Miracle-ear Franchise Cost & 2026 FDD Data
55/100
Second tier
55 this brand54 Retail medianlikely 49–61: narrower with more SBA loans (high confidence)
Higher is better · an editorial assessment, not investment advice
#1,376 of 3,068 graded brands
Why a B: Helped by scale, legal record and transparency. Held back by financial health and unit growth. See all six factors
- Total investment
- $120K – $403K
- Avg gross sales
- $428K
- 1,008 outlets reporting; not profit
- SBA charge-off
- 5 resolved of 10 loans: too few to judge
Data from the FDD filing + SBA 7(a) records. Analysis by FranchiseVerdict · Methodology · Website · Report an error · Franchisor? Claim this listing
FranchiseVerdict summary · 2026 FDD
Per the 2026 FDD, a Miracle-ear franchise requires a total initial investment of $120K – $403K, including a $30K franchise fee. Per the 2026 FDD, average gross sales were $428K (1,008 outlets reporting; gross sales, not profit). Verdict grade: B (Second tier), an editorial assessment, not investment advice.
Sources: 2026 FDD · What one unit could make and lose →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low (issued within the last 12 months)
Evidence for the headline figures: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 6 headline figures on this page cite a page of the filing.
Overview
Quick verdict · vs Retail median
Top edge: green = better than the Retail median by more than 10%, red = worse by more than 10%, gray = within 10% or no benchmark. Source: FDD filings + SBA 7(a).
Data from public FDD filings and SBA records. Methodology
Bottom line
- RETURNSAverage gross sales of $428K/year (outlet median $368K; reported for a subset of outlets rather than the whole system; 1,008 outlets reporting; gross sales, not profit).
- GROWTHIn the latest Item 20 year, the number of franchised outlets fell by 9 (29 opened, 38 left the franchised system, 28 of them bought back by the franchisor).
- SCALEEstablished system with 1,595 units across 42 years of franchising. Strong brand recognition and operational playbook.
AT STAKEOne unit at the Item 7 midpoint: $34K a year in payments on assumed SBA 7(a)-style terms.You put in about $52K of your own cash and personally guarantee a $209K loan. Assumptions are labeled in Sales; not investment advice.See what one unit could make and lose
Things to check before you sign (2)
- Net -9 franchised outlets in 2025 (Item 20, outlet counts). Ask owners why outlets closed.
- The franchisor keeps the right to compete inside your territory (Item 12, territory).
Checked and clear: no auditor doubt that the franchisor can keep operating, no pending lawsuit naming the franchisor and the full filing on file, and an Item 19 average from 1,008 units. Not on file here, so ask: SBA charge-off rate against the category median, jury-trial waiver, supplier rebates and owner-operator rule.
What to do next
Step 1: Read the FDD itself.
Free: the franchisor must give it to you at least 14 days before you sign or pay. Or look it up in a state registry (Wisconsin, Minnesota, California). What to read first.
Step 2: Talk to current and former owners.
Free: Item 20 of the FDD lists every current owner and those who left last year, most with a phone number. Questions to ask.
Shortcut: the Miracle-ear owner list as a CSV, in the Contacts section.
Step 3: Talk to an SBA lender.
Free: the SBA's Lender Match, or the lenders already lending to this brand in the SBA section. Ask what you would personally guarantee and what the monthly payment would be. If you plan to use retirement savings, ask a CPA about the rules for that first.
Step 4: Have a franchise attorney review the FDD and agreement.
Free: your state bar's lawyer referral service can name franchise lawyers, and many offer a short first consultation. Bring the checks listed above.
Research steps, not investment or legal advice.
Can you afford it, and what does the money buy?
Entry cost (the Item 7 midpoint) is 15% below the Retail median ($309K).
Source: FDD 2026 · Items 5–7 (fees and startup costs)
Do you qualify? The filing states no minimum net worth or liquid capital. Ask Miracle-Ear, Inc. (Item 1: Fifth Street Towers, 150 South 5th Street, Suite 2300, Minneapolis, MN 55402) and your lender what they require, and keep living costs for the first year outside the deal.
