Midas
- Ownership Requirement
- Full-time
- Business Type
- Franchise
Own the #1 Auto Care Brand
Join a recession-resistant industry with unmatched recognition and multiple revenue streams.
Brand overview
For over 60 years, Midas has helped hardworking franchise owners from diverse backgrounds open and grow their own locations. As an iconic brand in the essential auto care industry, Midas continues to evolve by becoming the dealership alternative and embracing advanced automotive technology. Franchise owners run retail automotive service centers offering multiple revenue streams, from oil changes and brake repair to tire replacement and wheel alignment.
Availability
We are currently accepting inquiries in these states:
Gallery
Why choose Midas
Join the #1 brand in category with over 2,000 locations worldwide and unmatched brand recognition that drives traffic. Benefit from a complete auto care and technology package, including early adoption of Advanced Driver-Assistance Systems (ADAS) and required Digital Vehicle Inspections (DVI). Own a business in a recession-resistant industry with multiple revenue streams from essential car care services. Take advantage of an industry-leading supply chain network and best-in-class franchisee support. Existing multi-unit franchisees can access reduced license fees and royalty rebates for growth. Veterans and first responders receive a 50% reduction on the franchise fee.
Revenue Potential & Investment Requirements
Revenue Potential
This number is an historic financial performance representation reflecting the average of franchisee gross revenues on an annual basis for the 2019 and 2020 calendar years of the top quartile of all Midas Shop outlets that operated for at least 24 consecutive months as of December 31, 2020, and who reported sales for each month of the 2019 and 2020 years (the “2019/2020 Top Quartile Stores”). The 2019/2020 Top Quartile Stores include 228 outlets, of which 72 (or 32 percent) exceed the average total revenues of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the years 2019 and 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. Click here to see Item 19 of the Midas 2021 FDD for further information.
Total investment
$199,000–$740,000
Cash Required
$200,000
Net worth
$600,000
Franchise fee
$35,000
Total units
1,000
Real estate required
Not Specified
Growth Trends
Training & support
Midas provides core courses on best practices and fundamentals, including the sales process, bookkeeping, tire changing, and mechanical service and repair. You will benefit from a 4-6 week store opening process and support from the field operations team. Expect ongoing field support with scheduled meetings, guidance, and mentoring from the Midas Operational team and high-performing franchisees. You also receive expert national marketing and advertising efforts, plus access to a cache of marketing templates for local campaigns.
Ideal candidate
Midas seeks motivated self-starters who are focused on the customer experience and ready to learn and follow proven processes. Ideal candidates are friendly, community-oriented individuals who can lead a team, set an example, and are ready to be all in and take full ownership of their business.
Take the first step toward owning an essential business with a globally recognized brand. Submit your information today to learn more about franchise opportunities with Midas.