Midas Franchise

Automotive repair services


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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Please Note: The operators of Midas, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Midas website.

How much does it cost to open a Midas Franchise?

The estimated investment required to open a Midas Franchise is between $181,650-$459,587. There is an initial franchise fee of $30,000 which grants you the license to run a business under the Midas name.

Individual Unit Costs

  • Initial Investment:
    $181,650-$459,587
  • Initial Franchise Fee:
    $30,000
  • Royalty Fee:
    3%-5%
  • Advertising Fee:
    3%-5%
  • Term of Agreement:
    20 years
  • Renewal Fee:
    50% of franchise fee



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Midas Ranks #25 On Franchise 500 List
Franchise Ranking History Franchise 500�: #25 (2014), #31 (2013), #61 (2012), #39 (2011), #23 (2010), #31 (2009), America's Top Global: #30 (2013), #56 (2012), #36 (2011), #18 (2010), #27 (2009) FranchiseGator 100 list: #31 (2014)...

Midas Co-brands Stores, Enlarges Service Offerings
Eleven Midas-owned auto service shops in San Diego received about $1 million in renovations and hired nearly 50 workers as Midas added SpeeDee Oil Change to its offerings, the company said Aug. 26. The renovations at the stores included installing platform lifts in the oil change bays that allow ...

Midas Acquires Franchisor Of 181 Speedee Auto Service Centers
Midas, Inc. (NYSE:MDS) has acquired the assets of G.C. & K.B. Investments, Inc., and its affiliated entities that franchise or sub-franchise 181 SpeeDee quick-lube and automotive maintenance shops in the United States and Mexico. G.C. & K.B. Investments, Inc., is owned by Gary Copp and Kevin Benn...

Midas Chief Financial Officer William Guzik Becomes Executive Vice President
The board of directors of Midas, Inc., (NYSE: MDS) has elected William M. Guzik, chief financial officer, as executive vice president of the company, effective immediately. He had served as senior vice president and chief financial officer since 2001. Guzik, 47, joined Midas in 1999. "Bill has...

Midas Will Present At Upcoming Investor Conferences
Midas, Inc. (NYSE: MDS) will present at three upcoming investor conferences, starting this week with the Gabelli & Company Automotive Aftermarket Symposium in Las Vegas. Alan D. Feldman, Midas chairman and chief executive officer, and William M. Guzik, senior vice president and chief financial of...

Midas News & Press Releases

When did the first Midas open? 1956
When did Midas start Franchising? 1956

International: Canada,

Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

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

50% of all franchisees own more than one unit

Number of employees required to operate - 9

Absentee ownership of franchise is NOT allowed.

Business Experience:

  • General business experience
  • Financially capable

  • To calculate how much income a franchise owner can do at Midas Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

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    Legal Disclaimer: This information is not a franchise offering for Midas and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Midas franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Midas

    Midas

    Midas International Corp.
    1300 Arlington Heights Rd.
    Itasca, IL
    60143

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