Midas is a trusted leader in the automotive service industry, offering a wide range of vehicle maintenance and repair services. Established in 1956, Midas has built a strong reputation for quality, reliability, and customer satisfaction. With over 2,100 locations globally, the brand provides entrepreneurs with a proven business model, extensive support, and significant growth potential. Investing in a Midas franchise means joining a globally recognized brand with a history of excellence in the automotive industry.

Midas is a pioneer in automotive services with decades of experience in the industry.

• Established Brand: Founded in 1956, Midas is one of the most recognized names in automotive repair.
• Global Reach: Operates over 2,100 locations across 13 countries, with significant presence in the U.S. and Canada.
• Comprehensive Services: Offers brake repair, oil changes, tires, suspension, exhaust, and other vehicle maintenance services.
• Proven Growth Model: Provides franchisees with a well-structured system for business success.

Midas is synonymous with quality, reliability, and comprehensive automotive care.

• Trusted Services: Known for dependable vehicle repair and maintenance solutions.
• Customer Loyalty: Earns repeat business through exceptional service and quality.
• Brand Evolution: Continuously adapts to advancements in automotive technology.
• Community Focus: Actively engages in community programs to build local relationships.

Investing in a Midas franchise requires a moderate initial financial commitment and dedication.

• Initial Franchise Fee: Ranges from $10,000 to $35,000 based on location and market.
• Total Initial Investment: Estimated between $103,650 and $885,640.
• Royalty Fees: 5% of gross sales, supporting brand operations and development.
• Advertising Contributions: Franchisees contribute 3% to 5% of gross sales to the marketing fund.

Midas continues to expand in domestic and international markets.

• U.S. Opportunities: Open locations across multiple states, targeting urban and suburban areas.
• International Growth: Franchisees can open Midas shops in Europe, Asia, and other markets.
• Site Selection Support: Guidance provided to secure high-traffic, growth-oriented locations.
• Flexible Formats: Offers store designs tailored to different market needs and locations.

Midas offers robust support and training to help franchisees succeed.

• Initial Training Program: Covers customer service, operations, marketing, and technology.
• Ongoing Support: Dedicated field consultants provide regular guidance and operational support.
• Marketing Resources: National advertising campaigns and customizable local marketing tools.
• Technology Systems: Access to proprietary software for inventory management and sales analytics.

Midas franchises offer strong potential for financial growth.

• Average Revenue: Franchise locations report median annual sales of approximately $1.3 million.
• Profitability: Well-run shops can achieve high profit margins.
• Recurring Revenue: Maintenance services provide a steady and repeatable income stream.
• Expansion Opportunities: Multi-unit ownership allows for increased profitability.

The ideal Midas franchisee has a strong work ethic and passion for customer service.

• Automotive Knowledge: Experience in the automotive industry is helpful but not required.
• Business Acumen: Ability to manage financials and operations effectively.
• Customer Focus: Dedication to providing excellent customer service.
• Growth-Oriented: Ambitious mindset with a desire to expand into multiple units.

Owning a Midas franchise comes with many benefits.

• Established Brand: Leverage the recognition of a globally trusted name in automotive services.
• Proven Systems: Access to operational systems and support for running an efficient business.
• Strong Customer Base: Benefit from a loyal and recurring customer base.
• Growth Potential: Opportunities to expand to multiple locations and grow revenue.

While rewarding, owning a Midas franchise comes with challenges.

• Initial Investment: Significant upfront costs may be a barrier for some investors.
• Hands-On Management: Requires active involvement in daily operations for success.
• Competitive Market: Operates in a highly competitive automotive services industry.
• Economic Sensitivity: Customer spending may fluctuate based on broader economic conditions.

Midas provides an excellent opportunity for entrepreneurs looking to join a trusted automotive services brand. With its proven business model, extensive support, and global recognition, franchisees can achieve financial success and personal fulfillment while delivering quality services to their communities.