Midas Int'l.

Founded: 1956 Franchising since: 1956
In 1956, Nate Sherman opened the first Midas muffler repair shop in Macon, Georgia, with a vision of quality, service and a promise of "for as long as you own your car." Since then, Midas has expanded to offer repair and maintenance services on shock absorbers, brakes, tires, batteries, radiators, and heating and cooling systems. Midas is now a publicly-traded company and has more than 2,500 locations in the United States and worldwide.

1300 Arlington Heights Rd. Itasca, Illinois 60143

Phone: (630)438-3000 Franchisee Association IMDA International

Franchisor is a publicly-held company with 200 employee(s); 10 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	1376	164	830	98
2008	1,431	178	840	95
2007	1,469	188	839	72
2006	1,484	209	823	75
2005	1,542	219	801	73

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Australia/new zealand, Canada, Central america, Mexico, Western europe

Total investment: $265.9K-365.9K Franchise fee: $30K

Ongoing royalty fee: 10% Term of agreement: 20 years, renewable

Type of Financing Available

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

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $75K
Business Experience:

• General business experience
• Financially capable

Operations

• 42% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 9
• Absentee ownership of franchise is NOT allowed.

Training

• Available at headquarters: 3 weeks
• At franchisee's location: 1-2 weeks self-study
• In-shop assignment : 1-2 weeks

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Grand opening
• Internet
• Security/safety procedures
• Field operations/evaluations

Marketing Support

• Co-op advertising
• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#31 (2009); #40 (2008); #19 (2007); #36 (2006); #40 (2005);

Ranked #1 in category in:
2009; 2008; 2007; 2006; 2005;

America's Top Global Franchises:
#27 (2009); #34 (2008); #16 (2007); #31 (2006); #32 (2005);