Hear Again America
Bottom line
- Total investment $187K – $318K including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $629K/year (median $482K). Estimated payback in 2.2 years.
- Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
- 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
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Hear Again America unit return on the cash you put in?
Unlevered ROIC · per unit
47%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Hear Again America units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.9M
on $9.4M purchase
Total debt
$7.6M
SBA $4.7M + senior + seller note
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
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.
Score breakdown · what drove the 60 / 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
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
12 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Hear Again America · FDD (2025) PDF