Midas vs Tire Guys Service Center Franchise Comparison

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

Start-Up Costs and Fees
 
Midas Franchise
Tire Guys Service Center Franchise
Investment $198,650 - $539,512$48,200 - $94,000
Franchise Fee $35,000$15,000
Royalty Fee 10%-
Advertising Fee included-
Year Founded 19561998
Year Franchised 19560
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Midas Franchise
Tire Guys Service Center Franchise
Experience
  • General business experience
  • Financially capable
    		• -

    Financing Options
     
    Midas Franchise
    Tire Guys Service Center 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
    Tire Guys Service Center 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
    Tire Guys Service Center 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 Tire Guys Service Center

    If you have ever had car problems you will understand the benefit of calling a Tire Guys franchisee who will come to you and repair and/or replace your tires. It makes sense to open a business that offers a skill set and service that everyone will require and you can benefit from. Tire Guys was started in the early 1998 by Todd Cooper in Ogden, Utah. Tire Guys is a mobile auto/truck tire repair/replacement service, who comes to you and repairs your tire on the spot. Tire Guys provide tire repair and replacement services at the customer's location�home, work, school, or wherever the car may be. Structured as a convenience service first and working by appointment, Tire Guys has proven to be a successful and proven model and an excellent business. Mr. Cooper has operated Tire Guys since 1998, and worked in the tire business for several years prior to starting The Tire Guy, which incorporated in August 2005 as The Tire Guys for purposes of franchising. He understands the mobile tire repair/replacement service and can successfully train you. He has defined a Mobile System Business that, when managed and marketed as instructed, can be very successful. It doesn't matter what your background is, Tire Guys could be right for you. We are looking for people who understand the value of an established system, who are anxious to provide excellent service and products to their customers.