Midas vs Top Value Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Top Value Franchise
Investment $198,650 - $539,512$125,000
Franchise Fee $35,000N/A
Royalty Fee 10%-
Advertising Fee included-
Year Founded 19561977
Year Franchised 19560
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


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

    Financing Options
     
    Midas Franchise
    Top Value 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
    Top Value 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
    Top Value 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 Top Value

    Top Value provides all automotive maintenance and repair services for your vehicle including major/minor engine repair, brakes, mufflers, exhaust systems, shocks, suspensions, drive trains, air conditioning, and other services and repairs for cars and trucks.

    Top Value offers its customers a large menu of services. Services and support range from the repair of the "underside" of cars and trucks to full service repair of items found "under the hood." Items like: 
     
    Brakes, Clutches, Radiators, Suspensions, Drive Train Components, Engine Repair, Mufflers, Springs, Electrical, Exhaust Pipes, Heating/cooling, Shocks/Struts, Constant Velocity (CV) Joints, Alternators, Drive Shafts, Belts/Hoses, And more. . .