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Updated RecentlyMidas vs Saf-T Auto Centers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Midas vs Saf-T Auto Centers 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 | $85,000 - $100,000 |
| Franchise Fee | $35,000 | $15,000 |
| Royalty Fee | 10% | $500/mo. |
| Advertising Fee | included | - |
| Year Founded | 1956 | 1978 |
| Year Franchised | 1956 | 1986 |
| Term Of Agreement | 20 years | 10 years |
| Term Of Agreement | 20 years | 10 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/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, 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, 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. |
International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
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 Saf-T Auto Centers
Founded in 1978, SAF-T Auto Centers are providing auto technicians a means to earn an independent living doing what they do best - repair cars.