,743,561.00
  • Reported Number of Technicians:  9
  • Total Revenue Per Technician Per Month:  $24,520.91
  • Number of Franchised Outlets:  5

Location #137

  • Total Revenue:  $2,587,680.00
  • Reported Number of Technicians:  8
  • Total Revenue Per Technician Per Month:  $26,955.00
  • Number of Franchised Outlets:   7

Location #206

  • Total Revenue:  $2,331,431.00
  • Reported Number of Technicians:  8
  • Total Revenue Per Technician Per Month:  $24,154.41
  • Number of Franchised Outlets:  2

Location #125

  • Total Revenue:  $2,018,865.00
  • Reported Number of Technicians:  7
  • Total Revenue Per Technician Per Month:  $25,995.67
  • Number of Franchised Outlets:  1

Location #113

  • Total Revenue:  $2,058,736.00
  • Reported Number of Technicians:  7
  • Total Revenue Per Technician Per Month:  $25,571.62
  • Number of Franchised Outlets:  2

Location #207

  • Total Revenue:  $2,373,186.00
  • Reported Number of Technicians:  8
  • Total Revenue Per Technician Per Month:  $21,217.06
  • Number of Franchised Outlets:  1

Location #135

  • Total Revenue:  $2,029,664.00
  • Reported Number of Technicians:  8
  • Total Revenue Per Technician Per Month:  $21,142.33
  • Number of Franchised Outlets:  5

Location #202

  • Total Revenue:  $1,825,902.00
  • Reported Number of Technicians:  6
  • Total Revenue Per Technician Per Month:  $24,560.33
  • Number of Franchised Outlets:  4

Location #116

  • Total Revenue:  $1,745,204.00
  • Reported Number of Technicians:  8
  • Total Revenue Per Technician Per Month:  $18,179.21
  • Number of Franchised Outlets:  3

Location #216

  • Total Revenue:  $1,719,867.00
  • Reported Number of Technicians:  9
  • Total Revenue Per Technician Per Month:  $15,654.13
  • Number of Franchised Outlets:  5

Location #112

  • Total Revenue:  $1,605,094.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $26,751.57
  • Number of Franchised Outlets:  2

Location #117

  • Total Revenue:  $1,593,268.00
  • Reported Number of Technicians:  6
  • Total Revenue Per Technician Per Month:  $22,128.72
  • Number of Franchised Outlets:  1

Location #178

  • Total Revenue:  $1,569,969.00
  • Reported Number of Technicians:  7
  • Total Revenue Per Technician Per Month:  $18,692.13
  • Number of Franchised Outlets:  3

Location #108

  • Total Revenue:  $1,280,021.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $31,461.27
  • Number of Franchised Outlets:  4

Location #235

  • Total Revenue:  $1,445,082.00
  • Reported Number of Technicians:  6
  • Total Revenue Per Technician Per Month:  $20,070.58
  • Number of Franchised Outlets:  3

Location #172

  • Total Revenue:  $1,412,838.00
  • Reported Number of Technicians:  6
  • Total Revenue Per Technician Per Month:  $19,622.75
  • Number of Franchised Outlets:  3

Location #153

  • Total Revenue:  $1,240,755.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $21,900.68
  • Number of Franchised Outlets:  4

Location #102

  • Total Revenue:  $1,272,726.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $21,212.10
  • Number of Franchised Outlets:  2

Location #177

  • Total Revenue:  $1,191,994.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $19,866.57
  • Number of Franchised Outlets:  4

Location #201

  • Total Revenue:  $1,168,416.00
  • Reported Number of Technicians:  6
  • Total Revenue Per Technician Per Month:  $16,228.00
  • Number of Franchised Outlets:  2

Location #131

  • Total Revenue:  $1,175,438.00
  • Reported Number of Technicians:  7
  • Total Revenue Per Technician Per Month:  $13,835.57
  • Number of Franchised Outlets:  2

Location #246

  • Total Revenue:  $1,149,646.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $23,950.96
  • Number of Franchised Outlets:  4

Location #154

  • Total Revenue:  $1,129,028.00
  • Reported Number of Technicians:  6
  • Total Revenue Per Technician Per Month:  $15,680.94
  • Number of Franchised Outlets:  1

Location #161

  • Total Revenue:  $1,109,760.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $23,245.17
  • Number of Franchised Outlets:  9

Location #233

  • Total Revenue:  $1,107,775.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $23,078.65
  • Number of Franchised Outlets:  3

Location #164

  • Total Revenue:  $1,060,919.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $17,972.08
  • Number of Franchised Outlets:  3

Location #105

  • Total Revenue:  $1,015,140.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $29,021.83
  • Number of Franchised Outlets:  3

Location #109

  • Total Revenue:  $997,290.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $21,199.98
  • Number of Franchised Outlets:  1

Location #134

  • Total Revenue:  $996,822.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $27,689.50
  • Number of Franchised Outlets:  2

Location #217

  • Total Revenue:  $1,054,584.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $20,002.54
  • Number of Franchised Outlets:  2

Location #205

  • Total Revenue:  $917,726.00
  • Reported Number of Technicians:  7
  • Total Revenue Per Technician Per Month:  $11,395.56
  • Number of Franchised Outlets:  1

Location #189

  • Total Revenue:  $937,507.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $15,625.12
  • Number of Franchised Outlets:  2

Location #140

  • Total Revenue:  $927,612.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $19,325.25
  • Number of Franchised Outlets:  2

Location #208

  • Total Revenue:  $926,353.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $25,732.03
  • Number of Franchised Outlets:  1

Location #196

  • Total Revenue:  $862,383.00
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $14,373.05
  • Number of Franchised Outlets:  2

