Midas vs Precision Tune Auto Care Franchise Comparison

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

Start-Up Costs and Fees

 
Midas Franchise
Precision Tune Auto Care Franchise
Investment $198,650 - $539,512$127,000 - $253,600
Franchise Fee $35,000$25,000
Royalty Fee 10%7.5%-6%
Advertising Fee included1.5%
Year Founded 19561975
Year Franchised 19561978
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


Business Experience Requirements

 
Midas Franchise
Precision Tune Auto Care Franchise
Experience
  • General business experience
  • Financially capable
  • -

    Financing Options

     
    Midas Franchise
    Precision Tune Auto Care Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/No
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/No

    Training & Support

     
    Midas Franchise
    Precision Tune Auto Care Franchise
    Training - On-The-Job Training: 4 hours Classroom Training: 46.5 hours Additional Training: Ongoing upon request
    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 Social media SEO Website development Email marketing Loyalty program/app
    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: 5 - 8

    Expansion Plans

     
    Midas Franchise
    Precision Tune Auto Care Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    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 Precision Tune Auto Care

    Precision Tune Auto Care began as a small tune-up shop in Beaumont, TX and has grown to 350+ service centers operating in eight countries. We are a recognized world leader in the automotive service industry. Our service centers perform diagnostics, scheduled maintenance and auto repairs. Our brand proposition can best be described as a successful combination of “customer care” and “car care” services. On top of all that, higher gas prices work to our advantage as people are servicing and repairing their vehicles instead of purchasing new ones.

    Of course, our franchisees have played a major role in the success of Precision Tune Auto Care. To help our franchisees operate successfully and to meet the challenges of today’s marketplace, we provide them with proven operating systems giving them every opportunity to succeed. Our value proposition includes (but is not limited to) the following:

     Nearly 40 Years of International Franchise Success World Class Management.
    Sales & Technical Training .
    Turn-Key Marketing & Advertising Programs.
    National Vendor Partnerships.
    Proven Proprietary POS System.
    24/7 Intranet Community.
    National & Local Support.
    Powerful Brand Proposition .
    Proven Business Model.
    Continuous Research & Development.

    U.S. and international franchise opportunities are currently available.

    Veteran Incentives  $15,000 off franchise fee, reduced royalty fee for first year
    #277 in Franchise 500 for 2020.