Midas vs Car-X Auto Service Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Car-X Auto Service Franchise
Investment $198,650 - $539,512$214,000 - $326,000
Franchise Fee $35,000$25,000
Royalty Fee 10%5%
Advertising Fee included-
Year Founded 19561971
Year Franchised 19561973
Term Of Agreement 20 years15 years
Term Of Agreement 20 years15 years
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Car-X Auto Service Franchise
Experience
  • General business experience
  • Financially capable

  • General business experience
  • Managerial skills
    		•

    Financing Options
     
    Midas Franchise
    Car-X Auto Service Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    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
    Car-X Auto Service Franchise
    Training -Available at headquarters, Available at franchisee's location
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsMeetings, 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, 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.

    		 58% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 5

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

    Expansion Plans
     
    Midas Franchise
    Car-X Auto Service Franchise
    US Expansion -Yes
    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 Car-X Auto Service

    Dedicated to serving you for almost 30 years, Car-X Auto Service is more than just a place that repairs your vehicle. In fact, Car-X prides itself on providing you with a commitment to our Five Star Service. We began franchising in 1973 and have grown to become one of the dominant brands for undercar service in the midwestern U.S. Income opportunities are provided primarily by brakes, exhaust, road handling, steering systems, tune-ups, air conditioning, tires and oil changes for all makes of cars and light trucks.
     

    Car-X franchise owners have the freedom to run their own businesses while sharing the resources of a proven and trusted brand with almost 50 years of experience. Advantages of joining the Car-X Family include (but are not limited to):

    • Brand recognition and outstanding customer retention rates
    • Start-up assistance and continued support
    • Negotiated vendor pricing and buying power
    • Technical onsite and online team training programs
    • Marketing and advertising support
    • Lowest royalty and start-up fees in the industry