Midas Int'l. Corp.

Auto repair and maintenance

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About

Founded

1954

Franchising Since

1956 (63 Years)

Corporate Address

4300 Professional Center Dr.
Palm Beach Gardens, FL 33410

CEO

Erik Olsen

Parent Company

TBC Corp.

Financial Requirements

Initial Investment ⓘ

$181,650 - $459,587

Net-worth Requirement ⓘ

$250,000

Liquid Cash Requirement ⓘ

$75,000

Ongoing Fees

Initial Franchise Fee ⓘ

$30,000 - $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

First-unit franchise fee waived

Support Options

Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

100-120 hours

Classroom Training:

40-72 hours

Additional Training:

In-shop assignment

Number of Employees Required to Run:

Midas Int'l. Corp. is ranked #301 in the Franchise 500!

Bio

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.

Cost

Initial Investment: Low - $181,650 High - $459,587

Units

-3.3%-70 UNITS (1 Year) -9.7%-216 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

Related Franchises

Tuffy Tire and Auto Service

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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: October 9th, 2018

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