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The Important Advantages of Owning Our Automotive Franchise

May 15, 2023
car repair training

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 all-time high average price of $47,000 in the United States. (1)

However, starting an auto repair business by following a small business model is not necessarily the best way to go. Franchising can provide many more benefits, particularly if investors find the right automotive services brand to franchise with.

With so many options to choose from, it can be difficult for entrepreneurs to know which automotive franchise has the best potential to help them accomplish their goals. The Midas franchise opportunity comes with several important advantages that most other brands in the industry either don’t possess or remain far behind in substance.

We’ve developed our business over the past 60 years, giving our team valuable experience that we can leverage for our franchisees. With our help, Midas franchise owners can distinguish themselves in a crowded marketplace for automotive services and become the top choice for local members of their community.

Name Recognition in the Auto Repair Business Industry

At Midas, our lengthy history of delivering top-quality service in the auto repair industry has made us a recognizable name to car owners everywhere. After all, it’s almost impossible for a brand to last six decades and counting without delivering the results that turn first-time customers into lifelong fans.

Midas franchisees benefit from the strong reputation we have built over the years. Midas is a big name with a proven track record in the automotive services industry, allowing entrepreneurs who operate under our brand to quickly earn people’s trust. We’re confident that each new franchisee will  have the support from Midas to meet the auto repair needs of their communities.

Automotive Franchise Market Share

Midas has been widely recognized as one of the top-performing brands within the auto repair industry for quite some time – and that continues to this day. This is evident from our status as the second-largest tire distributor in the United States , along with our high rank for oil changes and other vital car services.

Midas franchisees can build upon this thanks to our volume discount purchasing power on brand-name tires. Car owners will greatly appreciate this, as they know how critical a role tires play in their car’s performance. This is a simple way for Midas franchise owners to “get their foot in the door” as they earn the trust of those in need of their services.

Expert Franchise Training and Support

We know that the process of starting a new business on your own can be daunting, regardless of the industry an entrepreneur enters. That’s why Midas provides a strong training program by our team of dedicated automotive experts. New franchisees will receive everything they need to be fully prepared to run their new businesses with confidence!

Midas does not simply leave our franchisees on their own once they have opened for business. Our team maintains an open line of communication with each franchise owner to stay in touch and help overcome challenges that may arise. We also design stellar marketing materials and execute memorable campaigns on both a local and national scale that our franchisees can benefit from.

Access to National Fleet Accounts

Midas is one of the only automotive services brands that maintains a presence in 48 states. This has allowed us to develop a fleet program that supplements our franchisees’ businesses, boosting their bottom line. The success of our overall brand is tied closely with that of each Midas franchise owner – giving us more incentive to help them in their journey with us.

Midas franchisees can also take advantage of the high traffic we generate on our consumer website. Those who enter our website learn about our brand’s commitment to excellent customer service and how each Midas franchise owner fulfills that promise. This helps keep Midas at the top of car owners’ minds whenever they require auto repair services.

For many years, Midas has proven that we have everything it takes to build and run a strong automotive franchise. With auto repair services constantly in demand, we’re always looking to add motivated entrepreneurs to our team. Together, we are confident that the advantages of a Midas franchise will help each investor make the most of the opportunity that exists in this growing market.

Curious about what a Midas franchise investment looks like? Contact our team today, and we’ll discuss it together!

1 Average car price is at an all-time high; The Zebra, May 13, 2022

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Logo of Midas, an Auto Repair Franchise service company.
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.

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.

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Midas Franchise F500 Badge 2023 Ranked 300, showcasing excellence in auto repair shop franchise opportunities.
Midas Franchise F500 Badge 2023 Ranked 1 in Category 300, leading in automotive repair franchise opportunities.
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Midas Franchise F500 Badge 2022 Top Franchise for Veterans, showcasing automotive repair franchise opportunities.
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Midas Franchise ranked in Franchise Times Top 500, a prestigious list, symbolizing excellence in auto repair franchise industry.
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