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Similar Franchises: Automotive Franchise
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
Investment Required: $338,100 - $418,000
Capital Required: $50,000 - $75,000
Franchise Fee: $30,000
Ongoing Royalty Payments: 10%
Advertising Fees: Midas currently contributes half of all royalties collected towards advertising
Other Fees: N/A
Terms of Agreement: 20 years
Renewal Fee: N/A
Franchisee Support
Financing: Yes
Franchisee Training: Yes
Franchisee Marketing Support: Yes
Franchisee Operations
Number of Employees: N/A
Absentee Ownership Allowed: Owner Operators Preferred
Opportunities: New Development; Resales in Select Markets
Franchisee Prerequisites
Net Worth: $250,000 - $300,000
Cash Liquidity: $50,000 and $75,000
Business Experience: You must have an understanding of business management principles and be involved as an owner-operato
Franchise Locations
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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