Midas vs Advanced Maintenance Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Advanced Maintenance Franchise
Investment $198,650 - $539,512$132,350 - $185,100
Franchise Fee $35,000$35,000
Royalty Fee 10%6%
Advertising Fee includedto 1.5%
Year Founded 19562000
Year Franchised 19562005
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Advanced Maintenance Franchise
Experience
  • General business experience
  • Financially capable
    		• -

    Financing Options
     
    Midas Franchise
    Advanced Maintenance Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/NoYes/-
    Payroll No/NoYes/-

    Training & Support
     
    Midas Franchise
    Advanced Maintenance Franchise
    Training -Our business system provides a standardized operational "blueprint" for developing and operating this first rate, highly specialized vehicle fleet maintenance company. We will train you how to use it! Targeted, meaningful and in-depth, our ongoing training brings to bear the collective knowledge of our experienced team of professionals. It has been carefully crafted to prepare you to face the challenges of operating this exceptional business, including how to identify, hire and develop outstanding service technicians. Franchisees will also benefit from our expert guidance in site selection and marketing. A detailed operations manual will provide you with a ready reference to our daily operational procedures. Above all, the seasoned professionals at Advanced Maintenance are available to share their hands-on industry insight and experience with you.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsPurchasing 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 advertisingAd Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations 50% of all franchisees own more than one unit

    Number of employees required to operate - 9

    Absentee ownership of franchise is NOT allowed.

    Number of employees needed to run franchised unit: 4 - 12. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

    Expansion Plans
     
    Midas Franchise
    Advanced Maintenance 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 Advanced Maintenance

    Own your own business in a growing and vitally important industry, On-Site Vehicle Fleet Maintenance.
    The professionals at Advanced Maintenance® bring hands-on industry experience to the table. Our seasoned managers have up close and personal insight into what Advanced Maintenance does and how we do it, and are eager to share their specialized knowledge with you. Joining this accomplished team can help you get your new business off to the right start, with the kind of competitive edge you're looking for.

    #40 on Entrepreneur's ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees

    Seeking new franchise units throughout the U.S., Canada, Central America, Eastern Europe, Middle East, Mexico, Philippines and South America    

    Veteran Incentives  $5,000 off franchise fee