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Updated RecentlyMidas vs Precision Tune Auto Care Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Midas vs Precision Tune Auto Care 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 | $127,000 - $253,600 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 10% | 7.5%-6% |
| Advertising Fee | included | 1.5% |
| Year Founded | 1956 | 1975 |
| Year Franchised | 1956 | 1978 |
| 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 | Yes/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | On-The-Job Training: 4 hours Classroom Training: 46.5 hours Additional Training: Ongoing upon request |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | Absentee Ownership Allowed Number of Employees Required to Run: 5 - 8 |
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 Precision Tune Auto Care
Precision Tune Auto Care began as a small tune-up shop in Beaumont, TX and has grown to 350+ service centers operating in eight countries. We are a recognized world leader in the automotive service industry. Our service centers perform diagnostics, scheduled maintenance and auto repairs. Our brand proposition can best be described as a successful combination of “customer care” and “car care” services. On top of all that, higher gas prices work to our advantage as people are servicing and repairing their vehicles instead of purchasing new ones.
Of course, our franchisees have played a major role in the success of Precision Tune Auto Care. To help our franchisees operate successfully and to meet the challenges of today’s marketplace, we provide them with proven operating systems giving them every opportunity to succeed. Our value proposition includes (but is not limited to) the following:
Nearly 40 Years of International Franchise Success World Class Management.
Sales & Technical Training .
Turn-Key Marketing & Advertising Programs.
National Vendor Partnerships.
Proven Proprietary POS System.
24/7 Intranet Community.
National & Local Support.
Powerful Brand Proposition .
Proven Business Model.
Continuous Research & Development.
U.S. and international franchise opportunities are currently available.