Midas vs Fabrion Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Midas vs Fabrion including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Midas Franchise
Fabrion Franchise
Investment $198,650 - $539,512$19,900 - $95,200
Franchise Fee $35,000$23,500 - $36,500
Royalty Fee 10%7%
Advertising Fee included-
Year Founded 19561987
Year Franchised 19561988
Term Of Agreement 20 years5 years
Term Of Agreement 20 years5 years
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Fabrion Franchise
Experience
  • General business experience
  • Financially capable
    		• -

    Financing Options
     
    Midas Franchise
    Fabrion Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Midas Franchise
    Fabrion Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsNewsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 50% of all franchisees own more than one unit

    Number of employees required to operate - 9

    Absentee ownership of franchise is NOT allowed.

    		 Franchise can be run from home.

    10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 3

    Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators)

    Expansion Plans
     
    Midas Franchise
    Fabrion Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Midas

    In 1956 Nate H. Sherman founded Midas to service mufflers and other exhaust system parts. Within a year, 100 Midas shops had been opened in 40 states. Today, Midas services shock absorbers, brakes, tires, batteries, radiators and heating and cooling systems. The company also manufactures and distributes parts for brakes, steering-suspension, muffler and exhaust systems.

    "Top  ""  "Entrepreneur
    #84 in Canada's Top franchises.

    "franchiserankingscom"
    #62 on Franchise Rankings.com
    #199 in Franchise 500 for 2020.
    #111 in Franchise 500 for 2021.







    About Fabrion

    In 1988, we began franchising Fabrion's exclusive repair and restoration systems. Today there are 118 Fabrion franchisees operating mobile repair and restoration units in major U.S. markets. The Fabrion franchise network is now servicing over 4,000 new car dealers at their used car facilities and achieves millions in annual sales. YOUR SUCCESS RIGHT NOW IS SITTING ON THE LOTS OF NEW CAR DEALERS WITH USED CAR FACILITIES, RENTAL CAR AGENCIES, TAXICAB AND BUS FLEETS, AND AUTOMOBILE AUCTION LOTS! With Fabrion's revolutionary restoration products and methods, you will have the confidence to sell our services to any business that sells, rents and maintains automobiles, buses and trucks. These businesses demand our high level of service because they know that the first impressions sell or rent a car, or whether a passenger will use their service again. For example in the U.S., in recent years, new car dealers have become increasingly aware that the sale of good clean used cars adds substantial profits to the bottom line. As a result, they are dependent upon selling used cars, and new car dealers are investing more money in reconditioning these automobiles. Car dealers realize they need their used car inventory looking and smelling almost new...because they know first impressions sell a car.
    Fabrion franchisees offer the car dealer the industry restoration standards for velour, fabric, carpet, leather, vinyl, and plastic to repair damage done by cigarette burns, cuts, tears, faded areas, stains and holes in all substrates, expertly. Franchisees also deodorize automobiles that smell of tobacco, mold or mildew, pet or other odor. A typical mobile service unit will establish repeat sales and service 15 to 25 accounts about four times per month. Repeat business is established and ALL WORK IS GUARANTEED IN WRITING!