Midas vs Automotive Art Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Automotive Art Franchise
Investment $198,650 - $539,512$175,000 - $520,000
Franchise Fee $35,000N/A
Royalty Fee 10%5%
Advertising Fee included2% local + 1%
Year Founded 1956-
Year Franchised 1956-
Term Of Agreement 20 years10 years
Term Of Agreement 20 years10 years
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Automotive Art Franchise
Experience
  • General business experience
  • Financially capable
    		• -

    Financing Options
     
    Midas Franchise
    Automotive Art 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
    Automotive Art 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
    Automotive Art 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 Automotive Art

    Automotive Art is the Caribbean's largest Auto-Care retailer of car enhancement products and services. With its corporate headquarters in Barbados, it currently operates in over 20 countries with 27 stores throughout the Caribbean, Latin America, Central and South America.Automotive Art is a one-stop superstore and service centre offering a wide choice of quality brands including accessories, batteries, car care products, paint and ancillaries, tools, tyres, wheels and the services to install them. Our Vision is to be the leading retailer of automotive enhancement products and services to our customers.