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Opening a Top Auto Repair Franchise: What We Look For

June 27, 2023

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 franchise with strong growth potential, these entrepreneurs must first find the right franchisor to work with. Choosing an established brand with great customer loyalty, training and support resources, and a proven business model can immediately put investors on solid ground.

Midas has steadily progressed up the ladder of the automotive services industry throughout our several decades in business. Over time, we’ve taken note of what is required for an auto repair shop to survive and grow in this competitive industry. This level of experience has helped us become one of the top brands with a franchise opportunity on the market. Midas has even earned recognition as one of the best automotive franchisors thanks to our relatively low franchising costs and widespread brand recognition with consumers. (1)

However, we did not earn this reputation on our own. Each Midas franchisee plays a critical role in our brand’s overall success, incentivizing us to select the best franchisees possible to work with. This blog examines the traits we look for in a Midas candidate and how they often correlate to making top auto repair franchisees.

Passion for the Auto Repair Industry

Those with an interest in auto repair and a desire to pursue a new career path can find an interesting opportunity with our automotive services franchise. 

Our customers turn to their nearest Midas location when their vehicle has an issue or requires maintenance that they can’t resolve themselves. They expect us to treat their car well and work hard to provide superior service in a timely manner – and we hold our franchisees to that standard too.

While we prefer someone who takes pride in their work and has a passion for the industry, we don’t require new franchisees to bring decades of experience. At Midas, we know that everyone gets their start somewhere and we are determined to make our franchise opportunity the best possible place for those entering the industry for the first time. Our team has welcomed franchisees of many backgrounds, from life-long mechanics to first-time business owners, and helped them build the automotive shop they’ve dreamed of owning.

Opening an Automotive Shop to Welcome and Support Your Community

Having spent so many years in business, the Midas team knows a brand’s promises only go so far with customers. Local car owners will need to see proof of our quality of service before returning to our locations time and time again. This is why we search for franchisee candidates who can deliver more than vehicle repair expertise. They also need to connect with their nearby communities and foster trusting relationships with their customers.

Customers love when they can entrust their car maintenance and repairs to a professional who is just as invested in its working condition as they are. In this regard, we expect Midas franchisees to be capable leaders who maintain high standards and require the same of their employees.

Whether this originates from the franchise owner themselves or the management team they put in place, it’s part of the Midas difference that our customers have come to expect. As the franchisor, we provide all the training required to ensure our franchise owners are equipped to deliver on that difference.

Customer Service Goes a Long Way

Other brands struggle to match the level of customer service we look to instill at each Midas location. By working with the right entrepreneurs, we have come to expect the same level of personal interaction and the friendly environment that they usually only associate with a local auto body shop. 

Listening to customer concerns, answering their questions, and pointing them in the right direction for next steps are significant aspects of establishing these relationships. It’s why Midas only seeks the best people possible to represent us at each franchise location.

Ready to see what else it takes to become a Midas franchisee and how our team can help you prepare for life as an auto shop owner? Contact us today!

1 12 Automotive Franchises; Small Business Trends, Jan 25, 2023

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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