Auto owners want to keep their cars as long as possible making our Midas auto repair and oil change franchise in demand. Check out our Chicago opportunity!
When it comes to taking care of vehicles, it’s common for drivers to want the best without breaking the bank or compromising their budget. Generally speaking, car owners keep their vehicles for an average of six years and the average age of cars on the road today is about 12 years old. In other words, many vehicle owners are interested in finding a reliable auto repair and oil change franchise shop so they can help their ride last as long as possible.
Over 84% of commuters in the United States are getting to their place of employment using their own vehicles. In the Chicago area, the average commute time is over 30 minutes just going one way, which can result in someone traveling a total of over 225,000 miles over the course of their lifetime. That’s a lot of miles, and a lot of wear and tear on a car! That’s why when searching for a car service franchise in Chicago, consumers and customers need to know that their car repair provider is going to help their vehicle last for many miles, and years, to come.
Midas is praised for its impeccable service. After all, the phrase “Trust the Midas Touch” has been around for a while and has been well-earned since the company is an acknowledged leader in the car service industry. This auto repair franchise has been providing much needed repairs and assistance for over 60 years. Some of the expertise we have provided to consumers include:
What does any of this have to do with opening a new business through an auto repair franchise in Chicago? The auto repair industry has long been hailed as a needed service industry in the world, but now more than ever it’s being recognized for its essential role. Over 288 million cars are on American roads today and need to be serviced, and as such the automotive repair industry is worth approximately $419B without any sign of the need dissipating. For business owners or potential investors, this translates into an opportunity to take control of their career path, establish financial independence, and become part of a thriving industry.
No experience is necessary to become involved in a Midas car service franchise in Chicago. All training and information is provided at the corporate office so that franchise owners can move forward with complete confidence with opening and managing their own location. Some of the in-depth training featured includes:
Once a new location is up and running, a new franchisee has much to gain by investing in a Chicago Midas franchise. For starters, the top 25% of locations average an annual net income of $217,000. Additionally, there are national fleet accounts available to help boost the bottom line, not to mention access to a well-established supply chain network and our ongoing support.
If you think that you’re ready to start turning business dreams into a reality, and combine a passion for a lucrative financial future with one of the best automotive franchises in Chicago, then don’t wait any longer to join our team!
Visit our website today or contact us to learn more about Midas franchise opportunities and find out how and why a Midas auto service franchise is the right choice for you.
Please note that the information contained on this website does not constitute the offer of a franchise and that such offers will be made only in conjunction with the presentation of the Midas Disclosure Document in states where we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state.
(1) This number is an historic financial performance representation reflecting the average of franchisee net income on an annual basis for the 2020 calendar year of the top quartile of all Midas Shop outlets (in terms of total income) that operated for at least 12 consecutive months as of December 31, 2020, and who furnished financial data to us for the year that we believe to be reliable (the “2020 Top Quartile Stores”). The 2020 Top Quartile Stores include 60 outlets, of which 28 (or 47 percent) exceed the average net income of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the year 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees and other financial data of these shops that was submitted to us. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. Click here to see Item 19 of the Midas 2021 FDD for further information.
(2) This number is an historic financial performance representation reflecting the average of franchisee gross revenues on an annual basis for the 2019 and 2020 calendar years of the top quartile of all Midas Shop outlets that operated for at least 24 consecutive months as of December 31, 2020, and who reported sales for each month of the 2019 and 2020 years (the “2019/2020 Top Quartile Stores”). The 2019/2020 Top Quartile Stores include 228 outlets, of which 72 (or 32 percent) exceed the average total revenues of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the years 2019 and 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. Click here to see Item 19 of the Midas 2021 FDD for further information.