Midas
Automotive repair services
In 1956 Nate H. Sherman founded Midas to service mufflers and other exhaust system parts. Within a year, 100 Midas shops had been opened in 40 states. Today, Midas services shock absorbers, brakes, tires, batteries, radiators and heating and cooling systems. The company also manufactures and distributes parts for brakes, steering-suspension, muffler and exhaust systems.
Please Note: The operators of Midas, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, customers are strongly recommended to visit the
official Midas website.
Start-up Costs & Franchises Fees
How much does it cost to open a Midas Franchises?
Total Investment: $379,400-$528,000
Initial Franchise Fee: $20,000
Royalty Fee: 10%
Advertising Fee:
Term of Agreement: 20 years
Renewal Fee: 50% of franchise fee
How to contact Midas
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Midas International Corp.
1300 Arlington Heights Rd.
Itasca,
IL
60143
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Phone: (630)438-3000
Toll Free: (800)621-0144
Fax: (630)438-3700
Website: Visit Website
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Midas News
Midas Co-brands Stores, Enlarges Service Offerings
Eleven Midas-owned auto service shops in San Diego received about $1 million in renovations and hired nearly 50 workers as Midas added SpeeDee Oil Change to its offerings, the company said Aug. 26.
The renovations at the stores included installing platform lifts in the oil change bays that allow ... more
Midas Acquires Franchisor Of 181 Speedee Auto Service Centers
Midas, Inc. (NYSE:MDS) has acquired the assets of G.C. & K.B. Investments, Inc., and its affiliated entities that franchise or sub-franchise 181 SpeeDee quick-lube and automotive maintenance shops in the United States and Mexico.
G.C. & K.B. Investments, Inc., is owned by Gary Copp and Kevin Benn... more
Midas Chief Financial Officer William Guzik Becomes Executive Vice President
The board of directors of Midas, Inc., (NYSE: MDS) has elected William M. Guzik, chief financial officer, as executive vice president of the company, effective immediately. He had served as senior vice president and chief financial officer since 2001.
Guzik, 47, joined Midas in 1999.
"Bill... more
Midas Will Present At Upcoming Investor Conferences
Midas, Inc. (NYSE: MDS) will present at three upcoming investor conferences, starting this week with the Gabelli & Company Automotive Aftermarket Symposium in Las Vegas.
Alan D. Feldman, Midas chairman and chief executive officer, and William M. Guzik, senior vice president and chief financial of... more
Midas' U.s. System Agrees To National Fleet Program; Will Begin To Support Certain Comdata Fleet Customers
Midas, Inc., (NYSE:MDS) has been designated as an approved vendor partner of Comdata Corporation to begin providing automotive repair and maintenance services to certain Comdata fleet fuel card customers.
Comdata, a leading business-to-business issuer of fleet fuel and other payment card systems,... more
View all Midas Press Releases
Franchise History
When did the first Midas open? 1956
When did Midas start Franchising? 1956
| 2005 |
1542 |
219 |
801 |
73 |
| 2004 |
1589 |
222 |
789 |
73 |
| 2003 |
1615 |
233 |
755 |
111 |
| 2002 |
1622 |
237 |
738 |
110 |
| 2001 |
1753 |
239 |
705 |
23 |
Expansion Plans
International: Canada,
Financing Options
| Franchise Fee |
No |
No |
| Startup Costs |
No |
No |
| Equipment |
No |
No |
| Inventory |
No |
No |
| Accounts Receivable |
No |
No |
| Payroll |
No |
No |
Training & Support
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
Business Operations
50% of all franchisees own more than one unit
- 9
Absentee ownership of franchise is NOT allowed.
Qualifications & Business Experience
Business Experience:
General business experience Financially capable
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for Midas and should not be construed as such. TheFranchiseMall.com makes every effort to
maintain accurate franchise data but does not guarantee nor assume liability for
incorrect data. We recommend that anyone seriously interested in
pursuing a Midas franchise opportunity, review that franchise's Uniform
Franchise Offering Circular (UFOC) with an attorney and accountant.
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COMPANY INFORMATION
Midas International Corp.
1300 Arlington Heights Rd.
Itasca,
IL
60143
Phone: (630)438-3000
Toll Free: (800)621-0144
Fax: (630)438-3700
Website: Visit Website
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