Start-Up Costs and Fees |
||
| Midas | CARSTAR | |
| Investment | 198650 - 539512 | 298200 - 804300 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 1.50% |
| Advertising Fee | included | 1% |
| Year Founded | 1956 | 1989 |
| Year Franchised | 1956 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | CARSTAR | |
| Experience | General business experience Financially capable | |
Financing Options |
||
| Midas | CARSTAR | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Midas | CARSTAR | |
| Training | On-The-Job Training: 12 hours Classroom Training: 20 hours Additional Training: Regional training, 1-2 days; Ongoing training at franchisee's location as needed | |
| 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 | Co-op 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. | Absentee Ownership Allowed Number of Employees Required to Run: 8 - 9 |
Expansion Plans |
||
| Midas | CARSTAR | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| CARSTAR | |
| Franchise Fee | |
| Midas | |
| CARSTAR | |
| Royalty Fee | |
| Midas | 10% |
| CARSTAR | 1.50% |
| Advertising Fee | |
| Midas | included |
| CARSTAR | 1% |
| Year Founded | |
| Midas | 1956 |
| CARSTAR | 1989 |
| Year Franchised | |
| Midas | 1956 |
| CARSTAR | 1989 |
| Term Of Agreement | |
| Midas | 20 years |
| CARSTAR | |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| CARSTAR | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| CARSTAR | |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| CARSTAR | No |
| Start-up Costs | |
| Midas | |
| CARSTAR | |
| Equipment | |
| Midas} | |
| CARSTAR | |
| Inventory | |
| Midas | |
| CARSTAR | |
| Receivables | |
| Midas | |
| CARSTAR | |
| Payroll | |
| Midas | |
| CARSTAR | |
Training & Support |
|
| Training | |
| Midas | |
| CARSTAR | On-The-Job Training: 12 hours Classroom Training: 20 hours Additional Training: Regional training, 1-2 days; Ongoing training at franchisee's location as needed |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| CARSTAR | 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 |
| CARSTAR | Co-op Advertising 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. |
| CARSTAR | Absentee Ownership Allowed Number of Employees Required to Run: 8 - 9 |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| CARSTAR | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Midas | |
| CARSTAR | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Midas | Canada, |
| CARSTAR | |