Midas Franchise Opportunities
Midas offers repair and maintenance services on shock absorbers, brakes, tires, batteries, radiators, heating and cooling systems etc. The company was founded in 1956 in Macon, Georgia by Nate Sherman. It also provides franchise opportunities. As of 2018, Midas operates more than 2000 franchised locations worldwide.
How much does Midas franchise cost?
Midas has the franchise fee of up to $30,000, with total initial investment range of $181,650 to $459,587.
Initial Investment: $181,650 - $459,587
Net-worth Requirement: $250,000
Liquid Cash Requirement: $75,000
Initial Investment and Startup Costs
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee or Minimum Site Payment | $0 | $30,000 |
| Marketing Support Program | $5,000 | $5,000 |
| Travel & Living Expenses while Training | $1,000 | $7,800 |
| Security Deposit, Licenses and Permits | $0 | $14,000 |
| Rent and Real Estate Taxes (3 months) | $15,000 | $42,000 |
| Warranty Registration Fee (3 months) | $150 | $2,000 |
| Equipment and Tools | $50,000 | $151,000 |
| Shipping and Installation Costs -Equipment | $5,000 | $20,000 |
| Computer, Hardware & Telephone System | $6,000 | $6,000 |
| Office & Waiting Room Furniture & Point of Purchase Materials | $13,000 | $13,000 |
| Branding | $10,000 | $25,000 |
| Shipping and Installation Costs - Signage | $6,000 | $9,000 |
| Initial Inventory & Supplies | $25,000 | $50,000 |
| R.O. Writer Software | $0 | $5,000 |
| R.O. Writer Software Maintenance Fee (3 months) | $0 | $330 |
| R.O. Touch Installation and Monthly Fees (3 months) | $0 | $400 |
| Smart Status Installation and Monthly Fees (3 months) | $0 | $400 |
| Epicor Parts & Labor Guide Subscription (3 months) | >$0 | $300 |
| MotoLOGIC Repair 3 User Subscription (3 months) | $0 | $357 |
| Insurance (3 months) | $1,500 | $4,500 |
| Legal & Accounting | $1,000 | $3,500 |
| Additional Funds (3 months) | $40,000 | $65,000 |
| Miscellaneous | $3,000 | $5,000 |
| ESTIMATED TOTAL | $181,650 | $459,587 |
Support Options
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 Franchise Info: https://www.midasfranchise.com/
Request Free Info
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Starting investments from:$181,650
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Company type:Service
- Company foundation year:1954
- Year of launching the franchise:1956
- Franchise enterprises:2,020
- Corporate Address:4300 Professional Center Dr. Palm Beach Gardens, FL 33410, USA
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