Miracle-ear vs Plato’s Closet®
Franchise Comparison 2026
Both Miracle-ear and Plato’s Closet® are retail franchises. Miracle-ear requires an investment of $120K – $403K while Plato’s Closet® requires $356K – $468K. In terms of revenue, Plato’s Closet® reports higher average unit revenue at $1.3M. On SBA loan performance, Miracle-ear has a lower charge-off rate (0.0%) compared to Plato’s Closet® (2.1%). FranchiseVerdict rates Miracle-ear A (Strongest tier) and Plato’s Closet® A (Strongest tier).
| Metric | Miracle-ear | Plato’s Closet® |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | AStrongest tierStrongest tier |
| Investment Range | $120K – $403K | $356K – $468K |
| Franchise Fee | $30K | $25K |
| Royalty Rate | Flat monthly fee ($104.15/month per FT or PT location; $41.21/month per service location) plus per-unit fees ($48.80 per Miracle-Ear hearing aid, $30.15 per AudioTone Pro) - not a percentage of gross sales. | 5.0% |
| Average Revenue (Item 19) | $428KOutlet subset | $1.3M |
| SBA Charge-Off Rate | 0.0% (10 loans) | 2.1% (229 loans) |
| Total Units | 1,595 | 526 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1984 | 1999 |
| FDD Year | N/A | 2026 |
Investment Range
$120K – $403K
$356K – $468K
Franchise Fee
$30K
$25K
Royalty Rate
Flat monthly fee ($104.15/month per FT or PT location; $41.21/month per service location) plus per-unit fees ($48.80 per Miracle-Ear hearing aid, $30.15 per AudioTone Pro) - not a percentage of gross sales.
5.0%
Average Revenue (Item 19)
$428KOutlet subset
$1.3M
SBA Charge-Off Rate
0.0% (10 loans)
2.1% (229 loans)
Total Units
1,595
526
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1984
1999
FDD Year
N/A
2026