Midas Int'l. Corp.
#301 Franchise 500| Auto repair and maintenance
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Midas Int'l. Corp.
Auto repair and maintenance

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:

9

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

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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