Midas

Drivers are owning their vehicles longer and driving more. Fittingly, the Midas brand has evolved to that of total car care experts, offering a wide variety of maintenance and repair services to support customers in maintaining their vehicles for as long as possible.

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Midas Franchise Cost and Requirements for 2022

Background

A brand that is being re-burnished and committed to growth by adding tires to the revenue stream. Midas is a great value buy. Midas is owned by Michelin & Sumitomo.

Founded in 1956, today Midas has grown to over 2,100 locations worldwide. In the early days, we sold the best muffler on the market and it included a national warranty "for as long as you own your car." This was unheard of and soon, other companies followed our lead. Fast forward to today. Vehicles consistently perform well even with more than 100,000 miles. Drivers are owning their vehicles longer and driving more. Fittingly, the Midas brand has evolved to that of total car care experts, offering a wide variety of maintenance and repair services to support customers in maintaining their vehicles for as long as possible.

In addition to national advertising and marketing efforts, we provide all franchisees with marketing templates for local efforts. Franchisees in many markets also have formed advertising co-ops to develop local ad strategies to drive traffic. Through the Midas system, those co-ops keep the branding consistent and powerful. Midas also uses in-store marketing to let customers know about the additional services we offer. Our point-of-sale system tracks customers' information and the needs of their vehicles, which allows you to send targeted marketing mailers and coupons to prospects and customers who might need automotive work soon. Making it easy to send a coupon or a reminder ahead of time, so they don't have any reason to shop elsewhere for service.

Company Details

Established: 1956
First Unit Franchised: 1956
Franchised Units: 2100
Company Owned Units: 0
States Registered In: ALL
Canada Franchises: Yes
International Franchises: Yes

Support and Training Offered By Midas

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Cooperative Advertising: Yes

Training: Yes

Training and support program details:

2 weeks in classroom
1 week in the field

Site Selection Assistance: YES
Lease Negotiation Assistance: YES

Mentor following training: YES
Length of mentoring Franchisee: 12 Weeks

2022 Franchise Requirements Needed to Own a Midas Franchise.

What does a Midas Franchise Cost?

Midas franchise fees for 2022:

Liquidity Required to Qualify: $75,000
Total Investment: $198,650- $539,512
Minimum Net Worth: $250,000
Franchise Fee: $35,000
Royalty: 5%
Ad: 5%
Item 19: Yes
Average Number of Employees: 7
Visa Candidates: No
Passive Ownership: Yes, with full time operations manager
Home-Based: No
B2B: No
Master Franchise Opportunities: International only
Veteran Discount: Yes, there is no franchise fee for veterans and first responders.

Is Midas a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Midas is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Midas a Home Based franchise?

No. Midas is not a home based franchise opportunity.

What Do Midas Franchise Owners Make?

Click here to find out how much Midas franchisees make. Midas offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Midas a Master Franchise Opportunity?

No. Midas is not a master franchise opportunity.

Does Midas Offer a Veteran Discount?

Yes. Midas franchise does offer a veteran discount.

Does Midas Work with E2 Visa and EB-5 Visa Candidates?

No. Midas franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Midas Looking for Franchisees in Canada?

Yes. Midas franchise is looking for Canada franchisees.

Is Midas Looking for International franchisees?

Yes. Midas franchise is looking for International franchisees.

Additional Information

Additional Categories

Automotive

Number of Units Open

100+ UNITS

Cash Required

$50,000 - $100,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

E2 Visa Franchise

No

Midas Franchises for Sale

Click Here to inquire about existing Midas franchises for sale. We may have Midas franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.