Full Item 7 breakdown9 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $30K | $30K | |
| Prepaid Expenses - Franchise | $500 | $2.5K | |
| Prepaid Expenses - Location | $1K | $5K | |
| Travel and Living Expenses During Training | $2K | $5K | |
| Real Property4, Build Out Costs | $20K | $200K | |
| Furniture, Fixtures and Equipment | $30K | $60K | |
| Signage | $1.5K | $10K | |
| Inventory | $5K | $10K | |
| Additional Funds - 3 months | $30K | $80K | |
| Total initial investment | $120K | $403K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. The total row is the total as printed in Item 7. Actual costs may fall outside this range depending on market and build-out scope.
Item 6 · what you pay once you are open
Ongoing fees
| Fee | Amount |
|---|---|
| Royalty (flat) | Royalty is a flat monthly fee: $104.15 per month per full-time or part-time location, $41.21 per month per service location, plus $48.80 for each Miracle-Ear hearing aid sold and $30.15 for each AudioTone Pro sold. May be adjusted annually up to the lesser of 105% of prior year's Royalty or the then-current rate charged to new franchisees. |
Technology feesThe filing's detailCRM Program Fee not to exceed $570 per Center per month (based on customer database size); Sycle.net software access fee $104.15/month per FT/PT location and $41.21/month per service location; NOAH License Fee $65 per location (one-time); iNOAH integration fee. | See the list |
| Transfer fee | $5,000 |
What do units actually make?
Average gross sales are 47% below the Retail median ($814K).
Source: FDD 2026 · Item 19 (sales and earnings)
Items 6 (other fees), 7 (startup costs) and 19 (sales and earnings) · assumptions labeled
What you could make and lose: one unit
What one Miracle-ear unit would ask of you, from the filing's Item 7 total and labeled assumptions.
Average gross sales are $428K (FDD p.54). This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. So this box does not estimate a profit. To cover the loan payment alone, one unit has to clear $34K a year after its food, labor, rent and other costs and the franchisor's fees.
How these figures are worked out
- Loan (assumption): 80% of the $261K Item 7 midpoint is a $209K loan, paid over 10 years at 10.5%: $34K a year. SBA 7(a)-style terms on a long-term rate; your lender sets yours. Miracle-ear's past SBA 7(a) loans averaged 8.0% at approval; 7(a) rates move with the prime rate, so 10.5% is a current-rate assumption, not this brand's history.
What you put at risk
Your own cash in: about $52K Assumption (the part the loan does not cover of the $261K Item 7 midpoint), plus whatever anything Item 7 leaves out (its notes say what). The loan is $209K.
Personal guarantee. SBA 7(a) loans require a personal guarantee from anyone who owns 20% or more of the business. If the unit cannot pay, the lender can collect from you personally, which can include your savings and your home. The worst case is losing the cash you put in and still owing the rest of the loan.
Gross sales are not profit, and none of these figures is take-home pay until tax and every operating cost are paid. The assumptions are ours, not the filing's. Not investment advice.
Returns modelOne unit · several units · editable
One unit
One unit: what is left after the loan payment
Gross sales, minus the franchisor's fees and the operating costs, is the unit's EBITDA (earnings before interest, taxes, depreciation and amortization). Minus an assumed loan payment, that is what is left for you, before tax. Gross sales are not profit.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. Invested capital is the Item 7 total, which already includes its working-capital (additional funds) line.
Returns model · one unit
What would one Miracle-ear unit leave you each year after the loan payment?
Item 19 reports $427,980 per unit. Reported for a subset of outlets rather than the whole system.
Gross sales, not profit: the costs below decide what is left.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners.
Illustrative category typicals, not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Item 7 midpoint of $120K to $403K
Item 7's $30K to $80K additional funds are already in the total
Left after the loan payment · per year
The unit's EBITDA minus the assumed loan payment. Before tax, depreciation and any cost your inputs leave out (insurance, accounting and legal, licenses, technology fees): not take-home pay.