Location #127

  • Total Revenue:  $858,301.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $23,841.69
  • Number of Franchised Outlets:  1

Location #190

  • Total Revenue:  $859,844.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $17,829.54
  • Number of Franchised Outlets:  3

Location #170

  • Total Revenue:  $853,572.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $17,782.75
  • Number of Franchised Outlets:  2

Location #100

  • Total Revenue:  $818,693.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $16,644.46
  • Number of Franchised Outlets:  3

Location #149

  • Total Revenue:  $795,284.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $16,568.42
  • Number of Franchised Outlets:  2

Location #219

  • Total Revenue:  $781,546.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $16,282.21
  • Number of Franchised Outlets:  2

Location #188

  • Total Revenue:  $737,830.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $14,995.02
  • Number of Franchised Outlets:  1

Location #234

  • Total Revenue:  $719,290.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $19,430.97
  • Number of Franchised Outlets:  1

Location #159

  • Total Revenue:  $661,691.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $18,380.31
  • Number of Franchised Outlets:  2

Location #221

  • Total Revenue:  $648,200.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $26,577.13
  • Number of Franchised Outlets:  2

Location #171

  • Total Revenue:  $615,814.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $17,105.94
  • Number of Franchised Outlets:  1

Location #222

  • Total Revenue:  $601,352.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $25,056.33
  • Number of Franchised Outlets:  1

Location #198

  • Total Revenue:  $596,766.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $24,865.25
  • Number of Franchised Outlets:  1

Location #218

  • Total Revenue:  $589,698.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $16,380.50
  • Number of Franchised Outlets:  2

Location #103

  • Total Revenue:  $581,617.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $16,156.03
  • Number of Franchised Outlets:  1

Location #240

  • Total Revenue:  $559,698.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $15,547.17
  • Number of Franchised Outlets:  2

Location #209

  • Total Revenue:  $552,538.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $15,348.28
  • Number of Franchised Outlets:  2

Location #226

  • Total Revenue:  $558,173.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $15,238.67
  • Number of Franchised Outlets:  1

Location #200

  • Total Revenue:  $524,271.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $15,187.67
  • Number of Franchised Outlets:  1

Location #241

  • Total Revenue:  $536,809.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $22,023.29
  • Number of Franchised Outlets:  1

Location #120

  • Total Revenue:  $517,719.00
  • Reported Number of Technicians:  4
  • Total Revenue Per Technician Per Month:  $10,774.56
  • Number of Franchised Outlets:  2

Location #204

  • Total Revenue:  $407,385.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $17,864.96
  • Number of Franchised Outlets:  2

Location #152

  • Total Revenue:  $458,768.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $11,779.97
  • Number of Franchised Outlets:  1

Location #130

  • Total Revenue:  $405,341.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $11,259.47
  • Number of Franchised Outlets:  3

Location #106

  • Total Revenue:  $399,173.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $16,632.21
  • Number of Franchised Outlets:  1

Location #199

  • Total Revenue:  $395,549.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $10,987.47
  • Number of Franchised Outlets:  1

Location #157

  • Total Revenue:  $355,625.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $14,810.42
  • Number of Franchised Outlets:  2

Location #245

  • Total Revenue:  $296,048.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $12,335.33
  • Number of Franchised Outlets:  1

Location #232

  • Total Revenue:  $262,200.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $10,925.00
  • Number of Franchised Outlets:  1

Location #139

  • Total Revenue:  $213,876.00
  • Reported Number of Technicians:  3
  • Total Revenue Per Technician Per Month:  $6,027.97
  • Number of Franchised Outlets:  1

Location #215

  • Total Revenue:  $207,242.00
  • Reported Number of Technicians:  1
  • Total Revenue Per Technician Per Month:  $17,270.17
  • Number of Franchised Outlets:  1

Location #104

  • Total Revenue:  $186,430.00
  • Reported Number of Technicians:  1
  • Total Revenue Per Technician Per Month:  $15,825.83
  • Number of Franchised Outlets:  1

Location #155

  • Total Revenue:  $190,718.00
  • Reported Number of Technicians:  2
  • Total Revenue Per Technician Per Month:  $7,632.33
  • Number of Franchised Outlets:  1

Location #238

  • Total Revenue:  $156,241.00
  • Reported Number of Technicians:  1
  • Total Revenue Per Technician Per Month:  $13,575.50
  • Number of Franchised Outlets:  1

Average (76 Locations)

  • Total Revenue:  $1,216,273
  • Reported Number of Technicians:  5
  • Total Revenue Per Technician Per Month:  $19,232
  • Number of Franchised Outlets:  2.5
  • “Total Revenue” means revenues from the sale of all goods, products, and services sold by the Franchised Location but excludes: (1) any sales taxes or other taxes; and (2) any bona fide refunds made to customers.
  • Total Revenue has the same meaning as Gross Revenues in the Franchise Agreement.
  • The data in the chart above was reported to Miracle Method by each Franchised Location. Miracle Method has not audited any of this information.
  • Some revenue may be generated from jobs outside a Territory.
  • The Territory populations for the Franchised Outlets ranged from 234,420 people to 3,177,014* 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 listed in the table above in many instances operate multiple Franchised 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 with multiple Franchised Outlets, these figures may include significantly higher revenues than the typical franchisee would generate operating a single Miracle Method Business.
  • The information in this Item 19 does 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 these amounts. 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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Tagged as: Miracle Method

You are here: Home / FDD Talk: Home-Related Franchises / Miracle Method: $486K Average Sales Per Franchised Outlet vs. $95.6K-$190K Franchise Cost

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