Benefits of an Auto Repair and Tire Shop Franchise

September 11, 2023
Benefits of an Auto Repair and Tire Shop Franchise

The most successful entrepreneurs typically take the time to consider the benefits of a business venture before deciding to start one. This is especially crucial if they wish to be successful in a competitive industry. A tire shop franchise, for example, can achieve growth thanks to high customer demand in the market, but only if it can stand out from the competition.

The journey to becoming a preferred choice for automotive services can be challenging, particularly if you don't have a franchisor on your side. This is distinctly true for tire shops that start from the ground up, following a traditional small business model. Franchising with an established brand can provide several key advantages that a small business owner would not be privy to on their own.

The expansion of franchise output in recent years is proof that many business owners have come to this realization. The International Franchise Association (IFA) acknowledged that franchise output for 2022 reached over $826 billion (1), and there remains plenty of optimism for further growth.

However, the decision to franchise is not to be taken lightly. Choosing the correct brand to work with can go a long way in determining the business’s chances of success. Those looking to make the most of their investment should consider opening a Midas auto repair franchise.

For the past 60+ years, the Midas brand has demonstrated an unwavering commitment to providing a wide variety of automotive services with a customer-focused approach. Our team of industry veterans knows what it takes to stand out from other auto shops and can help new Midas franchisees build their businesses into the top options in their areas. Customers appreciate the way Midas technicians efficiently provide their cars with the care they need. This is part of what has fueled our growth into one of the biggest names in automotive repairs today.

A Midas Franchise Offers Much More Than Just Tire Service

Cars are complex, with many parts that need to function properly to remain operational. Sometimes, when cars break down, multiple issues must be addressed. The average tire shop franchise leaves a bit to be desired for customers who need numerous repairs. Drivers prefer an auto shop that can resolve all of their car issues in one visit, not one that can only handle tire-related maintenance.

Each Midas franchisee completes our pre-opening training, which prepares them to effectively run our auto repair centers. The training includes instruction on how to provide each of our automotive services while meeting the shared standards of the Midas brand and our customers. Examples of the processes you'll be trained on include the following:

  • Steering repair
  • Expert brake repair
  • Suspension systems repair
  • Scheduled car maintenance
  • Exhaust repair
  • Tire rotation and replacement
  • Wheel alignment
  • And more!

How Midas Auto Repair Franchises Stand Out in the Automotive Industry

At Midas, our franchise opportunities are some of the best in the industry for a variety of reasons. The Midas brand has earned the trust of car owners for more than just our well-rounded services and strong franchisee training program. We rank highly in the market for several automotive services and are proud to be the second-largest tire distributor in the US.

Volume Discount Purchases

One benefit that allows Midas franchisees to provide services beyond those of a regular tire business is our volume discount purchasing power on brand-name tires. Car owners appreciate that they can shop for tires from many preferred and well-known brands.

Midas franchisees gain a leg up, as the volume discount allows them to acquire popular tires at lower prices than local auto shops can. These savings can potentially be passed along to customers to increase their brand loyalty to Midas automotive centers.

National Fleet Accounts

The Midas brand presence is one of the most extensive in the industry, with locations in 48 states. We leverage this to develop a national fleet program that can supplement the business of our franchisees. National brands with fleets of vehicles in numerous locations can utilize local Midas franchises for service. The work of one Midas franchise can benefit many others who have the same national client with a fleet based in their area. As a result, a significant number of Midas franchisees have reported an improvement to their bottom line - which also helps our brand’s overall performance.

Marketing Campaigns

Our team also helps conduct national marketing campaigns to spread awareness about our franchise locations. Our consumer website gathers a high volume of leads from car owners in need of services. Once they visit our website, they will learn more about our brand, our commitment to excellence, and the nearest Midas locations to them.

Thanks to our competitive advantages and the support we provide, we are confident that opening Midas automotive services franchises can generate the results that entrepreneurs are searching for.

Interested in learning more about our franchise opportunity and the competitive advantages of opening a Midas automotive franchise? Reach out to us today and we can discuss it further!

1 WHY IS FRANCHISING GROWING IN 2023?; IFA, February 2023

Recent Posts

December 25, 2023
Build a Bright Future with Automotive Repair in Los Angeles

The high volume of car ownership and vehicle traffic in the area creates a great opportunity for automotive repair in Los Angeles with a Midas franchise

Read More
December 11, 2023
Why Take Advantage of Our Oil Change Franchise Opportunity?

A Midas oil change franchise opportunity gives you the ability to enter a growing industry with the support of a brand that has an exceptional reputation

Read More
November 20, 2023
Texas Auto Repair: Driver Need for Services Remains High

Midas franchise offers entrepreneurs opportunities to capitalize on the significant demand for auto services from drivers in the Texas auto repair market

Read More
1 2 3 10
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.

F500 Badge 2023
F500 Badge 2023 Ranked#1 in Category 300
Fran tastic 500
F500 Badge 2022
Franchise Dictionary 100
IFA Member
Franchise Registry 2019
franchise times top 500
Vet-Fran
crossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram