Midas
Midas
1300 Arlington Heights Rd.
Itasca, IL 60143-3174
800#: (800) 621-0144
Tel: (630) 438-3000
Fax: (630) 438-3700
E-Mail: [email protected]
Web Site: www.midasfran.com
Contact: Ms. Barbara Korus, Franchise Recruitment Coord.
MIDAS is one of the world's largest providers of automotive service, offering exhaust, brake, steering and suspension services, as well as batteries, climate control and maintenance services at 2,700 franchised, company-owned and licensed MIDAS shops in 19 countries, including nearly 2,000 in the United States and Canada.
Franchisor Background
Established: 1956
First Franchise: 1956
Franchise Units: 2,600
Company-Owned Units: 73
Total Units: 2,673
Distribution:
U.S. -- 1657;
Canada -- 220;
International -- 796
-North America -- Operations in NR
-States/Provinces with Greatest Density: NR
Projected New Units Over Next 12 months: 40
Franchisee Qualifications: 4, 4, 2, 2, 3, 5
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 6 FT, 4 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,000-5,000 SF; FS
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $100-150K
Total Investment: $360-487K
Average Total Investment: $423.5K
Minimum Net Worth: $300K
Fees:
-Franchise: $20K
-Average Franchise Fee: $20.0K
-Royalty: 10%
-Average Royalty: 10.0%
-Advertising: Incl. Roy.
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/20
Passive Ownership: Discouraged
Area Development Agreements: Varies
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association: CFA MEMBER
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: NR
On-Going Support: B,C,D,e,f,G,H,I (Click here for an explanation)
Training: 1-2 Weeks of Self Study; 1-2 Weeks In-Shop Assignment; 3 Weeks in Palatine, IL.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Select Countries
Note: NR = No Response by Franchisor.
Click here for a sample questionnaire.
New
Search: Alphabetical
| Industry
Type |
Average
Total Investment | Average
Franchise Fee | Total
Units |
|