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies royalty rate, ad fund rate, direct costs, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
Loan of $209K at 10.5% over 10 years, an assumption, not a quote. Return and payback are before tax, depreciation and the costs above. The loan usually needs your personal guarantee.
Buying several existing units? The acquisition scenario
Buying several units
What buying a few existing units could return
Prices an existing operator of a few units off the single-unit EBITDA above, after shared services, and finances it with an SBA 7(a) loan, a conventional loan and a seller note. It shows the yearly return on your cash (IRR), whether year-1 earnings cover the loan payments (DSCR) and how the price is paid for. It starts at 5 units; every deal term is an assumption you can change, and none is from the FDD.
Not modelled yet
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies royalty rate, ad fund rate, direct costs, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
This scenario starts from a per-unit EBITDA. Fill in the operating costs in the one-unit model above and it runs on that figure, or take it to the full ROI workbench, where the multi-unit and acquisition models accept your own per-unit economics.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD · filed by Miracle-Ear, Inc.
Financial performance
- Range (low → high)
- $19K→$2.1MSource: 2026 FDD, page 54
- Cohort dispersion (min → max)
Percentile ranks within Retail
Each rank is among the Retail brands that report that figure (the count is under each bar).
vs Retail medians
How Miracle-ear compares
Category median of published Retail brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Who are you contracting with?
Miracle-Ear, Inc., owned by Amplifon (USA), Inc.
Item 21 (audited financials) · audited statements · 2026 FDD
The franchisor's own finances
The franchisor related companies owe it $42.8M, 41% of its assets. A franchisor that keeps little of its own profit has less of a cushion if the system has a bad year; ask how support and the ad fund are funded.
The figures, with their pages
- Net income
- -$6.4Mlatest year · FDD Item 21
- Owed by related companies
- $42.8M41% of total assets (our arithmetic) · FDD p.113
- Total assets
- $105.0MFDD Item 21
- Equity
- $39.0MFDD Item 21
Item 1 (the franchisor) · who you're contracting with
The franchisor
Corporate structure & franchisor financials
- Legal entity
- Miracle-Ear, Inc.
- Parent company
- Amplifon (USA), Inc.
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- Amplifon S.p.A.
- FDD Item 1, page 8 of the 2026 FDD
- Incorporated in
- Minnesota
- HQ
- Fifth Street Towers, 150 South 5th Street, Suite 2300, Minneapolis, MN 55402
Overview
About
Miracle-Ear franchisees operate retail hearing aid centers, selling a complete line of hearing aids and related products (in-the-ear and behind-the-ear types) and providing presale and post-sale services to hearing-impaired consumers under the Miracle-Ear trademark.
Is the system healthy?
-77 franchised outlets over the two years to 2025 (1,260 to 1,183, -6.1% in total, -3.1% a year compounded).
Source: FDD 2026 · Item 20 (outlets opened, closed and transferred)
Item 20 (outlet counts) · unit dynamics
The growth chart
- Company-owned
- 412
- Corporate units in the system
- % franchised
- 74%
- vs corporate-owned
Last fiscal year · Item 20 rates and pipeline
- Reacquired
- 28
- Franchisor bought back
- Signed, not yet open
- 0
- Item 20 Table 5
- Projected new
- 8
- Franchisor's next-year forecast
Item 20 · franchised units at year end
Franchised units fell from 1,260 in 2023 to 1,183 in 2025
Axis does not start at zero.
Source and method
Item 20 (outlet counts) outlets · 47 states
Where current outlets are
States with at least one current outlet in the Item 20 list the franchisor prints. Former owners are not counted, and this is not a list of where the franchisor may sell new units.
Current outlets (count on the tile) · 47 statesNo current outlet
1,181 current outlets in 47 states: the 1,181 on the owner list, of 1,183 franchised at year end (Item 20), run by 87 franchisee companies.
