Audiology and Hearing Device Clinics
InnerScope Hearing Technologies' Corporate Owned Audiologcal & Hearing Aid Centers
InnerScope continues its’ strategy to disrupt the 5-billion-dollar brick and mortar hearing aid and delivery sales model in the United States through acquisition and/or building new hearing aid retail locations
Currently, the 5-billion-dollar retail hearing aid industry have an estimated 17,000+ HCPs and 15,000 brick and mortar audiological clinics and retail hearing aid locations across the U.S. Which nearly most of these locations operate as a traditional professional brick and mortar hearing aid sales model. Under the traditional brick and mortar hearing aid sales model, the HCPs conducts hearing tests to assess each person’s hearing deficiencies, selects appropriate hearing aids based on hearing and lifestyle needs, provides counsel and realistic expectations, programs and adjusts hearing aids based on hearing and lifestyle needs, provides warranty service and regular maintenance service of hearing aids (“Bundle Services”). The services that the HCPs provide are typically bundled within the price of the hearing aids. The traditional bundling of services drives the cost of a pair of hearing aids for the consumer to an average of over $4,600 according to the 2015 President’s Council of Advisors on Science and Technology (PCAST)
This current brick and mortar hearing aid and delivery sales model is ultimately controlled by six major hearing aid manufactures in the world (soon to be five). This small number of hearing aid manufactures with virtually no competition or competitive market pressure for reducing their margins and especially, since over 95% of all the hearing aid devices sold by the HCPs are one these six global hearing aid manufactures, the consumer has no choice but to pay the high cost under this current traditional sales and delivery model.
InnerScope has developed an alternative to the brick and mortar delivery model for consumers. By incorporating its Direct-To-Consumer hearing aid sales model into the HCPs traditional brick and mortar sales model, creating a new hybrid model. This new hybrid hearing aid retail sales model will be Value Audiology Unique Selling Proposition (“USP”), while not sacrificing HCP’s Bundled Services for the consumer. Consumers will have the ability to either choose from InnerScope’s FDA-Registered hearing aids at more affordable factory direct pricing for the same technology and features.
A Proven Process for New Locations & Operation of Audiological Clinics
Sustainable Success for Any Market
The InnerScope Founders have developed a proprietary process as well as a proven track record in “opening new locations” and operating locations in many different markets within the continental US. The average cost to open a new location has been as low of 40K to as high as 100K.
These locations have generated immediate revenues the first two months of 100k to 200K and continue to be profitable and generate annual gross revenues between 750k to 2M per location. This process and its success can implemented in ANY market in the United States.
Growth in the Private Sector
The hearing aid market is currently trending to grow throughout the US.
From 2011 to 2050 there will be approximately 10,000 Americans turning 65 years old every single day. 2 to 3 out of 5 of these people at the age of 65-year-old and 1 out of 5 of people between 55 and 65 years old has a significant hearing loss to be able to benefit from hearing aids.
Because of this statistic, 95% of the hearing aid retailer’s sales is generated from people at age 55 years or older who purchase hearing aids.
This suggests that the overall picture of the trending growth of the hearing aid market is due to the aging population of the Baby Boomers which is starting to make their effects known on the US market.
Personal Industry Experience
The principles of InnerScope have personally experienced this trending of growth over many years and have specific expertise and a proven track record of successfully building and opening retail stores in multiple markets throughout the nation.
This specific hearing aid industry expertise and their proprietary market analysis is the quintessential competitive edge which sets them apart from other businesses in the retail hearing aid industry.
General Build-Out Method
InnerScope has a turn-key process that does all the heavy lifting for a seamless transition into operation.
- Site Selection (based on InnerScope’s proprietary market demographic analysis)
- Lease Negotiation (if needed)
- Medical / Professional Build-Out & Design
- Strip Mall or Shopping Mall Build-Out & Design
- Warm Shell / Cold Shell Build-Out
- Contractor / Architect Selection / Obtaining all Permits (including signage permits)
- Set-Up / Order Specialty Audiological Equipment and Supplies (if needed)
- Install / Order Sound Booth (if needed)
- IT Services – Computers / Phones / Audio Visual
- Set-Up / Order Cabinetry / Furniture / Office Supplies / Office Décor
Recent Before & After Custom Build Out Location Pictures:
Contact Us Today
InnerScope Hearing Technologies has a proven track record of disrupting well-established markets within the Unites States of America with our products and services within a matter of months not years, can go from newcomer in the market to Market Leader, turning the competition in the market irrelevant. InnerScope Hearing Technologies is now deploying our products and services on the Global stage to help the 360+ Million people around the world suffering from some form of Hearing Impairment in any & all situations.
Contact Us Today if you would like to use any of our innovative products and services