Hear Again AmericaFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Hear Again America franchise requires a total initial investment of $187K – $318K, including a $50K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $629K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $187K – $318K
- 41st pct Healthcare
- Avg gross sales
- $629K
- 18th pct Healthcare
- Royalty
- 5.0%
- 5th pct Healthcare
- Units
- 37
- 50th pct Healthcare
- SBA default
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
45% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $187K – $318K including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $629K/year (median $482K), with an estimated 45% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 33/100.
- Emerging franchise: only 3 years of franchising with 37 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Hear Again Franchising, LLC
- Incorporated in
- FL
- HQ
- 269 S Federal Highway, Deerfield Beach, FL 33441
- Auditor
- BAS Partners
- Audited financials
- Franchisor revenue
- $22K
- vs $65K prior year
Affiliated brands
- Hear Again
- SouthEast Hearing Partners
- has not
- locations in the Boca Raton
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Hear Again America franchisees operate hearing aid retail and audiological services clinics, typically managing customer consultations, hearing assessments, hearing aid fitting and adjustment, and patient follow-up care. Day-to-day operations involve staffing the clinic, managing inventory, handling insurance billing, and building local customer relationships in a protected territory.
- CEO
- Asaf Peled
- Headquarters
- FL
- Founded
- 2022
- FDD year
- 2025
- States available
- 3
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $30K | $50K |
| Equipment, build-out, other | $107K | $218K |
| Total initial investment | $187K | $318K |
Source: Hear Again America 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$107K
17.0% margin
Unlevered ROIC
37%
EBITDA / total invested capital
Payback
33 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $187K – $318K
- Near category avg vs category
- Liquid capital req'd
- $30K – $50K
- Near category avg vs category
- Franchise fee
- $30K – $50K
- Near category avg vs category
- Royalty
- 5.0%
- Net Sales · typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 2.2 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $500 |
| Transfer fee | $5K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $629K
- Per unit, per year
- Median gross sales
- $482K
- Avg p&l bottom line
- $114K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 45.0%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Affiliate-owned outlets
- Sample size
- 16 units
- vs category median 12
- Range (low → high)
- $177K→$1.6M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 201 Healthcare brands
vs Healthcare averages
How Hear Again America Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 37
- Opened
- 4
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 33
- Corporate units in the system
- % franchised
- 11%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 4
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- Hawaii
- Indiana
- Michigan
- North Dakota
- Rhode Island
- South Dakota
- Washington
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $682K
- Median loan
- $341K
- 50th percentile
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Hear Again America's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Hear Again America presents caution-level risk: a stagnant small franchise system with undisclosed financial performance, parent company going concern issues, and marginal unit economics that may not justify the mid-$200k investment.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $310,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BAS Partners
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 33 / 100 rating
- 01HIGHGoing Concern status indicates parent company financial distress or viability questions
- 02MINOROnly 37 units with unknown growth trajectory suggests stagnant or contracting system
- 03MEDNo Item 19 (Financial Performance Representations) disclosed limits transparency on actual earnings claims
- 04MINORHigh investment range ($187k-$318k) against modest average net income ($113.7k) yields marginal ROI of ~60% annually at best, or 3-5 year payback minimum
- 05MINOR5% royalty on $629k average revenue = $31.5k annual obligation; combined with overhead this compresses franchisee margins significantly
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 5 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 35 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- Franchisor financing
- Offered
- Item 10
- POS system
- Sycle.net
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Sycle.net
Item 20 · call current owners
Franchisee Contacts
12 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Hear Again America · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Hear Again America franchise?
The total investment to open a Hear Again America franchise ranges from $187K – $318K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Hear Again America franchise owners earn?
According to Item 19 of the Hear Again America FDD, the average gross sales per unit is $629K. The median is $482K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Hear Again America's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Hear Again America (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Hear Again America franchise locations are there?
As of their most recent FDD filing, Hear Again America has 37 total units in the United States, including 31 franchised units and 33 company-owned units. 4 new units were opened in the latest reporting year.
Is Hear Again America a good franchise to buy?
FranchiseVerdict rates Hear Again America as a A-grade franchise with a risk score of 33 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.