Midas vs Ice Cold Air Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Ice Cold Air Franchise
Investment $198,650 - $539,512$15,000 - $25,000
Franchise Fee $35,000N/A
Royalty Fee 10%-
Advertising Fee included-
Year Founded 19561999
Year Franchised 19561999
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Ice Cold Air Franchise
Experience
  • General business experience
  • Financially capable
    		• -

    Financing Options
     
    Midas Franchise
    Ice Cold Air 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
    Ice Cold Air 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
    Ice Cold Air 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 Ice Cold Air

    Ice Cold Air Franchises are Full-Service auto repair facilities and are the only auto repair franchises that require little or no investment from the Franchisee at startup.
    Ice Cold Air was built on a foundation of a family owned and operated auto repair business and continues with those same values. Our Company History dates back to 1969 when our founder opened a shop in Orlando Florida calibrating speedometers. Quickly the speedometer customers began asking for more services and the business known as Ice Cold Air was born. Specialty auto air conditioning in Florida was a great concept waiting to happen. Over the next 30 years, auto air conditioning came to represent 50% of our total annual service. Operations moved to Clearwater Florida in 1977, and more locations were added to the family. This was a turning point for the company and it was during this time that many of our fun and off-the-wall marketing campaigns were born.