WHY NOW?

Are you finding it difficult retaining customers for service beyond the manufacturer warranty or service agreement?  For a detailed look into how diversifying could help you retain more customers and benefit your dealership, check out our video. 

di·ver·si·fy

verb

make or become more diverse or varied.

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re·tain

verb

continue to have (something); keep possession of.

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grow

verb

become larger or greater over a period of time; increase

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Investing in the Aftermarket Automotive Industry presents the opportunity for independent automotive dealers to extend automotive care and services beyond the manufacturer warranty. Today, there is a total of 288 million vehicles on the road in the U.S. averaging an age of 12.1 years. Buyers are simply keeping their vehicles longer after traditional manufacturer warranties expire. Aftermarket Sales, General Auto Repair, and Auto Part Store sales grew a total of 2.2% from 2016-2017. This explains why the Aftermarket Autocare Industry is projected to do nearly $419 Billion in annual sales by 2021.

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(Auto Care Associations 2022 Fact-book)​

Retaining a customer beyond the average 4 year manufacture warranty can be a challenge for any dealership. By becoming a Midas franchisee, you become a part of the elite brands that consumers have trusted for more than 5 years, giving your existing customers service options when the manufacturer warranty expires.

By diversifying, opportunities previously unavailable to OEM Dealerships become possible. For example...

 

  • National Fleet Programs

  • Direct relationship with established franchise brands and TBC, an industry giant. 

  • Exposure to a larger base of customers

  • Multi-unit (Area Development Opportunities)

  • Powerful local and national marketing

  • Buying Power

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(1)
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(2)

A new franchisee’s performance may differ from the represented performance.  Click here to see further information from Item 19 of the Midas 2021 FDD.

READY TO JOIN THE FAMILY?

Take the first step to owning your very own Midas franchise. Simply complete the form on this page to receive your FREE franchise report today!

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ABOUT MIDAS

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 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.