Start-Up Costs and Fees |
||
| Midas | Advanced Maintenance | |
| Investment | 198650 - 539512 | 132350 - 185100 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 6% |
| Advertising Fee | included | to 1.5% |
| Year Founded | 1956 | 2000 |
| Year Franchised | 1956 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Advanced Maintenance | |
| Experience | General business experience Financially capable | |
Financing Options |
||
| Midas | Advanced Maintenance | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | Yes |
| Payroll | No | Yes |
Training & Support |
||
| Midas | Advanced Maintenance | |
| Training | Our business system provides a standardized operational "blueprint" for developing and operating this first rate, highly specialized vehicle fleet maintenance company. We will train you how to use it! Targeted, meaningful and in-depth, our ongoing training brings to bear the collective knowledge of our experienced team of professionals. It has been carefully crafted to prepare you to face the challenges of operating this exceptional business, including how to identify, hire and develop outstanding service technicians. Franchisees will also benefit from our expert guidance in site selection and marketing. A detailed operations manual will provide you with a ready reference to our daily operational procedures. Above all, the seasoned professionals at Advanced Maintenance are available to share their hands-on industry insight and experience with you. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | Number of employees needed to run franchised unit: 4 - 12. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
||
| Midas | Advanced Maintenance | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Advanced Maintenance | |
| Franchise Fee | |
| Midas | |
| Advanced Maintenance | |
| Royalty Fee | |
| Midas | 10% |
| Advanced Maintenance | 6% |
| Advertising Fee | |
| Midas | included |
| Advanced Maintenance | to 1.5% |
| Year Founded | |
| Midas | 1956 |
| Advanced Maintenance | 2000 |
| Year Franchised | |
| Midas | 1956 |
| Advanced Maintenance | 2005 |
| Term Of Agreement | |
| Midas | 20 years |
| Advanced Maintenance | |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Advanced Maintenance | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Advanced Maintenance | |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Advanced Maintenance | No |
| Start-up Costs | |
| Midas | |
| Advanced Maintenance | |
| Equipment | |
| Midas} | |
| Advanced Maintenance | |
| Inventory | |
| Midas | |
| Advanced Maintenance | |
| Receivables | |
| Midas | |
| Advanced Maintenance | |
| Payroll | |
| Midas | |
| Advanced Maintenance | |
Training & Support |
|
| Training | |
| Midas | |
| Advanced Maintenance | Our business system provides a standardized operational "blueprint" for developing and operating this first rate, highly specialized vehicle fleet maintenance company. We will train you how to use it! Targeted, meaningful and in-depth, our ongoing training brings to bear the collective knowledge of our experienced team of professionals. It has been carefully crafted to prepare you to face the challenges of operating this exceptional business, including how to identify, hire and develop outstanding service technicians. Franchisees will also benefit from our expert guidance in site selection and marketing. A detailed operations manual will provide you with a ready reference to our daily operational procedures. Above all, the seasoned professionals at Advanced Maintenance are available to share their hands-on industry insight and experience with you. |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Advanced Maintenance | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Midas | Co-op advertising, Ad slicks, National media, Regional advertising |
| Advanced Maintenance | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| Midas | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. |
| Advanced Maintenance | Number of employees needed to run franchised unit: 4 - 12. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Advanced Maintenance | |
| Canada Expansion | |
| Midas | |
| Advanced Maintenance | 0 |
| International Expansion | |
| Midas | Canada, |
| Advanced Maintenance | |