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Updated RecentlyMidas vs Automotive Maintenance Solutions Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Midas vs Automotive Maintenance Solutions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $198,650 - $539,512 | $118,100 - $175,600 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 10% | 7%/mo. |
| Advertising Fee | included | - |
| Year Founded | 1956 | 1962 |
| Year Franchised | 1956 | 2002 |
| Term Of Agreement | 20 years | 7 years |
| Term Of Agreement | 20 years | 7 years |
| Renewal Fee | 50% of franchise fee | - |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | 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. |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Midas
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About Automotive Maintenance Solutions
Two generations of the Sheldrick family have contributed to the success of the system. After the first location opened in the 60’s, people have learned a lot about quality automotive service. Back then, the Sheldrick’s had to teach people about the value of regular automotive maintenance services, in general. Now, our reputation is so solid, we grow our business daily by word-of-mouth! The Sheldricks were not planning to sell just any common oil change. They researched the market and the competition and decided that performing complete automotive maintenance actually increased the performance of their customers vehicles. Our market holds over $70 Billion in Un-Performed maintenance service! Think of the potential for AMS locations to capture this business. From it’s inception, AMS has built a structured system that will enable each franchisee to maximize their potential. Our goal is not just to sell franchises, we want you to be successful! We invite you to compare the AMS franchise system to other opportunities and make an intelligent choice. It is our hope that you will see that we are offering more than a product to sell, we are offering a franchise system that works because our structure is built on a sound foundation of integrity and quality.