Counts only, from the list the franchisor prints in Item 20. The contact details are for your own due diligence and are not shown here.
Government records
SBA loan data
Matched to this brand from SBA 7(a) and 504 FOIA loan records.
- Loans on file
- 10
- SBA 7(a) loans matched to this brand, incl. those still being repaid
- Loan volume
- $4.8M
- Average loan
- $485K
- loan volume divided by loans
- Charge-off rate
- 5 resolved of 10 loans: too few to judge
- Limited SBA coverage: 10 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
- Paid in full
- 5 resolved of 10 loans: too few to judge
- Recent-loan charge-off
- 5 resolved of 10 loans: too few to judge
- Lenders
- 6
- Average interest rate
- 8.0%
- Jobs reported
- 68
- Lender concentration
- 20%
- top lender's share
Cumulative: every 7(a) loan matched to this brand in the SBA’s FOIA files, approved FY1991 onward. Historical lending data, not predictive of future performance. How SBA charge-off rates are calculated
Borrower mix: of the 10 loans with a recorded business age, 5 (50%) went to startups or businesses under two years old and 5 (50%) to established businesses or ownership changes.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Full SBA lending reportlenders · charge-off rate · trend
Lender network · SBA 7(a)
SBA Lending Report
Lender, state and yearly detail for Miracle-ear from SBA 7(a) FOIA loan records.
- Average SBA guarantee
- 73%
- Average interest rate
- 8.0%
- Lender concentration
- 20%
- Jobs reported
- 68
Top 10 SBA lenders by loan count
| Loans | Volume | Charge-off |
|---|---|---|
| Glacier Bank | ||
| 2 | $1.2M | Not on file |
| America First FCU | ||
| 2 | $353K | Not on file |
| Wilmington Savings Fund Society FSB | ||
| 2 | $773K | Not on file |
| The Huntington National Bank | ||
| 2 | $152K | Not on file |
| BayFirst National Bank | ||
| 1 | $295K | Not on file |
A lender’s rate counts only its resolved loans, the loans that have finished (paid in full or charged off); a 0.0% often means few of its loans have finished. Under 10 resolved loans, the rate reads “Too few”.
Charge-off rate by state (top 10 by loans)
| State | Loans | Charged off | Rate |
|---|---|---|---|
| PA Pennsylvania | 5 | 0 | Too few1 resolved |
| ID Idaho | 2 | 0 | Too few2 resolved |
| NV Nevada | 2 | 0 | Too few1 resolved |
| MT Montana | 1 | 0 | Too few1 resolved |
Rate: charged-off loans over resolved loans (paid in full plus charged off), shown from 10 resolved loans. "Too few": under 10 resolved. The Loans column counts every approval in the window, including loans still being repaid.
SBA 7(a) loans approved per year
Borrower profile
The SBA's own business-age labels (3)
Source: SBA 7(a) FOIA loan-level data, matched to the brand by FranchiseVerdict.
What are the risks?
Main risk in the grade: financial health, then unit growth. The reasons are below.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Verdict grade + FDD Items 3 (litigation), 4 (bankruptcy), 8 (required suppliers), 16 (what you may sell), 21 (audited financials)
Risk and legal
Grade B: Second tier, 55/100 (category median 54); the full grade is at the top of the page.
How the grade is built
Why a B, factor by factor
- Financial health Weighs on it, weakest dimensionAudited financials; no going-concern doubt; franchisor reported a net loss; 41% of its assets are owed to it by related companies (Item 21; shown, not scored)
- Unit economics NeutralAvg gross sales $428K on a $261K investment midpoint, 1.6x (gross sales, not profit)
- Unit growth Weighs on it-77 franchised outlets over the two years to 2025 (1,260 to 1,183, -6.1% in total, -3.1% a year compounded); turnover 2.4%
- Scale Helps1,183 franchised units, +412 company-owned (1,595 in all); franchising since 1984
- Legal Helps2 matters naming the franchisor among the Item 3 matters we list (0.1 per 100 outlets)
- Transparency HelpsItem 19 discloses financial performance; audited financials
- Adjustments after the six dimensions (+1 point)Rounding: the score is kept as a whole number, which moved it by 1 point.
