The brand is on pace to bring in more than $60 million in network revenues this year.
The home remodeling industry is booming—more Americans are spending money on interior upgrades. And for Miracle Method, the largest professional bathroom and kitchen refinishing franchise in the country, that trend means record-breaking growth.
Miracle Method is consistently recognized as the brand to beat in the industry, and its impressive first half of the year explains why. Year to date, Miracle Method has made 11 growth-oriented transactions. The brand opened up three new franchises for business in Georgia, Arkansas and Minnesota, had four existing franchisees expand their territories by adding more units to their lineup and transferred ownership of four locations to new owners through franchise resales.
“Seeing as though we’ve been franchising since 1979, we are now helping many of our existing franchisees who have had successful businesses transition into retirement and sell their units to new owners. It’s a process that definitely helps Miracle Method grow. Those franchise resales bring fresh energy into the brand’s system and ultimately take successful businesses to the next level,” said Erin Gilliam, Miracle Method’s Marketing Manager.
Miracle Method’s successful start to 2016 doesn’t stop there — the brand is also on track to bring in record-breaking network revenues that top the $60 million mark. That’s a 12 percent increase over the brand’s system-wide performance last year.
“We couldn’t have asked for a better start to 2016. Our main goal is to help our franchisees succeed, and as the data shows, we’re making that mission a reality,” said Gilliam. “Miracle Method continues to separate itself in the competitive refinishing industry by offering unbeatable services at affordable prices.”
Miracle Method’s services are the best in the business — their cost effective, professional solutions can transform the entire look of any kitchen or bathroom. Customers can upgrade their outdated or damaged kitchen countertops, bathtubs or tile in just two days for about 75 percent less than the cost of replacement.
Going forward into the second half of 2016, Miracle Method will build on its impressive momentum. In fact, the brand has at least one new opening that’s already in the works, and there are three more franchise resales coming up over the course of the next few months.
“The American economy is strong right now, and it’s evident in the growth that Miracle Method has experienced so far in 2016. But it’s our proven system and extensive support model that continue to put us at the forefront of the refinishing industry,” said Gilliam. “We have the largest national footprint of any brand, and we’re confident that our reach will continue to grow. The fact that our franchisees are electing to expand their territories with us a great indicator that our system is healthy and headed in the right direction.”