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Why You Should Franchise with a Top Auto Repair Chain

April 30, 2024
automotive repair industry, auto repair chain

In the dynamic world of franchising, an entrepreneur's choice of industry and brand affiliation can dramatically shape one's success. For one, the auto repair sector, renowned for its resilience during economic fluctuations, presents a lucrative opportunity for prospective franchisees who pursue a top auto repair chain.

Among the various franchising options in the automotive industry, Midas stands out as a premier automotive services franchise choice, offering compelling benefits for prospective franchise owners. With over six decades of experience, a strong reputation, and a comprehensive support system, choosing Midas is a strategic move for any entrepreneur looking to make the most of their next franchise opportunity.

Industry Resilience and Consumer Preferences

The automotive repair industry is notably resistant to economic downturns. As economic conditions tighten, car owners increasingly prefer maintaining and repairing their existing vehicles over purchasing new ones. The average age of vehicles on the road in the US has reached an all-time high (1) – proving that most drivers would rather hold onto their current car  than buy a new one. This trend not only ensures an auto repair chain like Midas has a steady flow of clients but also positions any Midas franchisee to thrive regardless of the broader economic landscape.

A Legacy of Trust and Comprehensive Support

Midas has been a trusted name in auto repair for over 60 years. This longevity in the industry has enabled us to develop a deep understanding of market dynamics and customer needs, which in turn benefits each franchisee.

New Midas franchise owners can expect extensive pre-opening training and continuous support in operations, technology, and marketing. Whether transitioning from a different career path or scaling your existing automotive knowledge, we ensure you’ll be well-equipped to succeed.

High-Quality Branding and Integrated Marketing

Effective branding and marketing are crucial in the competitive auto repair and sales market. Midas provides a high-impact brand presence and a sophisticated, integrated marketing strategy that helps drive customer traffic to your franchise. From national advertising campaigns to localized digital marketing efforts, our franchisees receive a range of marketing support that amplifies visibility and attracts customers.

Diverse and In-Depth Automotive Repair Service Offerings

Midas franchises are equipped to offer a comprehensive set of services far beyond what typical auto shops provide. From brake repairs and tire replacement to more complex mechanical services, Midas franchisees can cater to a wide array of customer needs.

This versatility not only enhances the competitive edge most Midas franchises can gain but also fosters customer loyalty and repeat business, as customers appreciate a one-stop solution for all their vehicle maintenance needs.

Special Incentives for Veterans and First Responders

Midas values the dedication and skills of military veterans and first responders, offering a special franchise program that includes a 100% waiver on the franchise fee. Recognized with a five-star rating from VetFran, this program underlines Midas’s commitment to supporting those who have served our community and country, providing them an excellent opportunity to start a new chapter in their professional lives.

Strategic Partnership with TBC Brands

Aligning with Midas also means benefiting from its affiliation with TBC Brands, one of the largest marketers of automotive replacement tires through multi-channel retail and wholesale platforms. This relationship provides franchisees access to top tire brands, multiple delivery points, and a responsive supply chain, ensuring that your franchise can efficiently and effectively meet customer demands.

Investing in a Midas franchise offers more than just becoming part of a strong network; it’s a chance to grow within a proven framework. The brand’s robust support system, competitive suite of services, and deep market understanding, provide a strong foundation for entrepreneurial success in the auto repair industry. As a Midas franchisee, you not only gain a franchisor renowned for innovation and quality but also join a community dedicated to service and excellence.

Joining the brand family of a leading automotive services chain like Midas can give you access to a proven business model and valuable competitive advantages. For those looking to steer their future towards reliable growth and community impact, franchising with Midas is the right move.

Ready to discover the difference that a Midas franchise makes compared to most other businesses in the automotive industry? Contact us, and we’ll share the next steps to seeing your Midas location open for business!

1 Average Age of Light Vehicles in the US Hits Record High 12.5 years; S&P Global Mobility, May 15, 2023

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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.
An emblem featuring the words "fran-tastic 500 franserve 2022" within a shield and laurel design for an Automotive Repair Franchise.
Midas Franchise F500 Badge 2022 Top Franchise for Veterans, showcasing automotive repair franchise opportunities.
Award emblem for "Automotive Repair Franchise Dictionary 100 Game Changers 2020".
Logo of the Automotive Repair Franchise indicating membership.
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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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