Miracle Method Surface Refinishing logo

Miracle Method Surface Refinishing

Kitchen and bathroom surface refinishing

Investment

$101,950

Initial Franchise Fee

$50,000

Units

204

Growth Rate

+22.2%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Home Improvement
Founded 1977
Franchising Since 1980
Parent Company Threshold Brands
Leadership Rob Reckinger, Brand Leader
# of Employees at HQ 10

Units and Growth Chart

About Miracle Method Surface Refinishing

Miracle Method Surface Refinishing specializes in refinishing ceramic tiles, bathtubs, sinks, countertops, bathrooms, and similar surfaces. The company was created in 1977 when founder Bob Gray discovered that many people wanted to revamp their houses, but lacked the capital needed for a complete reconstruction.

Currently, the Miracle Method Surface Refinishing brand has over 150 locations. However, they plan to expand into new territories as demand for their unique services remains. As a franchisee, you will be tasked with providing refinishing services to residential houses and commercial buildings such as hospitals and schools.

Why You May Want to Start a Miracle Method Surface Refinishing Franchise

Miracle Method Surface Refinishing offers franchisees unmatched support, be it helping you select a viable site location, marketing, business management, or introducing you to architects/interior designers/vendors. Also, if you need additional assistance, a Miracle Method Surface Refinishing representative is just a phone call away.

What Might Make a Miracle Method Surface Refinishing Franchise a Good Choice?

To be part of the Miracle Method Surface Refinishing team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Also, veterans may qualify for a discount on their franchise fee. Miracle Method Surface Refinishing also offers in-house financing to help cover the franchise fee, as well as partnering with third-party financial lenders that may offer financial help concerning the startup cost, equipment, inventory, and payroll. 

How To Start a Miracle Method Surface Refinishing Franchise

As you decide if opening a Miracle Method Surface Refinishing franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Miracle Method Surface Refinishing franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. You may want to speak to existing franchisees and ask the Miracle Method Surface Refinishing franchising team questions as part of your due diligence. Additionally, you may want to speak to a financial planner and an attorney specializing in franchise law.  

With the aid of a Miracle Method Surface Refinishing franchise representative, you may be able to draft a business plan and prepare for any face-to-face meetings with brand executives. 

Investment Details

Initial Franchise Fee $50,000
Initial Investment $101,950 - $147,050
Net Worth Requirement $150,000
Cash Requirement $45,000
Royalty Fee 5.5%
Ad Royalty Fee 2%
Technology Fee $600/mo.
Term of Agreement 5 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 20% off first-unit franchise fee

Available Territories

Franchising opportunities available in the following regions

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 80 hours
Classroom Training 40 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 3
Are exclusive territories available? No

Ranking History

Miracle Method Surface Refinishing performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Miracle Method Surface Refinishing ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022