Midas is graded based on our most recent FDD research!
Midas is a full service automotive repair shop. It provides services such as brake repair, oil changes, tire repair, car heating and A/C, batteries, starting and charging and exhaust system services.
Midas has an initial franchise fee of up to $35,000, with a overall initial investment range of $198,650 to $539,512.
The initial cost of any franchise opportunity includes many fees. Explore this investment opportunity to better understand the initial costs required to buy an Midas, such as franchise fees, leasehold improvement costs, grand opening marketing, and furniture and fixtures purchases. It should be noted that, franchisors are required to disclose all initial fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.
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As with any new business, the franchise owner's salary and the profits from a Midas business depends on a lot of different factors. One way to validate the potential revenues or profits earned from a Midas franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. Typically, profits and owner's income are equitable to the size of the investment and number of locations you purchase. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your profit margin and your personal salary
For additional information and franchise specific on the profits of an Midas franchise opportunity, unlock this franchise
As of the 2020 Franchise Disclosure Document, there are 992 franchised Midas locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2020 FDD analysis, Midas has franchised locations in 50 states. There may be no locations in several states as each franchise company plans their growth strategy differently. Specific states also require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to offering franchise opportunities to residents in that state. These registration states have examiners review a franchisor's FDD to ensure it satisfies state regulatory requirements. In addition to registration states, additional states have enacted supplemental franchise or business opportunity laws that require franchise companies to provide their franchise within the state. In most instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not examine a franchisor's FDD.
Based on the data collected this franchise opportunity is growing into new locations and might be available in your city.
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Last Reviewed: 2020
Category: Automotive Repair
Yes, they have an initial training program of 192 hours. This includes 72 hours of classroom training, 120 hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Midas does NOT offer territory protections. For an explanation of territory rights, unlock this franchise for important details.
Yes, Midas offers comprehensive support for franchisees. Unlock this franchise to find out more.
They began franchising in 1956. The average Automotive Repair franchise began franchising in 1990.
Yes. They offer certain financing options within Item 10 of their FDD.