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Midas

For over 60 years, Midas has been a […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 1954
Category Locations: N/A
Available Ownership Type: N/A
Corporate HQ City:
Corporate HQ State:
Investment Range: $103,650
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Royalty Percentage: 2%-10%%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

A Trusted Name in Auto Repair: Learn About the Midas Franchise Opportunity

For over 60 years, Midas has been a leading name in automotive services, earning a reputation for quality, expertise, and customer trust. They offer a wide range of services, including tire repair, brake repair, oil changes, and other essential auto maintenance. Midas has grown into a global brand with over 2,000 locations worldwide, including over 900 in the United States.

From Mufflers to Full-Service Auto Repair

While Midas started out primarily focused on mufflers, they have evolved over time to become a comprehensive auto repair provider. Today, they are one of the most respected names in the industry, offering a wide array of services to meet the needs of their customers.

What Does a Midas Franchise Offer?

As a Midas franchisee, you'll have the opportunity to:

  • Sell and install brake components, exhaust systems, heating and cooling parts, suspension parts, batteries, tires, and more.
  • Provide general and vehicle maintenance services.
  • Build a strong team by selecting, training, and hiring skilled staff.

Why Choose a Midas Franchise?

Midas is known for providing exceptional support to their franchisees, offering:

  • Comprehensive training programs
  • Financial assistance to help you get started
  • Ongoing operational, development, and marketing support
  • Powerful tools for managing your business, including estimating, invoicing, and inventory management

Midas' commitment to their franchisees is reflected in their consistent ranking in Entrepreneur's Franchise 500, a prestigious list based on factors like financial strength, brand strength, and franchisee support.

Who is a Good Fit for a Midas Franchise?

Midas is looking for passionate individuals who are excited about owning and operating their own business. They value people who are committed to providing exceptional customer service and building a thriving business. If you're ready to invest in your future and become part of a respected brand, a Midas franchise may be the right fit for you.

The Midas Franchise Investment

To become a Midas franchisee, you will need to make an initial investment that includes a franchise fee and other startup costs. You'll also need to be prepared for ongoing fees, such as advertising, royalty, and potential renewal fees. Midas also has specific requirements regarding net worth and liquid capital.

How to Get Started

If you're interested in learning more about the Midas franchise opportunity, start by visiting their website or contacting them directly. If you decide to apply, the process usually involves an interview to discuss your business goals and preferred location options.

Training is a crucial part of the process and is typically conducted in two phases. The first phase includes observing an operational Midas shop, analyzing local competition, and developing a business plan. The second phase is an instructional program at Midas headquarters in Palm Beach Gardens, Florida, where you will receive in-depth training on all aspects of running a Midas franchise.

Support & Training offered by Midas

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Additional Information

Category Location N/A
Number of Units Open 1,938 (as of 2023)
Investment Range $103,650 - $885,640
Master Franchise N/A
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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