Midas vs Lentz U.S.A. Service Centers Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Lentz U.S.A. Service Centers Franchise
Investment $198,650 - $539,512$114,000 - $130,000
Franchise Fee $35,000$20,000
Royalty Fee 10%to 7%
Advertising Fee included-
Year Founded 19561983
Year Franchised 19561989
Term Of Agreement 20 years10 years
Term Of Agreement 20 years10 years
Renewal Fee 50% of franchise fee25% of original fee


Business Experience Requirements
 
Midas Franchise
Lentz U.S.A. Service Centers Franchise
Experience
  • General business experience
  • Financially capable

  • Marketing skills
    		•

    Financing Options
     
    Midas Franchise
    Lentz U.S.A. Service Centers 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/No
    Payroll No/NoNo/No

    Training & Support
     
    Midas Franchise
    Lentz U.S.A. Service Centers Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsNewsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    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.

    		 40% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Midas Franchise
    Lentz U.S.A. Service Centers 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 Lentz U.S.A. Service Centers

    For over 40 years, Lentz USA has been providing the highest quality automotive service to Michigan residents. Lentz USA can help you with new brakes, oil change, new mufflers, shocks, upgraded struts, and more. Simply, we want to be your complete auto service center! We have earned the trust of hundreds of satisfied customers.