Midas
Yes, we actively support the inclusion and development of minority-owned franchises in the Midas system.
Midas
1300 Arlington Heights Rd.
Itasca, IL 60143-3174
800#: (800) 621-0144
Tel: (630) 438-3000
Fax: (630) 438-3700
E-mail: franchiseleads@midas.com
Web Site: www.midasfran.com
Contact: Ms. Barbara Korus, Franchise Recruitment Coord.
MIDAS is one of the world's largest providers of automotive service, offering exhaust, brake, steering and suspension services, as well as batteries, climate control and maintenance services at 2,700 franchised, company-owned and licensed MIDAS shops in 19 countries, including nearly 2,000 in the United States and Canada.
Franchisor Background
Established: 1956
First Franchise: 1956
Franchise Units: 2600
Company-Owned Units: 73
Total Units: 2673
Distribution:
> North America -- Operations in NR
> States/Provinces with Greatest Density: NR
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 6 FT, 4 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,000-5,000 SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $100-150K
Total Investment: $360-487K
Average Total Investment: $423K
Minimum Net Worth: $300K
Fees
>Franchise: $20K
>Average Franchise Fee: $20K
>Royalty: 10%
>Advertising: Incl. Roy.
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/20
Passive Ownership: Discouraged
Area Development Agreements:Varies
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: NR
On-Going Support: B,C,D,e,f,G,H,I (for an explanation click here)
Training: 1-2 Weeks of Self Study; 1-2 Weeks In-Shop Assignment; 3 Weeks in Palatine, IL.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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