Midas Franchise
Automotive repair services
ABC INC
ABC-CO - NASDAQ
+0.25 (+0.20%)
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How much does it cost to open a Midas Franchise ?
The investment required to open a Midas Franchise is between $198,650 - $539,512 . There is an initial franchise fee of $35,000 which grants you the license to run a business under the Midas name.
Individual Franchise Costs
- Initial Investment:
$198,650 - - Initial Franchise Fee:
$35,000 - Royalty Fee:
10% - Advertising Fee:
included - Term of Agreement:
20 years - Renewal Fee:
50% of franchise fee
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
Midas Growth History
When did the first Midas open? 1956When did Midas start Franchising ? 1956
Canada,
How much money you could make as a Midas Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Midas Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.
Latest News
Midas Chief Financial Officer William Guzik Becomes Executive Vice President
2006-11-16
Midas Will Present At Upcoming Investor Conferences
2006-10-30
Midas' U. S. System Agrees To National Fleet Program; Will Begin To Support Certain Comdata Fleet Customers
2006-10-17
Midas To Present At Sidoti Conference In San Francisco; Retail Sales Helped By Lower Gas Prices, Brake Promotion
2006-09-27
Midas Signs Amendment To Credit Agreement With Increased Accordion, Fewer Restrictions
2006-09-18
Midas To Present At Sidoti Emerging Growth Conference; High Gas Prices Continue Negative Effect On Service Sales
2006-06-01
Midas Launches New Safety And Reliability Advertising
2006-05-01
Midas Announces Winner Of ''america's Longest Commute'' Contest
2006-04-12
Midas Board Of Directors Elects Alan Feldman Chairman
2006-03-07
Midas Celebrates 50 Years By Seeking ''america's Longest Commute,'' Winner To Receive Free Maintenance And $10,000 In Gas Money
2006-01-09
Midas Presentation at Gabelli Conference Available on Webcast
2005-10-28
Midas Signs New Unsecured Credit Agreement
2005-10-27
Fred Flintstone 'Trusts the Midas Touch' in New Midas Spot
2005-10-13
Midas Presentation at Morgan Keegan Conference Will Be Available on Webcast
2005-05-23
Midas Sells IPC-Brand Exhaust Business and Will Exit Exhaust Manufacturing, Distribution
2005-05-05
Re-Launched midas.com Site More Informative for Consumers, Investors, Prospective Franchisees
2005-03-31
Midas Sells Pipe Bender Manufacturing Operation to Huth Plant Manager Joseph Becker
2005-03-28
National Marketing Campaign Supports 'Midas Touch' Maintenance Package
2005-03-07
Midas Canada Awards Advertising Responsibilities to DDB Canada, Carat
2005-01-28
Midas In Discussions To Sell Majority Of Pwi Quick-delivery Locations
2003-01-10 View All
Legal Disclaimer: This information is not a franchise offering for Midas and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Midas franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.