Start-Up Costs and Fees |
||
| Midas | Brake King | |
| Investment | 198650 - 539512 | 121750 - 277533 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 5% |
| Advertising Fee | included | 5% Local 2% Nat'l |
| Year Founded | 1956 | 1966 |
| Year Franchised | 1956 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Brake King | |
| Experience | General business experience Financially capable | |
Financing Options |
||
| Midas | Brake King | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Midas | Brake King | |
| Training | You will spend 4 weeks worth of training at one of our selected classroom locations. We will introduce you to the history of the company, conduct training on our way of doing business, hold lectures from industry professionals and introduce you to our professional team of vendors who are there to supply you with the best supplies in the automotive business. The Brake King Team will then culminate the training with on-the-job experience at our corporate store. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | *Pre-opening training support *Grand Opening Support *Operational support *Marketing Support |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | A huge part of the Brake King brand is the innovative and aggressive way that we market ourselves. Through television, radio, internet and direct mail, Brake King USA is committed to developing advertising campaigns that are aimed at separating ourselves from the rest of the automotive industry. |
| Operations | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | |
Expansion Plans |
||
| Midas | Brake King | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Brake King | |
| Franchise Fee | |
| Midas | |
| Brake King | |
| Royalty Fee | |
| Midas | 10% |
| Brake King | 5% |
| Advertising Fee | |
| Midas | included |
| Brake King | 5% Local 2% Nat'l |
| Year Founded | |
| Midas | 1956 |
| Brake King | 1966 |
| Year Franchised | |
| Midas | 1956 |
| Brake King | 0 |
| Term Of Agreement | |
| Midas | 20 years |
| Brake King | 5 Years +5+5+5 |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Brake King | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Brake King | |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Brake King | No |
| Start-up Costs | |
| Midas | |
| Brake King | |
| Equipment | |
| Midas} | |
| Brake King | |
| Inventory | |
| Midas | |
| Brake King | |
| Receivables | |
| Midas | |
| Brake King | |
| Payroll | |
| Midas | |
| Brake King | |
Training & Support |
|
| Training | |
| Midas | |
| Brake King | You will spend 4 weeks worth of training at one of our selected classroom locations. We will introduce you to the history of the company, conduct training on our way of doing business, hold lectures from industry professionals and introduce you to our professional team of vendors who are there to supply you with the best supplies in the automotive business. The Brake King Team will then culminate the training with on-the-job experience at our corporate store. |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Brake King | *Pre-opening training support *Grand Opening Support *Operational support *Marketing Support |
| Marketing | |
| Midas | Co-op advertising, Ad slicks, National media, Regional advertising |
| Brake King | A huge part of the Brake King brand is the innovative and aggressive way that we market ourselves. Through television, radio, internet and direct mail, Brake King USA is committed to developing advertising campaigns that are aimed at separating ourselves from the rest of the automotive industry. |
| 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. |
| Brake King | |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Brake King | |
| Canada Expansion | |
| Midas | |
| Brake King | |
| International Expansion | |
| Midas | Canada, |
| Brake King | |