Midas vs Kennedy Transmission Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Kennedy Transmission Franchise
Investment $198,650 - $539,512$88,500 - $162,500
Franchise Fee $35,000$17,500
Royalty Fee 10%-
Advertising Fee included-
Year Founded 1956-
Year Franchised 1956-
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


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

    Financing Options
     
    Midas Franchise
    Kennedy Transmission 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
    Kennedy Transmission Franchise
    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
     
    Midas Franchise
    Kennedy Transmission Franchise
    US Expansion --
    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 Kennedy Transmission

    If you have the motivation, drive, and capabilities to operate and manage your own business, you owe it to yourself to fully investigate ownership of a Kennedy Transmission, Brake and Auto Service store.

    We do not require that our franchisees possess previous transmission shop experience. Previous business experience or exposure to the automotive service business segment is highly desirable but also not required. We do require that our store owners are actively involved on a daily basis in their store �" no passive ownership is permitted.

    We offer several advantages over other franchised business opportunities. Because we are a specialty business we are not open nights and weekends. Also, a mature Kennedy Transmission, Brake and Auto Service store operates on a staff of four or five, which lowers the management burden of administrative tasks such as staffing and payroll.