Midas vs CarX Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
CarX Franchise
Investment $198,650 - $539,512$262,000 - $413,500
Franchise Fee $35,000$25,000
Royalty Fee 10%5%
Advertising Fee included5%
Year Founded 19561971
Year Franchised 19561971
Term Of Agreement 20 years15 years
Term Of Agreement 20 years15 years
Renewal Fee 50% of franchise fee-


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

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

    Training & Support
     
    Midas Franchise
    CarX 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
    CarX 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 CarX

    When you join the Car-X program, you become a Car-X franchisee - an independent entrepreneur with access to the expertise of a firmly established chain. You have the freedom to run your own business while sharing the resources of a proven franchise. With over 30 years experience, we have a network of successful franchisees and we pass along that cumulative knowledge and expertise to you. Nonetheless, it’s up to you to turn the power of our name and our systems of doing business into a successful operation.