Zounds Hearing Aids - Franchise
Zounds Hearing is a leader in the design, manufacture, and marketing of hearing aids. Now you can own your own Zounds Hearing franchised outlet. This is a fast growing industry, and as the population ages, more people will need hearing assistance! You can be a part of and earn in the hearing industry!
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $100,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $300,000 What does Net Worth mean? |
| Total Investment: | $150,000 - $200,000 What does Total Investment mean? |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | 10% off Franchise Fee |
Franchisor Details
Facts about this franchise:
| Total Units: | 90 |
|---|---|
| Home Office: | Phoenix, AZ |
| Year Founded: | 2009 |
What Does a Zounds Hearing Aids Franchise Cost?
To buy a franchise with Zounds Hearing Aids, you'll need to have at least liquid capital of $100,000 and a minimum net worth of $300,000. Franchisees can expect to make a total investment of $150,000 - $200,000. They also offer financing via 3rd party as well as a discount for veterans (10% off Franchise Fee) . *
The Zounds Hearing Story
Zounds was founded by Sam Thomasson, an Engineer and entrepreneur who has spent his career developing new technologies in the medical device and consumer electronics industries. Sam is also the father of a hearing impaired teenage daughter and has witnessed the problems associated with today’s hearing aids. Sam promised his daughter that he would develop a hearing aid to address the key problems common with other high-end hearing aids. Zounds’ breakthrough technology is the fulfillment of a father’s promise to his daughter and the solution for dissatisfied hearing aid users around the world.
Zounds utilizes a combination of internally developed and exclusively licensed technology from Acoustic Technologies, Inc., where Sam Thomasson is the founder and former CEO. At Acoustic Technologies, Sam created high-performance semiconductor chips and related software with low power usage algorithms that dramatically improved voice and sound quality in cell phones, video phones, desktop phones, conference call phones and automotive communication systems. For Sam, it was a logical extension to leverage this superior technology at Zounds.
Zounds' goal is to offer a portfolio of hearing aids and wireless devices that provide the world's best performing technology at an affordable price to anyone with a mild, moderate, or moderate/severe hearing loss.
Key Highlights
- High gross margins with markups of up to 3X.
- You get paid immediately since most customers pay by check or credit card.
- Store hours are M-F 9-5. Get your weekends back.
- Recession resistant business.
- The senior population will increase 40% from 2000 to 2015. Senior oriented businesses are going to flourish for years to come.
- Zounds is the technology leader with 57 patents.
- Zounds is the cost leader with direct from the manufacturer pricing.
- Exclusive territory, only you can have a Zounds store within your territory.
- Low cost store location with only 600 to 1000 square feet needed.
- High profit potential with very low cost of ownership.
- Better product at a lower price with a high margin is a winning combination in this economy.
Financial Terms:
Total Investment: $200,000 (Turn- Key) Minimum Net Worth: $300,000 Franchise Fee: $40,000 (included in total investment) Royalty: 5% Average Number of Employees: 2 Passive Ownership: Yes Home Based: No B2B: No Master Franchise Opportunities: No Site Selection Assistance: Yes Lease Negotiation Assistance: Yes Recruiting Assistance: Yes Co-Operative Advertising: Yes
Training Support
You and your staff will attend “Zounds University” for extensive training prior to opening. You also have access to ongoing training via webinars, weekly Franchisee calls and direct support from a dedicated operations manager.
Zounds locations are open Monday through Friday, 9:00 – 5:00. You only schedule appointments on weekends when you want to. Stores are staffed with a Hearing Specialist and a Customer Service Representative, so you do not need to manage a large staff. Many franchisees train to work as a Hearing Specialist in their own stores, while others run their front office.
Availability
Zounds Hearing Aids is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $100,000 in liquid capital to invest.
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