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What Are Some Steps to Starting a Midas Auto Repair and Service Franchise?

September 28, 2022
auto repair and service franchises

If you’re wondering how to open an auto repair and service franchise with Midas, you’ll be happy to know the process is straightforward and transparent. We’ve been helping franchisees become automotive repair and service business owners for decades and always make sure we’re there to answer any questions they may have along the way. Here, we’ll look briefly at a few of the more important steps you’ll take to become part of the Midas brand family.

Start an Automotive Repair Franchise Right Here!

Most people wondering how to open auto repair and service businesses with us start right here on our website. You can, too! Fill out our contact form with some initial information about yourself, and someone from our franchise team will get back to you for a brief chat. We’ll go over some of the details about a Midas automotive repair opportunity, including estimated costs, potential timelines, and so forth. We’ll also want to know a bit more about you, too, to make sure our goals and values align.

We look forward to growing the Midas family and take our responsibilities toward that seriously, which is why we work hard to make sure there’s a good fit. Once we’ve established that, we’ll move on to the next step. 

Take Some Time with Our FDD

You’ll be provided with a copy of our Franchise Disclosure Document (FDD), which breaks down everything you need to know about what it means to own an auto repair franchise with Midas.

An FDD is a very important document that all franchisors are required to have, and that’s shared with anyone who’s serious about an investment with us. You’ll learn how long we’ve been in business, who some of our key team members are, what to expect as a franchisee, and what your investment looks like, among other topics. Because FDDs go over a lot of vital information, you’ll have at least two weeks to go through ours, during which time we’re always available to answer any questions you might have.

Talk to Other Midas Franchise Owners

While we continue to learn more about you and your financial qualifications, you’ll have a chance to meet with current Midas franchisees to find out about their experiences and why they chose the Midas brand. You’ll likely have many questions about the day-to-day aspects of running their businesses, and they’ll give you useful and honest answers about franchise ownership. They’ll also tell you more about how the Midas franchise team provides training and support. 

Enjoy a Discovery Day

One of the last steps on your journey to learning how to start a Midas auto repair franchise

is to attend a Discovery Day — a time set aside at our corporate headquarters for you to meet with senior team members who head up support functions, such as training, marketing, operations, construction, and supply chain. It’s the perfect opportunity to ask any questions you still might have and to get a clearer sense of just how much guidance you’ll enjoy from our teams. You’ll also have the opportunity for one-on-one discussions with members of the executive team. From there, if all parties agree, Discovery Day will end with the signing of your franchise agreement. Welcome to the Midas family!

To find out more about our franchise opportunity and how to start an auto repair franchise with Midas, get in touch today!

Midas International, LLC

4300 TBC Way

Palm Beach Gardens, Florida 33410

New York:  This advertisement is not an offering. An offering can only be made by prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law.

Minnesota File No. F-9020

Midas
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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