Midas vs Collision on Wheels Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Collision on Wheels Franchise
Investment $198,650 - $539,512$75,000 - $195,000
Franchise Fee $35,000$49,000 - $100,000
Royalty Fee 10%10%
Advertising Fee included7%
Year Founded 19561989
Year Franchised 19562006
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Collision on Wheels Franchise
Experience
  • General business experience
  • Financially capable
    		• -

    Financing Options
     
    Midas Franchise
    Collision on Wheels Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Midas Franchise
    Collision on Wheels Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks, National media, 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.

    		-

    Expansion Plans
     
    Midas Franchise
    Collision on Wheels Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    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 Collision on Wheels

    Come and Be a Part of Collision on Wheels Collision on Wheels is a unique type of franchise specializing in a niche market of the automotive repair industry. It is a collision auto body shop on wheels, in which the repair shop travels to the customer. CW specializes in minor dent repairs, which are bumped out and expertly painted so the vehicle appears like new. Quick Look into Our Background Join a Growth Sector Collision on Wheels is part of a growth sector, because it capitalizes on Americans' love of their automobiles, especially in the appearance and preservation of their vehicles to retain resale value. Collision on Wheels saves consumers time through their on-site repairs, and because they have little overhead, they pass the savings onto consumers with reasonable prices. In fact, they charge 20 to 50 percent less than the typical auto body shop for repairs. All are reasons why this franchise may be the perfect opportunity for you. Want More Information About a Franchise? If you would like to learn more about owning a Collision on Wheels franchise, let's talk! We would like to show you how your skills, experience and our system can quickly add up to a bright future. The benefits are: * You own your own business * No automotive experience is necessary * Medium investment required * Superior training * Investment includes equipment, plus initial working capital * Many open territories Collision on Wheels is offering this unique business opportunity to parties interested in a great service business, the mobile collision auto body shop business. We welcome your interest.