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Midas |
 Midas is one of the world's largest providers of automotive service with franchised, licensed and company-owned shops throughout Canada, the U.S. and the world. Ours is a premier brand name in world-class automotive service that includes brakes, exhaust, steering and suspension, as well as batteries, climate control and maintenance services. Now that Midas offers Total Car Care and Tire services, there are even more reasons to keep customers coming back.
As a Midas franchisee you can experience the best of both worlds: the support of an experienced franchise organization combined with satisfaction of operating your very own auto service business.
Consider the opportunity – A world famous brand and one of the most recognized names in auto repair and maintenance. To many consumers in North America, you are a trusted household name the day you open your doors for business. The Midas brand name is an important competitive advantage for you as you establish your business.
Our Brand and Our Legacy
- 97% ‘Midas’ brand name recognition
- Over 50 years of automotive service industry leadership
- Globally recognized brand with established shops worldwide
- A track record of adapting and adjusting to new consumer demands with new programs and retail services
- A leader in the auto service industry committed to building consumer trust by providing expertise, responsiveness and best value to every customer
- Active member of the Motorist Assurance Program (MAP) supporting adherence to service standards for automotive repair businesses
Competitive Advantages:
- Select Lifetime Warranty Products
- Industry Leader in three core categories: Exhaust, Brakes, Shocks & Struts
- Strategic alliances for parts distribution to North American Midas locations
- Shop Management System
- A large franchisee network in North America (United States and Canada)
- North America-wide retail programs like tires and fleet account management
Entering the Midas Franchise Program
There are several ways to enter into the Midas franchise program. Once we have worked together to determine if Midas is a good fit for your personal and professional goals, we’ll discuss the various opportunities in your geographic area of interest. These opportunities may include the development of a new shop, purchase of an existing shop, conversion of your existing car-car business or the purchase of a company owned Midas location. In select markets, you can be in business within 90 days.
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| Costs and Fees |
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| Investment Required: |
$338,100 - $418,000 |
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| Capital Required: |
$50,000 - $75,000 |
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| Franchise Fee: |
$30,000 |
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| Ongoing Royalty Payments: |
10% |
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| Advertising Fees: |
Midas currently contributes half of all royalties collected towards advertising |
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| Other Fees: |
N/A |
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| Terms of Agreement: |
20 years |
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| Renewal Fee: |
N/A |
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| Franchisee Support |
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| Financing: |
Yes |
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| Franchisee Training: |
Yes |
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| Franchisee Marketing Support: |
Yes |
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| Franchisee Operations |
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| Number of Employees: |
N/A |
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| Absentee Ownership Allowed: |
Owner Operators Preferred |
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| Opportunities: |
New Development; Resales in Select Markets |
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| Franchisee Prerequisites |
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| Net Worth: |
$250,000 - $300,000 |
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| Cash Liquidity: |
$50,000 and $75,000 |
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| Business Experience: |
You must have an understanding of business management principles and be involved as an owner-operato |
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| Franchise Locations |
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| Franchise Available: |
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Nova Scotia
Northwest Territories
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
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