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Updated RecentlyMidas vs United Axle Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Midas vs United Axle including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $198,650 - $539,512 | $89,000 - And Up |
| Franchise Fee | $35,000 | $48,500 |
| Royalty Fee | 10% | - |
| Advertising Fee | included | - |
| Year Founded | 1956 | 2019 |
| Year Franchised | 1956 | 2019 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | 50% of franchise fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 |
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| 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.
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#84 in Canada's Top franchises.
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#62 on Franchise Rankings.com
#199 in Franchise 500 for 2020.
#111 in Franchise 500 for 2021.
About United Axle
!["UNITED]("https://fddexchange.com/wp-content/uploads/2020/08/UNITED-AXLE-300x122.png")
United Axle is revolutionizing the axle industry.
We developed the first threaded axle tube allowing spindles to be easily installed and removed - making them replaceable and serviceable!
The U.S. economy is dependent on the trucking industry. When trucks break down, they need repaired quickly because we understand time is money.
Using our proprietary process, spindle repairs are completed quickly within 3 hours roadside or at a repair shop.
Technicians are highly trained and perform quality work you can depend on.
We are expanding our services nationwide and seeking exceptional partners to join the United Axle team and grow with us.