Midas vs Mikes Master Mechanics Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Mikes Master Mechanics Franchise
Investment $198,650 - $539,512$122,000 - $400,000
Franchise Fee $35,000$30,000 - $345,000
Royalty Fee 10%6%
Advertising Fee included1%
Year Founded 19562002
Year Franchised 19560
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Mikes Master Mechanics Franchise
Experience
  • General business experience
  • Financially capable
    		• Automotive knowledge is helpful, but not necessary. Strong Marketing and Communication Skills. Experience in Sales and Business Operations. The ability to manage and motivate a team of employees. Strong Organizational skills and ability to follow a proven system Desire to Build a Successful Business while servicing your community.

    Financing Options
     
    Midas Franchise
    Mikes Master Mechanics 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
    Mikes Master Mechanics Franchise
    Training -Operational/Management Training In-Store Training Hiring Assistance Customer Satisfaction Training Quality Assurance Procedures Accounting Systems Training Acquiring Wholesale Accounts Insurance Selection Warranty Programs Proprietary Software Training Advertising/Marketing Best Practices
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsSite Selection Assistance Facilities Design Lease Negotiation Assistance Source for Financing New Business Start-Up Planning Training Support
    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
    Mikes Master Mechanics Franchise
    US Expansion -Yes
    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 Mikes Master Mechanics

    We've changed how franchisees are treated. Most automotive franchisors prey upon their franchisees, leaving them scrambling to survive. We believe we'll be more successful if our franchisees are successful. Mike's Master Mechanics has developed a few distinctly different ways for people to take advantage of the growing need for automotive service and opportunities franchising has to offer. Area Developer Area Developer programs are well-suited for business executives who enjoy coaching and assisting others succeed while financially benefiting for these efforts. Area Developers share in the franchise income and royalties collected within their territories. These financial rewards can be tremendous but the benefits are many and include: Career Flexibility Career Prestige Satisfaction of Helping Others Multiple Revenue Options Single & Multi-Unit Franchisee Single and multi-unit franchise options are for those who wish to own and operate their own business and take control of their own financial future. A Mike's Master Mechanics franchise is a great vehicle for wealth building, career security and freedom from corporate politics. One very unique feature offered within a Mike's Master Mechanics franchise is the opportunity of owning the real estate your business uses. This can add greatly to your financial security and wealth building strategies and is almost unheard of for most service franchises that reside in strip malls or shopping centers. There is no better time to invest in yourself and partner with someone who cares about your success. Joining Mike's Master Mechanics is the best way to take advantage of this growing industry! You can capitalize on the huge market need and stand out from the competition using our first-rate infrastructure. Entry costs are competitive and your earning potential is unlimited!