From the six scored dimensions, an editorial assessment, not investment advice. How the score is built
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes
Supplier relationship · Items 8 & 16
Ask what the franchisor earns on the supplies it sells you or the rebates it takes (Item 8).
- Franchisor sells you products: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Litigation case detail3 matters · Item 3
Litigation cases
The franchisor and its predecessor
Concluded (2)
In the Matter of Dahlberg, Inc.; Dahlberg, Inc. v. Federal Trade Commission
settledGovernment or regulatory action · Dahlberg, Inc. (Item 1, p.10: 'our predecessor, Dahlberg, Inc.') · filed 1994-01-25 · United States District Court, District of Minnesota · Civ. No. 3-94-C-39; Civ. No. 4-94-54
“In the Matter of Dahlberg, Inc. (United States District Court, District of Minnesota, Civ. No. 3-94- C-39, commenced January 25, 1994); Dahlberg, Inc. v. Federal Trade Commission (United States District Court, District of Minnesota, Civ. No. 4-94-54, commenced January 19, 1994). These two related actions arose out of a Federal Trade Commission (the “FTC”) request, in February 1992, that Dahlberg”Page 14 of the 2026 FDD, Item 3
Outcome: “Dahlberg did not admit any liability but agreed (i) not to violate the 1976 Consent Decree; and (ii) to pay $2.75 million to the government as civil penalties.”
In the Matter of Dahlberg, Inc. (voluntary compliance agreement with 36 State Attorneys General)
concludedGovernment or regulatory action · Dahlberg, Inc. (Item 1, p.10: 'our predecessor, Dahlberg, Inc.')
“In the Matter of Dahlberg, Inc. In addition, Dahlberg entered into a voluntary compliance agreement on April 5, 1994 with 36 State Attorneys General in response to an investigation by 15 State Attorneys General regarding certain features or performance characteristics of the “Clarifier” product.”Page 15 of the 2026 FDD, Item 3
Outcome: “... or characteristics; (iii) To appropriately disclose certain limitations of hearing aids in advertising containing performance claims, including any noise suppression capabilities; and (iv) To pay a total of $700,000 to the 15 investigating states for their attorneys’ fees and investigative costs, and consumer education and aid programs.”
Officers and directors (individuals, not the company)
Concluded (1)
CSW Strategic Solutions, LLC, et al. v. NTY Franchise Company, LLC, et al.
settledBrought by a franchisee · Pete Palmisano and Laura Tober (individuals disclosed in Item 2; officers of NTY Franchise Company at the time) · filed 2020-10-28 · American Arbitration Association · 01-20-0005-4271
“… American Arbitration Association, (File No. 01-20-0005-4271). On October 28, 2020, CSW Strategic Solutions and its owners (collectively, “Plaintiffs”) commenced arbitration against NTY Franchise Company (“NTY”), its affiliate, and various officers of NTY, including Pete Palmisano and Laura Tober, both of which were”Page 14 of the 2026 FDD, Item 3
Outcome: “Pursuant to a settlement agreement dated August 6, 2021, Defendants agreed to pay Plaintiffs $400,000 in damages, and the parties exchanged mutual releases.”
Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.
What are you signing up for?
