Midas vs Auto-Lab Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Auto-Lab Franchise
Investment $198,650 - $539,512$128,750 - $317,500
Franchise Fee $35,000$27,500
Royalty Fee 10%6%
Advertising Fee included3%
Year Founded 19561985
Year Franchised 19562004
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


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

    Financing Options
     
    Midas Franchise
    Auto-Lab 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
    Auto-Lab Franchise
    Training -Continuous technical and management training programs
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsAuto-Lab, LLC offers support in all areas of business management and operations through our corporate office, located in Farmington Hills, MI, and our strategic vendor partners. Our support includes, but is not limited to, continuous technical and management training programs, group purchasing programs, group marketing and advertising programs, electronic purchasing through vendor partners, a program for HotLine support, instant information network, assistance with business opportunities, etc.
    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
    Auto-Lab 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 Auto-Lab

    Auto-Lab Complete Car Care Centers is a full service auto repair and maintenance service franchise that has been operating since early 1989. Auto-Lab currently operates stores in Michigan, Illinois, Indiana, Iowa, Arizona, California, and Florida. Auto-Lab offers an immense amount of franchise support from our corporate office as well as a highly respected brand image. We require less investment, a small franchise fee and more control of marketing and advertising associated with your target customer base. The Auto-Lab Business Management System is a computer program unique to Auto-Lab that will assist you in all areas of managing a successful
    Auto-Lab Complete Car Care Center.

    The total investment necessary to begin operation of a single unit Auto-Lab franchise is from $128,750 to $317,500. This includes $13,750 to $27,500 that must be paid to the franchisor or its affiliates. If you convert an existing auto care facility to an Auto-Lab single unit franchise, the total investment necessary is from $29,500 to $279,500, which includes $19,500 that must be paid to the franchisor or its affiliates.