Knoxville, TN, is a destination that draws visitors from all over the US who seek to take in this “nature-loving-adventure-seeking-artsy-kinda-town.” Some of Knoxville’s main attractions are its fascinating historical tours, outdoor adventures, fine Southern dining, and award-winning theaters and music. The town has seen significant growth in its hospitality industry in the first quarter of 2022. Travel-related spending brought in more than $1 billion, and the booming tourism industry in the area has created over 11,000 jobs.*
Knoxville is also known as the Gateway to the Great Smoky Mountains, which means that many road-trippers make their way through this Southern city on their exploration of the state. While many travelers are careful to make sure that their vehicles are well-maintained and in working order before embarking on a trip, you just never know when you’ll run into any issues while on a trip. Investing in a Midas opportunity with this business for sale in Knoxville, TN, means you’ll never have a shortage of customers, from travelers to residents.
The Midas brand has been servicing drivers and their cars for more than 60 years, and today, with over 1,900 locations globally, we are the full-service auto care name people trust. The phrase “Trust the Midas Touch” has become familiar to millions worldwide. By taking on a Midas business for sale in Knoxville, TN, you’ll be providing millions of tourists and residents with a trustworthy solution for any vehicle repairs and maintenance.
We’ve been placed on Entrepreneur’s Franchise 500 list for many years, and in 2022 we were ranked number one in our category. Our decades’ worth of excellence in the franchise industry speaks for itself, allowing us to continue providing vehicle owners with top-notch service offerings such as:
If a Midas business for sale in Knoxville, TN, sounds like the right opportunity for you, then don’t wait any longer! Our team of experts is standing by to help answer your questions and start the process.
Would you like to learn more about investing in a Midas franchise or converting your business in the Knoxville, Tennessee, area? Contact us today to get started!
*Source: Knoxville Tourism Board Dashboard Report, Jan-June 2022.
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.