Midas International Franchise

Detailed Information

Capital Required
$212,150 - $595,512

Liquid Capital
$75,000

Financing Assistance
Available Via Third Party

Training and Support
Available

CEO Name
William Helton

Existing Units
1177

Capital Required $212,150 - $595,512

Liquid Capital $75,000

Financing Available Via Third Party

Training & Support Available

CEO Name William Helton

Existing Units 1177

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Overview

Midas is proud to be a trusted, globally recognized leader in the automotive industry. As we continue to expand and build our reputation, we’re looking for motivated individuals to be a part of our family! Join the Midas team and build long-term success with the #1 automotive repair franchise.

As a Midas franchisee, you can experience the benefits of joining one of the most recognized names in the automotive market. Our worldwide brand awareness gives you and your business a competitive edge. We work hard every day to earn consumer trust by providing expertise, quality and value to every customer, every time. We’ve been a leader in automotive services for more than 65 years and have the knowledge and resources it takes to build long-lasting success.

Why Choose Us?

As a Midas franchisee, you will be able to:

  • Enjoy the challenge of growing your own business.
  • Oversee your business with full P & L responsibilities.
  • Optimize the shop operation for expected service demand.
  • Select, hire and train your very own top notch staff.
  • Represent Midas in your community through business associations, sponsorships and local charity outreach activities.
  • Engage with your customers through the Midas CRM system to promote offers and provide service reminders.
  • Strive to become the ‘shop’ your customers think of first when they think of servicing their vehicles.

Incentive Programs are now being offered for franchisees who open a new Shop or re-open a company-owned location. Visit our website for more details.

U.S. Veteran Discounts 50% off initial franchise fee for qualified candidates.

First Responder Discount 50% of initial franchise fee for qualified candidates.

Ideal Candidate

There are several ways for qualified candidates to enter the Midas franchise program, including the development of a new shop, purchase of an existing shop, conversion of your existing auto business or the purchase of a company owned Midas location.

Training And Support

Benefit from 65 Years of Midas Experience

Midas has been building a stellar reputation in the automotive service and repair industry for more than five decades. We want to help you succeed; before you open and as you continue to operate your shop Midas will help you with the following:

  • Business management system for your shop: Your shop management system is an integral part of the success of your business. With our effective system you will have access to powerful tools to help you manage a variety of functions from invoicing and estimating to inventory management and control, and much more.
  • New franchisee orientation: At the Midas training center in our corporate office, you will receive an introduction to the Midas retail platform, gain an understanding of our competitive advantages and learn the skills necessary to become our customers’ choice for automotive service.
  • Ongoing training and training resources: You can count on our training staff to assist you with the planning, coordination and delivery of a variety of types of training for you and your staff.
  • Operational support: Field support is provided through a network of Franchise Business Managers and Shop Operations Managers throughout North America who act as a liaison with Midas corporate.
  • Development support: Franchise and real estate staff work with franchise owners to identify expansion opportunities and offer guidance during the site selection process. Construction and project managers provide shop design assistance and prototypical floor plans.
  • Optimizing and marketing your business: We provide a variety of innovative and proven resources and campaigns that will position your business as the auto service shop of choice for consumers in your area.

Disclaimer

(1) This number is an historic financial performance representation reflecting the average of franchisee net income on an annual basis for the 2020 calendar year of the top quartile of all Midas Shop outlets (in terms of total income) that operated for at least 12 consecutive months as of December 31, 2020, and who furnished financial data to us for the year that we believe to be reliable (the “2020 Top Quartile Stores”). The 2020 Top Quartile Stores include 60 outlets, of which 28 (or 47 percent) exceed the average net income of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the year 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees and other financial data of these shops that was submitted to us. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. See Item 19 of the Midas 2021 FDD for further information.

(2) This number is an historic financial performance representation reflecting the average of franchisee gross revenues on an annual basis for the 2019 and 2020 calendar years of the top quartile of all Midas Shop outlets that operated for at least 24 consecutive months as of December 31, 2020, and who reported sales for each month of the 2019 and 2020 years (the “2019/2020 Top Quartile Stores”). The 2019/2020 Top Quartile Stores include 228 outlets, of which 72 (or 32 percent) exceed the average total revenues of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the years 2019 and 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. See Item 19 of the Midas 2021 FDD for further information.

Add to Request List Added to List

Get Free Information about this great opportunity!

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Detailed Information

Capital Required
$212,150 - $595,512

Liquid Capital
$75,000

Financing Assistance
Available Via Third Party

Training and Support
Available

CEO Name
William Helton

Existing Units
1177

Capital Required $212,150 - $595,512

Liquid Capital $75,000

Financing Available Via Third Party

Training & Support Available

CEO Name William Helton

Existing Units 1177

 

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