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Updated RecentlyMidas vs The Collision Shop Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Midas vs The Collision Shop 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 | $150,000 - $175,000 |
| Franchise Fee | $35,000 | $35,000 |
| Royalty Fee | 10% | 6%/wk. |
| Advertising Fee | included | - |
| Year Founded | 1956 | 1992 |
| Year Franchised | 1956 | 1993 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 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/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| 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 | - |
| 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. | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
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.
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#84 in Canada's Top franchises.
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#62 on Franchise Rankings.com
#199 in Franchise 500 for 2020.
#111 in Franchise 500 for 2021.
About The Collision Shop
At THE COLLISION SHOP, we make it easy for you to own your own Auto Body & Paint Franchise.
From the initial store set up to the hiring of the employees. THE COLLISION SHOP makes it a pleasant and rewarding experience.
If you are ready to make the move to becoming your own boss, contact us today and learn why THE COLLISION SHOP is the number one Auto Body & Paint Franchise.
AUTO BODY & PAINT FRANCHISE
*NO EXPERIENCE NECESSARY
*Turn-Key Operation
*Computerized Estimating
*Easy Computerized Accounting System
*Financing Available
*Great Family Business
*Be Your Own Boss
*Success In Any Economy
*On-going Local Support
*Includes All Equipment
*Existing Locations Available
*One Month Training
*Technical Support
*Proven System