Midas vs Line-X Corp. Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Line-X Corp. Franchise
Investment $198,650 - $539,512$130,263 - $373,296
Franchise Fee $35,000$15,000 - $30,000
Royalty Fee 10%-
Advertising Fee included10c/Lb.
Year Founded 19561993
Year Franchised 19561999
Term Of Agreement 20 years10 years
Term Of Agreement 20 years10 years
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Line-X Corp. Franchise
Experience
  • General business experience
  • Financially capable

  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Midas Franchise
    Line-X Corp. Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    Midas Franchise
    Line-X Corp. Franchise
    Training - On-The-Job Training: 80 hours Classroom Training: 40 hours Additional Training: At training center: 1 week, online training
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection
    Marketing Co-op advertising, Ad slicks, National media, Regional advertisingCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations 50% of all franchisees own more than one unit

    Number of employees required to operate - 9

    Absentee ownership of franchise is NOT allowed.

    		 5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    Expansion Plans
     
    Midas Franchise
    Line-X Corp. 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 Line-X Corp.

    LINE-X is an industry leader in high performance protective coatings, offering specifically formulated polymers that permanently bond to a wide range of surfaces for unmatched durability. LINE-X products are used in automotive, commercial, light industrial, heavy industrial, agricultural, military, marine and custom applications.
    LINE-X has more than 550 retail locations worldwide. LINE-X offer's the advantages of a nationally recognized name, a proven product, hands-on training, and a state-of-the-art equipment and application process that are geared towards business success. You too can make your own LINE-X success story in today's expanding light industrial market. Your LINE-X business opportunity includes these exciting benefits
    - A proven business model
    - Non-Royalty based franchise
    - Protected territory
    - Affordable business opportunity
    - Site selection support
    - Cutting-edge training
    - Onsite mentoring the first week of opening your business
    - Ongoing operational support
    - Marketing and promotions support.
    Veteran Incentives  $7,500 off franchise fee


    "Entrepreneur
    #327 in Franchise 500 for 2020.
    #365 in Franchise 500 for 2020.