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12 (territory), 15 (owner participation) and 17 (renewal, termination and disputes)
Contract and territory detail
| Protected territory | Yes |
|---|---|
| Exclusive territory | Yes |
| Territory size | “Exclusive Territory defined by zip codes/county lines based on target population; Initial Franchise Fee = $20,000 License Fee + $4,000 per 100,000 population in the Territory (minimum Territory Fee $10,000 for Territory up to 250,000 population).” |
| Franchisor can compete | Yes |
| Non-compete (years) | 2 years |
| Right of first refusal | Yes |
| Transfer requires consent | Yes |
| Mandatory arbitration | Yes |
| Arbitration location | Minneapolis, Minnesota |
| Governing law | Minnesota |
Items 10 (financing), 11 (training and support)
Training and operations
- Training location
- Franchisee's office or another location at Miracle-Ear's discretion; also virtual/webinar-based
- Ongoing training
- Required
- Time to open
- 2–6 mo
- From signing to launch (FDD p.36)
- Site selection
- Franchisor-approved, franchisee proposes with Miracle-Ear consultation and required approval
- POS system
- Sycle.net
- Operating tech stack
Items 5 (initial fees) & 11 (training and support)
Franchisor support
Item 20 (outlet counts) · call current owners
Franchisee contacts
Who can you call before you sign?
1,181 current outlets listed, run by 87 franchisee companies
Each record has the franchisee (company or owner name as the filing prints it), phone number, city and state. 1,181 records. From the filing's Item 20 (the outlet list); the FDD itself is the free source. Our list covers 1,181 of the 1,183 franchised outlets Item 20 counts at year end; the owner exhibit prints the rest without a usable phone number, or omits them.
For your own due-diligence calls only. Not for telemarketing, marketing lists, or automated or prerecorded calls or texts.
One-time · CSV download · full refund within 7 days if the data does not match the FDD. Some numbers, especially for former owners, may be outdated.
Frequently asked questions
How much does it cost to open a Miracle-ear franchise?
Per the 2026 FDD, the total investment to open a Miracle-ear franchise ranges from $120K to $403K, with an initial franchise fee of $30K. This is the Item 7 total in the Franchise Disclosure Document (FDD): the startup costs the franchisor lists, such as build-out, equipment, inventory and working capital. It usually leaves out buying land or a building; Item 7's notes say what is excluded.
What do Miracle-ear franchise owners earn?
According to Item 19 of the Miracle-ear FDD, average gross sales were $428K (1,008 outlets reporting; gross sales, not profit). The median is $368K. What an owner keeps depends on location, operating costs and management.
Who owns Miracle-ear?
Miracle-ear is franchised by Miracle-Ear, Inc. Its parent company is Amplifon (USA), Inc.. The ultimate parent named in the FDD is Amplifon S.p.A.. Source: FDD Item 1, 2026 filing.
What is Item 19 in the Miracle-ear FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Miracle-ear FDD and qualifies whose outlets they describe.
What is Miracle-ear's franchise failure rate?
There is no published franchise failure rate, and Miracle-ear has too few resolved SBA 7(a) loans on file (fewer than 10) to show an SBA charge-off rate that would mean anything. The SBA charge-off rate is the share of a brand's resolved SBA 7(a) loans to its franchisees that the SBA wrote off, including purchased guarantees. Resolved means paid in full or charged off; active loans are excluded because their outcome is not yet known. It is a lending outcome, not a count of closed businesses. Review the turnover and closure figures in Item 20 of the FDD and speak with current and former franchisees.
How many Miracle-ear franchise locations are there?
Per the 2026 FDD, Miracle-ear has 1,183 franchised units and 412 company-owned (1,595 in all). In the latest year, the number of franchised outlets fell by 9 (29 opened, 38 left the franchised system, 28 of them bought back by the franchisor).
Is Miracle-ear a good franchise to buy?
FranchiseVerdict gives Miracle-ear a B Verdict grade (Second tier) with a verdict score of 55 out of 100 (higher is better), an editorial assessment, not investment advice. Helped by scale, legal record and transparency. Held back by financial health (audited financials) and unit growth (-77 franchised outlets over the two years to 2025: 1,260 to 1,183, -6.1% in total, -3.1% a year compounded). The “Why a B” section on this page lists all six dimensions and any adjustment. Speak with current franchisees before making any investment decision.
Other Retail franchises
Similar investment first, then by grade
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.