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2021 Franchise 500 Rank
#111 Ranked #199 last year
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Initial investment
$212K - $596K
Units as of 2021
2,010 0.5% over 3 years

Company Overview

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.

About Midas

Industry
Automotive
Founded
1954
Parent Company
TBC Corp.
Leadership
Will Helton, GM & VP

Franchising Overview

Franchising Since
1956 (65 years)
# of employees at HQ
500
# of Units
2,010 (as of 2021)

Franchisor Information

Corporate Address
4300 TBC Wy.
Palm Beach Gardens, FL 33410

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Midas franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$35,000
Initial Investment
$212,150 - $595,512
Net Worth Requirement
$250,000
Cash Requirement
$75,000
Veteran Incentives
50% off first-unit franchise fee
Royalty Fee
10%
Ad Royalty Fee
included
Term of Agreement
20 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Midas has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
60-120 hours
Classroom Training
28-72 hours
Additional Training
In-shop assignment
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
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

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
9
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Midas landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Midas ranked on other franchise lists? Find out below.

Ranked #111

Franchise 500 Ranking

Ranked #53

Top Global Franchises

Ranked #46

Top Franchises for Veterans

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021