Start-Up Costs and Fees |
||
| Midas | Tuffy Auto Service Centers | |
| Investment | 198650 - 539512 | 224000 - 413500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 10% | 2.5%-5% |
| Advertising Fee | included | 5% |
| Year Founded | 1956 | 1970 |
| Year Franchised | 1956 | 1971 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Tuffy Auto Service Centers | |
| Experience | General business experience Financially capable | General business experience |
Financing Options |
||
| Midas | Tuffy Auto Service Centers | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Midas | Tuffy Auto Service Centers | |
| Training | On-The-Job Training: 40 hours Classroom Training: 104 hours Additional Training: At existing store | |
| 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 Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 5 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
||
| Midas | Tuffy Auto Service Centers | |
| 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 | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Tuffy Auto Service Centers | |
| Franchise Fee | |
| Midas | |
| Tuffy Auto Service Centers | |
| Royalty Fee | |
| Midas | 10% |
| Tuffy Auto Service Centers | 2.5%-5% |
| Advertising Fee | |
| Midas | included |
| Tuffy Auto Service Centers | 5% |
| Year Founded | |
| Midas | 1956 |
| Tuffy Auto Service Centers | 1970 |
| Year Franchised | |
| Midas | 1956 |
| Tuffy Auto Service Centers | 1971 |
| Term Of Agreement | |
| Midas | 20 years |
| Tuffy Auto Service Centers | 15 years |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Tuffy Auto Service Centers | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Tuffy Auto Service Centers | General business experience |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Tuffy Auto Service Centers | No |
| Start-up Costs | |
| Midas | |
| Tuffy Auto Service Centers | |
| Equipment | |
| Midas} | |
| Tuffy Auto Service Centers | |
| Inventory | |
| Midas | |
| Tuffy Auto Service Centers | |
| Receivables | |
| Midas | |
| Tuffy Auto Service Centers | |
| Payroll | |
| Midas | |
| Tuffy Auto Service Centers | |
Training & Support |
|
| Training | |
| Midas | |
| Tuffy Auto Service Centers | On-The-Job Training: 40 hours Classroom Training: 104 hours Additional Training: At existing store |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Tuffy Auto Service Centers | 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 |
| Tuffy Auto Service Centers | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| 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. |
| Tuffy Auto Service Centers | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 5 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Tuffy Auto Service Centers | 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 | |
| Tuffy Auto Service Centers | |
| International Expansion | |
| Midas | Canada, |
| Tuffy Auto Service Centers | |