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Updated RecentlyMidas vs Quick Lane Tire & Auto Center Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Midas vs Quick Lane Tire & Auto Center including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $198,650 - $539,512 | $282,150 - $1,820,100 |
| Franchise Fee | $35,000 | $15,000 |
| Royalty Fee | 10% | - |
| Advertising Fee | included | - |
| Year Founded | 1956 | 2017 |
| Year Franchised | 1956 | 2017 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | 50% of franchise fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 |
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| 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.
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#84 in Canada's Top franchises.
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#62 on Franchise Rankings.com
#199 in Franchise 500 for 2020.
#111 in Franchise 500 for 2021.
About Quick Lane Tire & Auto Center
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Established in 1997, Quick Lane now has over 800 branches in the USA
and over 200 branches in Europe. We are expanding our network globally
into places including South America, South Africa, Middle East, as well
as to Asia, including China, Australia, Thailand and elsewhere.
Quick Lane is a standard tire and auto vehicle service center. With
expert technicians who will take care of all brands of car in a
professional and friendly manner, you can be confident of receiving
excellent products and services. Our experienced teams have completed
tests and training in matters ranging from oil changes to filters,
tires, brake checks, suspension and vehicle batteries, amongst others,
covering a total of over 14 services.
The total amount necessary to begin operation of a Quick Lane Tire & Auto Center under a Quick Lane Tire & Auto Center Franchise Agreement ranges from $282,150 to $1,082,100 if you convert an existing automotive repair facility to a Quick Lane Tire & Auto Center.
This includes $95,700 to $364,000 that is payable
to the franchisor.
The total amount necessary to begin operation of a Quick Lane Tire & Auto Center under a Quick Lane Tire & Auto Center Franchise Agreement
ranges from $1,008,450 to $1,820,100 if you construct a brand new
facility from the ground up (a “Greenfield Center”).
This includes
$218,000 to $364,000 that is payable to the franchisor.