Midas Int'l. Corp.
#53

Initial Investment

LOW: $184,130
HIGH: $430,097

Change in Units

-2.1% -46 UNITS (1 Year)
-3.2% -72 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1954

Franchising Since

1956 (60 Years)

Corporate Address

4300 Professional Center Dr. Palm Beach Gardens, FL 33410

CEO

Erik Olsen

About Midas Int'l. Corp.

In 1956, Nate Sherman opened the first Midas muffler repair shop in Macon, Georgia, with 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.

Financials

Financial Requirements

Initial Investment

$184,130 - $430,097

Net-worth Requirement

$250,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

3-5%

Ad Royalty Fee

3-5%

Financing Options

Midas Int'l. Corp. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


Franchise fee waived

Franchise 500® Rank History

Highest Rank: 19

Lowest Rank: 61

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 1-2 weeks self-study

Training at headquarters: 3 weeks

Additional Training: In-shop assignment

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 9

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 26th, 2015

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