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Midas Int'l. Corp.

2014 Franchise 500
#25
At a Glance

Products & Services: Auto repair and maintenance

Number of Locations: 2,165

Total Investment: $203.1K - $424.5K

Founded: 1954

Began Franchising: 1956

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 1,159 156 842 8
2013 1,224 157 878 49
2012 1,227 154 804 72
2011 1,271 152 779 89
2010 1,309 158 772 112
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $203,130 - $424,520
Franchise Fee: $30,000
Ongoing Royalty Fee: 10%
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: Franchise fee waived
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
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..
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

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 Ranking History

Franchise 500®: #25 (2014), #31 (2013), #61 (2012), #39 (2011), #23 (2010),
America's Top Global: #3 (2014), #30 (2013), #56 (2012), #36 (2011), #18 (2010),