When it comes to the auto repair industry, the reality is that drivers have many options to choose from. The level of competition in the market is higher than in many other sectors for a number of reasons. The need for automotive services is very high; vehicles are known to break down and require frequent professional […]
Texas is known for being one of the best markets to open a new business in, particularly given the state’s growing population and reputation for innovation. Many entrepreneurs recognize this, which is why they choose to pursue franchise opportunities in Houston, TX. Houston has earned notoriety as one of the top metro areas in the country […]
Across the country, entrepreneurs are trying to figure out what it takes to open a top auto repair franchise. There are many key aspects that go into an auto shop’s chances of success – which is perhaps why it is so difficult for one person to handle it all on their own. To start a […]
When a car has issues, most people recognize that they don’t have the expertise, tools, or other resources necessary to fix it themselves. As a result, they often turn to the automotive service franchises in their area. Whether the car is for personal use or part of a fleet used by a business, owners know that they […]
Running a business requires a large number of resources to ensure that everything is operating properly. There is perhaps no better example of this than the automotive supply chain management that is utilized at most auto repair shops. Regardless of industry, supply chains are vital to nearly every aspect of a business, from managing inventory […]
Nearly every industry in the business world will encounter new trends that will change how organizations operate and affect consumer demands and expectations. Auto repair franchises are just one example of this. Innovative vehicle technology and driver preferences could lead to newer cars needing many different services to fix and maintain the latest technology, and […]
Entrepreneurs have no shortage of business ventures to choose from in today’s market. Many experienced investors would recommend starting a business in a recession-resistant industry, such as the auto service franchise industry. Auto maintenance is commonly regarded as a recession-resistant industry because reliable transportation is a critical need for so many people. (1) However, it's […]
Today’s business world presents many different avenues for entrepreneurs to pursue when seeking an investment opportunity. For those looking to start a new business, choosing an automotive franchise could be the ideal fit. People are frequently in need of auto repair services, especially considering how the cost of purchasing new cars has recently reached an […]
How would it feel to go into small business ownership with a team of industry experts to help you navigate the rewards and challenges of it all? Pretty great, right? Well, the good news is, when you join the Midas brand to open your very own auto franchise, you can count on our deep industry […]
Savvy investors ask lots of questions, and Midas franchisees did just that before they became part of our brand family. We know how important it is to do your homework and compare investment opportunities before finally choosing one, and we’re only too happy to help our potential franchisees become as informed as possible! Here, we’ll […]
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.
