Midas vs Walt's Auto World Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Walt's Auto World Franchise
Investment $198,650 - $539,512$135,000
Franchise Fee $35,000$15,000
Royalty Fee 10%4%
Advertising Fee included-
Year Founded 19561981
Year Franchised 19562000
Term Of Agreement 20 years10 years
Term Of Agreement 20 years10 years
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Walt's Auto World Franchise
Experience
  • General business experience
  • Financially capable
    		• -

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

    Number of employees required to operate - 9

    Absentee ownership of franchise is NOT allowed.

    		 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is allowed.

    Expansion Plans
     
    Midas Franchise
    Walt's Auto World Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    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 Walt's Auto World

    With Our Franchise We Offer *Site Selection And Real Estate Assistance. *Shop Design And Fixture Layout. *Extensive Hands On Training At Our And Your Location For Owners And Managers. *Training In Managing Your Employees. *A Detailed Operation/Training Manual That Covers All Aspects Of Your Business. *Promotional Assistance For Your Grand Opening. *Print And Broadcast Advertising Material. *Assistance Assistance. *Ongoing Assistance. *Store Visits And Telephone Support. *Exclusive Territorial Protection. *Marketing Techniques.