Midas vs CARSTAR Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
CARSTAR Franchise
Investment $198,650 - $539,512$298,200 - $804,300
Franchise Fee $35,000$20,000 - $30,000
Royalty Fee 10%1.5%
Advertising Fee included1%
Year Founded 19561989
Year Franchised 19561989
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


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

    Financing Options
     
    Midas Franchise
    CARSTAR 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
    CARSTAR Franchise
    Training - On-The-Job Training: 12 hours Classroom Training: 20 hours Additional Training: Regional training, 1-2 days; Ongoing training at franchisee's location as needed
    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 advertisingCo-op Advertising Ad 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.

    		Absentee Ownership Allowed

    Number of Employees Required to Run: 8 - 9

    Expansion Plans
     
    Midas Franchise
    CARSTAR Franchise
    US Expansion -Yes
    Canada Expansion NoYes
    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 CARSTAR

    CARSTAR is a champion of the independent collision repair operators, consequently, CARSTAR is the largest automotive collision repair franchise in North America. The well publicized industry dynamitics: declining repair opportunities, acceleration in shops being de-selected from Insurance referral programs, excess repair capacity, increased competition from Multi-Shop Operators and Consolidators, and scarcity of skilled labor, has changed how the Independent Collision Repair Operator needs to conduct business. The CARSTAR Franchise program offers many solutions to these and other issues in which you and your business may be facing. We believe we are the champion for quality Independent shops, providing effective training solutions, staying involved in National and Local Industry Associations and developing sale and marketing programs to help our Franchisees compete in this turbulent market.

    CARSTAR leverages the purchasing power of Driven Brands to provide tremendous benefits for our CARSTAR store owners. Nearly 50 corporately managed purchasing programs provide our CARSTAR partners on average $25,000 or more in cost savings and rebates. With larger volume stores easily surpassing that amount in rebates. Store owners also benefit from a national fleet program, top vendor partnerships and support from national service providers.

    The total investment necessary to begin operation of a conversion CARSTAR franchise is $23,500 to $165,300. This includes $10,000 to $20,000 that must be paid to the franchisor or affiliate. The total investment necessary to begin operation of a new (ground-up) CARSTAR franchise is $298,200 to $804,300. This includes $10,000 to $20,000 that must be paid to the franchisor or affiliate.

    "Top""  "Entrepreneur
    #17 in Canada's Top franchises.
    #120 in Franchise 500 for 2020.
    #164 in Franchise 500 for 2021.